County Power Financial News

PTC India Ltd.(up 4.84%), SJVN Ltd.(up 4.51%), Karma Energy Ltd.(up 3.78%), NLC India Ltd.(up 2.69%), NHPC Ltd.(up 2.42%), RattanIndia Power Ltd.(up 1.45%), Gujarat Industries Power Company Ltd.(up 1.24%), Orient Green Power Company Ltd.(up 1.10%), Voltamp Transformers Ltd.(up 1.10%) and CESC Ltd.(up 0.62%) were among the top gainers. Indo Tech Transformers Ltd.(down 5.00%), Adani Energy Solutions Ltd.(down 2.17%), GE Power India Ltd.(down 1.98%), Inox Wind Energy Ltd.(down 1.91%), Suzlon Energy Ltd.(down 1.91%), Jaiprakash Power Ventures Ltd.(down 1.86%), Jyoti Structures Ltd.(down 1.84%), Adani Green Energy Ltd.(down 1.81%), Transformers & Rectifiers(India)Ltd.(down 1.70%) and Power and Instrumentation(Gujarat)Ltd.(down 1.55%) were among the top losers.

Adani Power, Jindal Power and Vedanta Ltd are among a dozen companies that have expressed interest in acquiring IL&FS Tamil Nadu Power Corporation (ITPCL), one of the biggest assets under the IL&FS portfolio with debt of nearly Rs 10,000 crore. IL&FS, as part of its resolution process, had recently invited expressions of interest (EoIs) to acquire a 92% stake in ITPCL held by IL&FS Energy Development Company (80%) and the group holding company (12%). This asset has two coal-based power plants with 1,200 MW capacity in Cuddalore with the potential to add nearly 2,000 MW more, a captive jetty adjacent to the plant, and a captive coal mine in Indonesia. Adani Power and Jindal Power are also competing against each other for Lanco Amarkantak, which has two units of 300 MW operational and two units of 600 MW under construction. Vedanta Ltd had last year acquired a 1,000 MW coal-based thermal power plant for ?1,440 crore under the Insolvency and Bankruptcy Code (IBC). Spokespersons of Adani, Vedanta and Jindal Power did not immediately respond to requests for comment. Other bidders for ITPCL include some non-banking financial companies (NBFCs), alternative investment funds (AIFs) and power companies. An IL&FS spokesperson said assessment of bidder eligibility is in progress.

Gangasagar and taken a holy dip at the confluence of the Ganga River and the Bay of Bengal so far this year, West Bengal minister Aroop Biswas said. Heavy security arrangements have been made at the fairground, situated on Sagar Island, where many more are expected to arrive on the occasion of Makar Sankranti on Monday. Apart from the state police, NDRF, SDRF and Coast Guard personnel have been deployed with necessary gear for responding to any eventuality.

free electricity of 600 units bi-monthly or 300 units monthly, according to state Power Minister Harbhajan Singh ETO. Presenting an overview of the department's performance in 2023, He said that 100 percent of the state's agricultural tubewells have also been electricified for free. Singh also announced that the state met its highest-ever power demand of 15,293 MW on June 23, 2023, marking a 7 percent increase from the previous highest demand of 14,311 MW on June 29, 2022.

₹519.80 apiece on BSE. Kalyani Steels stock price touched an intraday high of ₹576.25 and an intraday low of ₹550.20.

New York City is on high alert as a widespread storm wreaked havoc in the U.S. South, causing significant damage. The region has experienced tornado warnings and high winds, resulting in the displacement of roofs, overturned campers, and scattered furniture in Florida.

India and Nepal have decided to strengthen the power transmission systems between the two countries and help each other to progress in the energy sector, according to a statement issued by the Indian Embassy in Nepal. The statement came two days after the Nepal-India Joint Steering Committee (JSC) on Power Sector Cooperation meeting concluded in Chitwan district of central Nepal on Friday and was followed by the signing of the agreement on Long Term Power Trade between the two nations.

Delhi's peak winter power demand to an all-time high of 5,559 MW on Friday at 11.05 am, according to real-time data from the State Load Dispatch Centre. The previous highest peak demand in the national capital was 5,526 MW on January 6, 2023. BRPL (BSES Rajdhani Power Limited) and BYPL (BSES Yamuna Power Limited) successfully met peak power demand of 2,379 MW and 1,136 MW respectively in their areas, said a BSES spokesperson.

Delhi pushed the national capital's peak winter power demand to an all-time high of 5,559 MW on Friday, discom officials said. According to real-time data from the State Load Dispatch Centre, Delhi's peak winter power demand clocked 5,559 MW at 11.05 am.

Delhi Winter: Cold is expected to persist in Delhi for the next three days as the city recently witnessed its coldest day conditions in two years. A layer of lifted fog throughout the day, coupled with frosty northerly winds, contributed to the chill, with the maximum temperature at Safdarjung plummeting to 12.5 degrees Celsius, marking a 'severe cold day' as per the Indian Meteorological Department.

GE Power India Ltd.(up 11.70%), Transformers & Rectifiers(India)Ltd.(up 6.37%), Indo Tech Transformers Ltd.(up 4.99%), Power and Instrumentation(Gujarat)Ltd.(up 4.94%), Suzlon Energy Ltd.(up 4.90%), RattanIndia Power Ltd.(up 4.52%), NHPC Ltd.(up 4.19%), Reliance Power Ltd.(up 3.28%), CESC Ltd.(up 2.78%) and Torrent Power Ltd.(up 2.32%) stood among the top gainers. KKV Agro Powers Ltd.(down 10.00%), GE T&D India Ltd.(down 3.51%), NLC India Ltd.(down 2.49%), Inox Wind Ltd.(down 1.53%), JSW Energy Ltd.(down 1.48%), Voltamp Transformers Ltd.(down 1.36%), Adani Energy Solutions Ltd.(down 1.33%), Adani Power Ltd.(down 1.33%), Inox Wind Energy Ltd.(down 1.18%) and Adani Green Energy Ltd.(down 1.09%) were among the top losers of the day.

Buy or sell stocks for today: Despite mixed trends from the Asian stock market, Dalal Street bounced back on Thursday after losing two days in a row. The nifty 50 index gained 141 points and closed at 21,658 levels, BSE Sensex surged 490 points and ended at the 71,847 mark whereas the Nifty Bank index finished 490 points higher at 48,195 levels.

Tesla Power India today announced the launch of ReStore, which it said is India's first and foremost refurbished battery brand. The company is planning to launch 5000 «ReStore Battery Refurbishing Centers» in India by 2025 (500 of which are already operational). The company said that its proprietary EBEP technology significantly extends the lifespan of all types of Lead acid batteries, including tall tubular inverter batteries and UPS VRLA batteries, offering a cost-effective solution that can extend the battery's life by 1 to 2 years by refurbishing them.

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Officials with New Mexico’s largest electric utility say a proposed multibillion-dollar merger with a U.S. subsidiary of global energy giant Iberdrola has been scuttled

KPI Green Energy(up 10.00%), Kalpataru Projects International(up 7.85%), Transformers and Rectifiers(India)(up 7.60%), Inox Wind Energy(up 5.00%), Alstom T&D India(up 5.00%), Indo Tech Transformers(up 4.99%), Power & Instrumentation(Gujarat)(up 4.91%), Reliance Power(up 4.25%), Jaiprakash Power Ventures(up 3.72%) and Inox wind(up 2.96%) stood among the top gainers. Energy Development Company(down 1.66%), Gujarat Industries Power(down 1.58%), PTC India(down 1.17%), NTPC(down 0.88%), Power Grid Corporation of India(down 0.79%), NHPC(down 0.54%), DPSC(down 0.51%), GE Power India Limited(down 0.48%), SJVN(down 0.38%) and KEC International(down 0.28%) were among the top losers of the day.

Public broadcaster NHK reported that a one-meter-high tsunami wave struck parts of Japan’s west coast along the Sea of Japan, with expectations of a larger wave following a 7.6 magnitude earthquake in north-central Japan earlier today. The Japan Meteorological Agency issued a tsunami warning for Ishikawa, Niigata, and Toyama prefectures’ western coastal regions.

Orient Green Power Company(up 2.67%), Power & Instrumentation(Gujarat)(up 2.54%), GE Power India Limited(up 1.44%), Jaiprakash Power Ventures(up 0.71%), NTPC(up 0.56%), Voltamp Transformers(up 0.53%), Reliance Power(up 0.42%), Transformers and Rectifiers(India)(up 0.35%), KEC International(up 0.17%) and Power Grid Corporation of India(up 0.06%) were among the top gainers. Energy Development Company(down 5.01%), KPI Green Energy(down 3.66%), CESC(down 2.81%), SJVN(down 2.31%), Suzlon Energy(down 1.98%), PTC India(down 1.50%), DPSC(down 1.50%), Tata Power Company(down 1.47%), NHPC(down 1.45%) and Alstom T&D India(down 1.44%) were among the top losers.

Tata Power on Monday said its subsidiary Tata Power EV Charging Solutions has inked an agreement with India Oil Corporation Ltd (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, a statement said.

Tata Power said on Monday that its unit Tata Power EV Charging Solutions Limited has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, the company said in a statement.