Page 10 - Power Sector

Best of BS Opinion: Using GST as consumption proxy, The ANC's choices, more

Here is the best of Business Standard's opinion pieces for today

Surge of free power raise red flags for green technology investors

For more than a million consumers, that meant getting free electricity to heat their homes or charge their vehicles

This smallcap power related stock zoomed over 100% from its March low

Shares of Techno Electric & Engineering hit a record high of Rs 1,218.75, and were up 9% on the BSE in Thursday's intra-day trade in an otherwise weak market on healthy Q4 performance.

India's peak power demand touches new record high of 246 Gigawatts

During the current year, May has witnessed several power demand records

Jefferies to Nuvama: These brokerage have raised NTPC target price post Q4

ICICI Securities stressed upon NTPC's position in the increasing total addressable market for power capex, benefiting from both conventional and renewables sectors

Electricity subsidies are getting done better

On-Budget subsidies create more gratitude in the voter

Power Mech Projects Q4 results: Net profit rises 13% to Rs 84 crore

Power Mech Projects Ltd on Monday reported a 13 per cent rise in consolidated net profit to Rs 84.41 crore for the March quarter on account of higher income. It had clocked Rs 74.57 crore profit after tax (PAT) in the year-ago period, the company said in an exchange. The company's total income rose to Rs 1,311.86 crore, from Rs 1,183.20 crore in January-March FY23. During the period under review, its expenses stood at Rs 1,189.69 crore, as against Rs 1,070.49 crore a year ago. The board of the company also approved a final dividend of Rs 2 per share for FY24. Hyderabad-based Power Mech Projects Ltd is into the power and infrastructure sectors.

Power Finance Corporation Q4 result: Net profit up 23% at Rs 7,556 cr

The company is expected to borrow around Rs 1 trillion to 1.20 trillion in the financial year

Thermal PLFs to remain healthy amid power demand-supply mismatch: Ind-Ra

India Ratings and Research on Wednesday maintained a neutral outlook for the power sector, noting that thermal PLFs (plant load factor or capacity utilisation) will remain healthy amid demand-supply mismatch in FY25. "India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY25, as it believes the overall plant load factor of thermal power plants would continue to improve and reach closer to 70 per cent in FY25," an Ind-Ra statement said. This is attributed to continued higher power demand, a ramp-up in domestic coal production, slower capacity additions and continued dependence on coal-based generation till sufficient storage capacity is built up for energy transition towards renewables, it added. "Ind-Ra continues to see a demand-supply mismatch in the power market, which would lead to a continued uptick in plant load factors of thermal plants and elevated merchant tariffs," said Bhanu Patni, Associate Director, Corporate Ratings, Ind-Ra. Pat

The power gap

Battery storage systems can maximise RE

Despite India's renewables push, it's fossil, fossil burning bright

With a record hot summer and with unprecedented weather events feared this year, India's grid operators are falling back on coal

L&T's power transmission biz bags multiple orders in India, overseas

Larsen & Toubro (L&T) on Wednesday said its power transmission and distribution business has bagged multiple orders in the country and overseas. The business has bagged orders to set up two floating solar plants in India. Floating solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/lake/abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil work. There are other site-specific merits too, besides reduction of water evaporation. The power transmission and distribution (PT&D) vertical has also received orders to set up transmission lines and a gas insulated substation to integrate solar energy zones in Rajasthan and Karnataka. These crucial links will enable the evacuation of renewable energy to load centres in various parts of the country. The company has also another order to build a gas insulated substation overseas. "The ...

Gajanan S Kale takes over as CEO of Tata Power Delhi Distribution

Before joining Tata Power-DDL, Kale served as the Chief Executive Officer of TP Western Odisha Distribution Limited (TPWODL) since 2021

Power Grid Corporation stock surges 5% on bagging 3 transmission projects

Further, on Wednesday, Power Grid board approved a proposal to raise up to Rs 12,000 through the issuance of bonds in one or more tranches in FY25.

This Madhuri Kela-owned stock has surged 59% in 12 days; up 729% in 1 year

Transformers and Rectifiers (India) hit the 5 per cent upper circuit on Tuesday after the company reported 4-fold jump in Q4 net profit at Rs 35.95 crore.

IREDA surges 13% on heavy volumes; zooms 32% in 1 week post FY24 biz update

Further, both the BSE and NSE revised the circuit filter for the stock from 5% to 20% with effect from today.

Higher cash flows and moderate valuations to support Coal India stock

In FY24, CIL dispatched 618.5 MT (up 5.4 per cent Y-o-Y) to the power sector (vs committed volume of 610 MT). The power sector thus accounted for 82 per cent of total dispatches

Solar manufacturing challenge

Local manufacturing is being pushed through a combination of incentives for manufacturing and disincentives for imports

Govt pulls all stops to ensure smooth power supply this summer: R K Singh

The government has asked all power plants to operate at full capacity as it pulls all the stops to meet peak electricity demand in the searing summer season, Power Minister R K Singh said on Thursday. With the meteorological department forecasting a harsh and long summer, the government has asked all plants that are shut for maintenance or other reasons, to quickly start operating and harness surplus power available at generating stations dedicated to specific users. The government is also ensuring that thermal power plants - the backbone of India's electricity supply - have enough coal stocks to last through June and has asked all units to offer their uncontracted or surplus power in power exchanges. In an interview with PTI, Singh exuded confidence of meeting peak summer demand without any disruption. He said, "We are mobilising our entire capacity whether it is thermal, hydro, renewable or gas-based. So I think we will meet the demand." The Ministry of Power has projected a pea

Power stocks fire up; Adani, NTPC, JSW, ABB, Siemens hit new highs

The S&P BSE Power power index hit a new high of 7,112.42 in the intraday trade. Thus far in the calendar year, the index has rallied 22 per cent