Page 9 - Power Sector

Torrent Power stock nears 5-month low; down 17% in Nov on poor Q2 show

Torrent Power shares slipped 5 per cent to Rs 1,507 and were trading at the lowest level since July 25, 2024.

​Should you dump Adani Green stock for NTPC Green IPO? What analysts say

Vneet Jaain, former chief executive officer at Adani Green Energy along with Adanis, prosecutors said, raised over $3 billion in loans and bonds by hiding their corruption from lenders and investors

NTPC Green Energy IPO opens today: How to trade NTPC, other power stocks

NTPC Green Energy IPO: Trading strategies for NTPC, Power Grid and other listed power stocks on the BSE, NSE.

High discom debt, losses hinder prospects of listing state power firms

As discoms pushed all the buttons to meet the record-high demand during FY23, their total debt rose to Rs 70k cr for funding their capex, working capital requirement, and operational losses

Time to assess impact of procurement reforms introduced three years ago

Various industry associations and chambers of commerce must stridently demand implementation across all levels and come up with their own impact analysis of these reforms

Govt asks states to consider setting up nuclear-based power plants

Government in its budget this year had proposed to partner with private players to develop small nuclear reactors to increase the amount of electricity

Power Grid Corp stock rallies 5% on healthy outlook; higher capex guidance

The company has raised its FY27 capex and capitalization targets to Rs 40,000 crore, up from an earlier target of Rs 25,000 crore, and its seven-year capex guidance to Rs 3 trillion.

SECI major solar power project hits roadblock as bidding goes awry

SECI detected the irregularities only after the bidding was done, forcing it to cancel the tender at an advanced stage

Power consumption rises marginally to 140.4 billion units in October

India's power consumption rose marginally by about one per cent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect. In the year-ago period, the power consumption grew by over 22 per cent to 139.44 BU from 113.94 BU in October 2022. The highest supply in a day (peak power demand met) dipped to 219.22 GW in October 2024 from 221.53 GW in the year-ago month. The peak power demand touched an all-time high of about 250 GW in May this year. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. Earlier this year, the power ministry projected a peak power demand of 235 GW during the day and 225 GW during evening hours for May while 240 GW during daytime and 235 GW in the evening hours for June. The ministry also estimated that peak power demand may hit 260 GW this summer. Noting that October 2024 was the warmest in many decades as per official data, the experts opined that power demand as well as consumpti

Centre, power industry exploring curbs on most potent greenhouse gas SF6

The stable nature that makes SF6 an excellent insulator also aggravates its impacts on the climate

Volume outlook, e-auction premiums remain positive for Coal India stock

Given a strong volume outlook, e-auction premiums and assuming lower operating costs, the long-term outlook remains positive

Bonfiglioli starts work for Rs 320 cr Tamil Nadu unit; to start ops by 2025

The 25-acre Cheyyar plant reinforces Bonfiglioli 's commitment to the 'Make in India' initiative and solidifies its position as one of India's largest gearbox manufacturers

This transformer stock surged 55% in 7 days; zoomed 1229% in 18 months

Shares of Indo Tech Transformers hit a new high of Rs 2,507, surging 5 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market on healthy business outlook.

PLI scheme for power transmission soon: Power Secretary Pankaj Agarwal

He was speaking on the sidelines of a brainstorming session organised by the Central Electricity Authority (CEA), the technical arm of the Ministry of Power

How Pak Army 'coerced' five power companies to end contracts prematurely

Prime Minister Shehbaz Sharif's office stated that the companies had 'voluntarily agreed' to prioritise national interest over their business concerns

Torrent Power wins order to supply 2,000 MW pumped storage in Maharashtra

Torrent Power on Tuesday said it has secured a contract from the Maharashtra government to supply 2,000 megawatt energy storage capacity from its upcoming plant in the state. In a statement, Torrent Power said it has received the order for an additional 500 MW capacity supply in addition to 1,500 MW awarded last month, taking the total supply order to 2,000 MW capacity. "...received letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS connected pumped hydro storage plant," the company said. MSEDCL will procure energy storage capacity from Torrent Power's InSTS (intra state transmission) connected pumped hydro storage for a period of 40 years. The company plans to supply the storage capacity from its upcoming storage plant in Maharashtra. Torrent Power said it has also identified Pumped Storage Project (PSP) sites in several other states. The company has earlier announ

Higher e-auction share key for Coal India stock; 15% target boosts outlook

Given predictable demand and steady growth, if e-auction at 15 per cent is achieved, the outlook is positive

ENGIE pursuing organic growth for India renewables portfolio: Group CEO

India is expected to have a fair share of the €22-25 billion in investments the firm has planned over a three-year period between 2023 and 2025

Over 1.6 million US customers still without power after Hurricane Helene

US energy company Duke Energy had the most power outages in the Carolinas with about 415,601 customers still out in South Carolina and 287,369 out in North Carolina, according to PowerOutage.us.

Tata Power to invest $14.3 billion in Rajasthan over next 10 years

Tata Power on Monday said it has inked an initial pact with the Rajasthan government for investment of Rs 1.2 lakh crore, including Rs 75,000 crore in green energy, in the state's power sector. The 10-year plan aims to support Rajasthan's transformation into a power surplus state, providing 24/7 clean, affordable, and reliable power supply. Investments will be made in renewable energy projects and manufacturing, transmission, distribution, nuclear power, rooftop installations, and EV charging, a company statement said. The MoU was signed during the 'Rising Rajasthan' Investor Meet in New Delhi on Monday. An amount of Rs 20,000 crore will be invested in the state transmission and distribution area to modernize the grid infrastructure, reduce energy losses, and improve power quality across the state. Besides, Rs 10,000 crore will be invested for transmission systems exploring opportunities to develop nuclear power plant. Nearly Rs 75,000 crore will be for renewable energy projects.