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Tata Power gains on the bourses

Tata Power Company is currently trading at Rs. 68.50, up by 0.55 points or 0.81% from its previous closing of Rs. 67.95 on the BSE. The scrip opened at Rs. 68.35 and has touched a high and low of Rs. 68.85 and Rs. 67.95 respectively. So far 21585 shares were traded on the counter. The BSE group ‘A’ stock of ... Read More »

NTT Com-Netmagic joins hand with Tata Power to build 50 MW solar power project

NTT Com- Netmagic, a leading Managed Hosting and Multi-Cloud Hybrid IT solution provider in India, has entered into partnership with Tata Power to build its first 50 MW Solar Photovoltaic (PV) power plant in Solapur in the state of Maharashtra. This initiative enables NTT Com-Netmagic to meet the green energy needs and optimise operating costs. This solar power project is ... Read More »

Greek elections: Centre-right regains power

Greece’s new centre-right Prime Minister Kyriakos Mitsotakis has vowed the country will “proudly raise its head again” after winning a landslide victory.  New Democracy’s Mitsotakis added he would not fail to “honour the hopes” of the Greek people. The win comes four years after Alexis Tsipras’s leftist Syriza party swept to power promising an end to austerity.  Tsipras’s Syriza was ... Read More »

GMR Infrastructure soars on signing agreement with Adani Power

GMR Infrastructure is currently trading at Rs. 15.59, up by 0.45 points or 2.97% from its previous closing of Rs. 15.14 on the BSE. The scrip opened at Rs. 15.85 and has touched a high and low of Rs. 15.90 and Rs. 15.49 respectively. So far 170680 shares were traded on the counter. The BSE group ‘A’ stock of face ... Read More »

Power stocks shine as India plans to add 500 GW renewable energy by 2030

Power stocks were trading higher on the bourses with the government’s statement that India plans to add 500 gigawatts (GW) of renewable energy to its electricity grid by 2030, in a bid to clean up air in its cities and increase the share of renewables in its electricity grid. Tata Power Company is currently trading at Rs. 69.30, up by ... Read More »

L&T gains on wining power project order in Bihar

Mumbai : Larsen & Toubro (L&T) is currently trading at Rs. 1555.30, up by 15.30 points or 0.99 % from its previous closing of Rs. 1540.00 on the BSE. The scrip opened at Rs. 1542.50 and has touched a high and low of Rs. 1561.45 and Rs. 1542.50 respectively. So far 9338 shares were traded on the counter. The BSE ... Read More »

CG Power gets nod for sale of land in Mumbai

CG Power and Industrial Solutions has received approval for entering into conveyance agreement for sale of remaining portion of Company’s land situated at Kanjurmarg, Mumbai currently housing the transformer manufacturing unit admeasuring approximately 13 acres to Evie Real Estate for an aggregate sum of Rs 498.96 crore and also approved closure/ shifting of the said transformer manufacturing unit as a ... Read More »

Reliance Power’s Sasan project gets CERC nod to meet new environment norms

Reliance Power’s 3,960 MW project at Sasan in Madhya Pradesh has received regulatory nod from the Central Electricity Regulatory Commission (CERC) for implementing a system to control emissions and meet new environmental norms. The CERC approval would enable the company to recover the cost of the system from its consumers. Reliance Power, a part of the Reliance Group, is India’s ... Read More »

NLC India commissions 100 MW Solar PV power plant in Tamil Nadu

NLC India has successfully commissioned the 100 MW Solar PV power plant at Kamuthi & K. Nedunkulam village, Ramanathapuram District in the state of Tamil Nadu, out of 709 MW solar power projects awarded by TANGEDCO. NLC India is engaged in the business of lignite mining and power generation. At present, the company has four opencast lignite mines. WhatsApp Facebook ... Read More »

BHEL bags EPC orders worth Rs 800 crore for 200 MW solar power plants

  ’ (BHEL) Solar Photovoltaic (SPV) portfolio has surpassed 1 GW with the company winning two EPC order for setting up SPV plants with a cumulative capacity of 200 MW. The orders are valued at over Rs 800 crore, the orders have been secured from NTPC and Gujarat State Electricity Corporation (GSECL), reinforcing the company’s position as a leading EPC ... Read More »

Argentina, Uruguay restore power after massive blackout

The cut, which began just after 7:00 am, also caused short, localized losses of power in Paraguay, but didn’t impact Tierra del Fuego in Argentina’s extreme south because the region is not part of the national system. The episode was the first time a power cut had affected the majority of Argentina, with a population of more than 44 million, ... Read More »

Tata Power’s arm raises Rs 1,110 crore via NCDs

Tata Power Company’s subsidiary — Coastal Gujarat Power (CGPL) has raised Rs 1,110 crore through issuance of Non-Convertible Debentures (NCDs) on private placement basis, for refinancing existing debt, capital expenditure and augmentation of working capital. The NCDs will carry a coupon rate of 9.15 per cent, payable annually. The debt obligations of CGPL under the NCDs are guaranteed by the ... Read More »

Telangana govt to buy 2000 MW additional power from NTPC

The Telangana government has sought 2000 MW additional power from NTPC to meet the growing power demand in the state, in view of the upcoming Kaleshwaram lift irrigation project. The mega project, a brainchild of KCR, is aimed at making water available for irrigation, industries and drinking to 70 per cent of the districts in the state thereby contributing to ... Read More »

Cyclone Vayu: Power supply disrupted in 560 Gujarat villages

The Gujarat Urja Vikas Nigam Limited (GUVNL) chalked out an action plan well in advance in view of the cyclone threat. Sources informed that the state government promoted company’s in-charge Managing Director Shahmeena Husain. “Around 561 feeder lines in Saurashtra and south Gujarat are affected due to the impact of cyclone Vayu. We are confident that the power supply will ... Read More »

Tata Power’s arm launches residential solar rooftop campaign

Tata Power Company’s wholly owned subsidiary — Tata Power Solar has launched its pan India residential solar rooftop campaign. The campaign has been flagged-off from the holy-city Tirupati to inspire the residents across the country to implement residential solar rooftop solution. This campaign intent to cover 100 cities across India and expected to save up to Rs 50,000 per 5kW ... Read More »

China: Scientists strive to light up ‘artificial sun’ for thermonuclear power

The efforts continue after decades of work by Chinese scientists, who dreamed to “build a sun” as far back as 1985, when a group of 35 industrial nations and blocs including China, the European Union, India, Japan, and Russia agreed on building the world’s first fusion device – the International Thermonuclear Experimental Reactor (ITER). Designed to be the first fusion ... Read More »

CG Power launches next generation of compact drives for Industrial Automation

CG Power and Industrial Solutions has launched new Emotron VSX and Emotron VSM Series variable speed Drives for critical applications. This newly launched series are not only packed with advanced features but also compact in size. The new drive introduces a breakthrough control technology, developed by CG that brings high performance Motor control to demanding processes used in various industries. ... Read More »

GE Power secures contract worth Rs 738.3 crore from Aravali Power Company

GE Power India has been awarded a contract worth Rs 738.3 crore by Aravali Power Company, a Joint venture company of NTPC, Haryana Power Generation Company and Indraprastha Power Generation Company. The contract is for Design, Engineering, Civil Work, Supply, Erection and Commissioning of Wet FGD systems along with auxiliaries like Limestone and Gypsum Handling System and Wet Stack on ... Read More »

M&M’s arm, Mitsui to co-invest in distributed solar power projects in India

Mahindra & Mahindra’s (M&M) subsidiary — Mahindra Susten, a leading player in the Indian solar energy sector, has entered into a partnership with Mitsui & Company, of Japan to jointly develop and operate distributed solar power generation projects in India. Mahindra Susten will continue to hold 51% stake in Marvel Solren, with Mitsui holding the balance equity. Marvel currently operates ... Read More »

John Deere Catalyzes Indian Agriculture with Power and Technology

Udaipur : John Deere, a pioneer agriculture equipmentmanufacturer has been at the forefront of bringing innovative products and new technologies to tractor and farm equipment.John Deere, a leader in the farm equipment sector known for innovative products and services, launched a new range of technology and power-driven tractor, harvester and implements. These new tractor and harvester models with superior technology, ... Read More »

Power Grid reports 52% rise in Q4 net profit

Power Grid Corporation of India has reported results for fourth quarter and year ended March 31, 2019. The company has reported a rise of 51.91% in its net profit at Rs 3,053.96 crore for the quarter under review as compared to Rs 2,010.31 crore for the same quarter in the previous year. Total income of the company increased by 18.66% ... Read More »

Tata Power’s arm to develop 100 MW Solar Project in Gujarat

Tata Power Company’s wholly owned subsidiary–Tata Power Renewable Energy (TPREL) has received a Letter of Award (LoA) from Gujarat Urja Vikas Nigam (GUVNL) on May 28, 2019 to develop a 100 MW solar project in Raghanesda Solar Park of Gujarat. The energy will be supplied to GUVNL under a Power Purchase Agreement (PPA) valid for a period of 25 years ... Read More »

Adani Power turns black in Q4

Adani Power has reported results for fourth quarter and year ended March 31, 2019. The company has reported a net loss of Rs 62.82 crore for the quarter under review as compared to net loss of Rs 556.15 crore for the same quarter in the previous year. However, total income of the company jumped by 2-fold at Rs 263.56 crore ... Read More »

NTPC gains on eyeing to produce 310 billion units of power in FY20

NTPC is currently trading at Rs. 132.80, up by 0.05 points or 0.04% from its previous closing of Rs. 132.75 on the BSE. The scrip opened at Rs. 132.35 and has touched a high and low of Rs. 133.15 and Rs. 132.30 respectively. So far 9624 shares were traded on the counter. The BSE group ‘A’ stock of face value Rs. ... Read More »

Cipla to acquire 26% stake in AMPSolar Power Systems

Cipla has signed an agreement to acquire 26% stake on a fully diluted basis in AMPSolar Power Systems. In line with Cipla’s commitment to enhance the proportion of renewable (solar) based power consumption and to comply with regulatory requirement for captive power consumption under electricity laws, Cipla will acquire and maintain 26% stake on a fully diluted basis in AMPSolar ... Read More »

Power Mech Projects reports order book of Rs 7,407 crore for FY19

Power Mech Projects has reported a strong order book of Rs 7,407 crore for FY19. The company’s order book from power sector was Rs 3,288 crore, includes international order book of Rs 1,150 crore. The company’s non-power sector stood at Rs 4,119 crore. Power Mech Projects is an integrated power infrastructure services company. The Company’s operations include three business lines: ... Read More »

BJP set to return to power as Modi wave sweeps most of India

New Delhi : Riding on a massive Modi wave sweeping through most parts of India, the BJP was set to return to power Thursday as it led in 292 seats while the Congress trailed far behind with 51, according to trends released by the Election Commission for all 542 seats that went to polls If the trends stay until final results, ... Read More »

Additional power for lifting water from Kaleshwaram Lift Irrigation Project

Hyderabad: Telangana Chief Minister Sri K Chandrashekhar Rao instructed the officers concerned to get prepared and be ready for supplying the required additional power for lifting water from Kaleshwaram Lift Irrigation Project from July this year.  The CM said that at the rate of 2 TMC per day during this year the required additional power for lifting the water would be ... Read More »

Torrent Power gains on raising Rs 270 crore via NCDs

Torrent Power is currently trading at Rs. 246.65, up by 3.85 points or 1.59% from its previous closing of Rs. 242.80 on the BSE. The scrip opened at Rs. 242.00 and has touched a high and low of Rs. 247.10 and Rs. 242.00 respectively. So far 10803 shares were traded on the counter. The BSE group ‘A’ stock of face value ... Read More »

Tata Power gains on signing MoU with Mahanagar Gas

Tata Power Company is currently trading at Rs. 62.70, up by 0.05 points or 0.08% from its previous closing of Rs. 62.65 on the BSE. The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 62.90 and Rs. 61.45 respectively. So far 258441 shares were traded on the counter. The BSE group ‘A’ stock of ... Read More »

Bkt Tires To Power Bharat Super League 2019

Organised by Professional Management Group (PMG), the second edition of Bharat Super Leagueprovides the ideal platform for a sport that is gaining immense popularity Udaipur : Balkrishna Industries Limited (BKT), India’s leading manufacturer of off-highway tires, has signed on with Asian Paints Bharat Super League (BSL)as the “powered by” sponsors,which is in its second edition. As “Powered By”sponsors, BKT’s association ... Read More »

Yes Bank acquires eight crore pledged shares of CG Power

Yes Bank has acquired eight crore shares in CG Power and Industrial Solutions which were pledged to it by a borrower. The acquired shares represent 12.79% ownership in the company and will be valued at Rs 292.56 crore as per the Tuesday’s close. Yes Bank is engaged in providing banking services, including corporate and institutional banking, financial markets, investment banking, ... Read More »

Wipro, R3 build blockchain-based solution prototype to power digital currency in Thailand

Wipro in partnership with R3, the enterprise blockchain software firm, has developed a blockchain-based solution prototype to enable digital currency for interbank settlements for a consortium consisting of the Bank of Thailand and eight commercial banks in Thailand. Developed as part of the first phase of Project Inthanon, the solution will enable de-centralized interbank real-time gross settlement (RTGS) using wholesale ... Read More »

CG Power terminates agreement with Ganz Villamossagi Zrt and Alester Holdings

CG Power and Industrial Solutions has terminated agreement with Ganz Villamossagi Zrt and Alester Holdings with effect from April 30, 2019, as certain conditions subsequent agreed to be performed between the parties have not been met. Earlier, the company had executed of Business Transfer Agreement and Share Sale and Purchase Agreement with Ganz Villamossagi Zrt and Alester Holdings with respect ... Read More »

KPI Global Infrastructure commissions 2.2 MW solar power project in Bharuch

KPI Global Infrastructure has successfully installed and commissioned 2.2 MW solar power project with effect from April 30, 2019 at Village-Sudi, Ta-Bharuch, and district Bharuch under ‘Independent Power Producer (IPP)’ category for United Phosphorous, Vapi for which GEDA has issued Certificate of Commissioning. KPI Global Infrastructure is a solar power generating company focused on providing solar power, both as an ... Read More »

Orient Green Power to disinvest 57.92% stake in Sanjog Sugars and Eco-Power

Orient Green Power Company has received approval to disinvest its entire holding of 9,18,954 equity shares (aggregating 57.92%) held in Sanjog Sugars and Eco-Power (Bio Mass Subsidiary) in favour of Soorya Eco Power as per Share Purchase Agreement (SPA) executed by the company with Soorya Eco Power. The Board of Directors of the Company at its meeting held on May ... Read More »

Coal India to supply 530 MT of coal to power sector in FY20

Coal India will supply 530 million tonne (MT) of coal to the power sector in 2019-20, 8.6 per cent rise over the previous year. Supply to the power sector during the last year was 488 million tonne, a rise of 7.5 per cent over 2017-18. Keeping focus on power sector, the company’s share of dispatch to power sector has increased ... Read More »