County Power Financial News

Shares of Aurobindo Pharma Ltd.(up 3.15 per cent), Torrent Pharmaceuticals Ltd.(up 2.09 per cent), Alkem Laboratories Ltd.(up 1.99 per cent), Granules India Ltd.(up 1.62 per cent) and Divi's Laboratories Ltd.(up 1.48 per cent) ended the day as top gainers in the pack. On the other hand, Laurus Labs Ltd.(down 1.06 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(down 0.71 per cent) and Sanofi India Ltd.(down 0.04 per cent) finished as the top losers of the day.

GE Power India Limited(up 19.99%), GE T&D India Ltd.(up 5.00%), Karma Energy(up 4.99%), Orient Green Power Company Ltd.(up 4.99%), RTNPOWER(up 4.93%), KEC International Ltd.(up 2.38%), Kalpataru Projects International(up 1.90%), NHPC Ltd.(up 1.74%), PTC India Ltd.(up 1.65%) and Inox Wind Energy(up 1.33%) stood among the top gainers. India Power Corporation Ltd.(down 2.06%), Jaiprakash Power Ventures Ltd.(down 2.03%), Gujarat Industries Power Company Ltd.(down 1.89%), Energy Development Company Ltd.(down 1.69%), Voltamp Transformers(down 1.54%), KPI Green Energy(down 1.16%), Adani Energy Solutions(down 0.80%), Transformers and Rectifiers(India)(down 0.59%), Adani Power(down 0.58%) and Adani Green Energy Ltd.(down 0.56%) were among the top losers of the day.

Shares of L&T Technology Services Ltd.(up 0.49 per cent) and Tata Consultancy Services Ltd.(up 0.13 per cent) ended the day as top gainers in the pack. On the other hand, MphasiS Ltd.(down 1.69 per cent), Infosys Ltd.(down 0.5 per cent), Coforge Ltd.(down 0.45 per cent), Wipro Ltd.(down 0.42 per cent) and Tech Mahindra Ltd.(down 0.36 per cent) finished as the top losers of the day.

Domestic benchmark index NSE Nifty gained 31.95 points to 19797.15, while the BSE Sensex traded 17.93 points up at 66000.41. On the other hand, GE Power India, Starteck Finance, Creative Peripherals, Naga Dhunseri Group and Bang Overseas stocks hit their fresh 52-week highs today.

Au Small Finance Bank Ltd.(up 0.73 per cent) and Kotak Mahindra Bank Ltd.(up 0.04 per cent) were among the top gainers. IDFC First Bank Ltd.(down 3.33 per cent), State Bank of India(down 2.98 per cent), Axis Bank Ltd.(down 2.87 per cent), Punjab National Bank(down 2.51 per cent) and Bandhan Bank Ltd.(down 0.99 per cent) were the top losers on the index.

Buy or sell stocks for today: Witnessing sell off in late hours, Indian stock market ended close to its intraday low on Monday. Nifty 50 index finished 82 points lower at 19,443 levels, BSE Sensex gained 325 points and closed at 64,933 mark whereas Bank Nifty index added 105 points and ended at 43,891 levels. Volumes on the NSE were at the lower end of the range.

NEW DELHI : Italy’s Enel Group is looking to sell its entire renewable energy business in India and has hired HSBC for the transaction, two people aware of the development said. The proposed deal may have an equity value of around $300 million, the people said. The portfolio of Enel Green Power India comprises 760 megawatts (MW) of operational wind and solar power assets and a development pipeline of 2 gigawatts (GW).

Dalal Street welcomed Samvat 2080 in good spirits, as benchmark indices gained half a percentage points during the special Muhurat Trading session on Sunday. The 50-stock Nifty settled above the 19500-mark at 19525.55 points, up 100.20 points or 0.5% from the previous session. The 30-stock Sensex gained about 355 points or 0.5% to settle at 65259.45 points.

GE Power India on Thursday reported a loss of Rs 61.99 crore before exceptional items in the September quarter.

DPSC(up 7.60%), Jaiprakash Power Ventures(up 5.42%), Reliance Power(up 4.89%), Orient Green Power Company(up 4.79%), RTNPOWER(up 4.52%), KPI Green Energy(up 2.82%), Adani Power(up 1.55%), JSW Energy(up 1.12%), Suzlon Energy(up 1.07%) and KEC International(up 0.84%) were among the top gainers. Tata Power Company(down 2.31%), Inox wind(down 1.99%), SJVN(down 1.56%), Alstom T&D India(down 1.45%), GE Power India Limited(down 1.40%), Hitachi Energy India(down 1.13%), Karma Energy(down 0.87%), ADANIGREEN(down 0.60%), Adani Energy Solutions(down 0.38%) and Inox Wind Energy(down 0.25%) were among the top losers.

Power Finance Corporation: State-owned Power Finance Corporation (PFC) on Wednesday posted a nearly 27% rise in its consolidated net profit to ₹6,628.17 crore in the July-September quarter compared to a year ago. The consolidated net profit of the company was ₹5,229.33 crore in the quarter ended on September 30, 2022, a BSE filing showed. Total income rose to ₹22,403.69 crore in the quarter from ₹19,344.39 crore in the same period a year ago.

Tata Power) total installed power capacity will be green by FY26, said CEO and MD Praveer Sinha on Wednesday, adding that the company does not plan to add any new thermal power capacity. «Currently, our clean energy portfolio is 5,500 MW. We have another 3,700 MW of renewable projects under implementation.

NLC India(up 7.51%), Karma Energy(up 4.93%), Jyoti Structures(up 4.80%), Orient Green Power Company(up 4.70%), CESC(up 4.08%), Adani Power(up 2.50%), Gujarat Industries Power(up 2.36%), Tata Power Company(up 2.06%), NHPC(up 1.99%) and RTNPOWER(up 1.97%) stood among the top gainers. Jaiprakash Power Ventures(down 2.46%), GE Power India Limited(down 1.43%), Reliance Power(down 1.21%), Energy Development Company(down 1.06%), Transformers and Rectifiers(India)(down 1.05%), NTPC(down 1.02%), Inox Wind Energy(down 0.94%), Voltamp Transformers(down 0.74%), Kalpataru Projects International(down 0.68%) and Alstom T&D India(down 0.68%) were among the top losers of the day.

Bangladesh, Sheikh Hasina will jointly inaugurate three Indian-assisted development projects on November 1, 2023, at around 11 am via video conferencing, an official statement from Prime Minister's Office (PMO) said. The three projects are the Akhaura-Agartala Cross-Border Rail Link; Khulna-Mongla Port Rail Line; and Unit — II of the Maitree Super Thermal Power Plant. The Akhaura-Agartala Cross-Border Rail Link project has been executed under the Government of India grant assistance of INR 392.52 crore extended to Bangladesh. The length of the rail link is 12.24 km with a 6.78 km Dual Gauge rail line in Bangladesh and 5.46 km in Tripura, the PMO's statement added. The Khulna-Mongla Port Rail Line Project has been implemented under the Government of India's concessional Line of Credit with a total project cost of USD 388.92 million.

₹1,390 crore in the September quarter due to lower tax liabilities and a fall in other expenses during the quarter. The Naveen Jindal-led company's consolidated net revenue, however, fell 9.2% to ₹12,282 crore in the quarter. “We are happy to see our coal mines finally starting.

Hyderabad bench of National Company Law Tribunal (NCLT) has initiated insolvency proceedings against GVK Gautami Power Ltd, according to a regulatory filing. In the filing, GVK Power & lnfrastructure Ltd (GVKPIL) said GVK Gautami Power Ltd is its step-down subsidiary.

Omega Seiki Mobility a leading electric vehicle maker has inked a strategic partnership with Honda Power Pack Energy India to incorporate its swappable battery technology in its electric three-wheelers.

Indowind Energy(up 4.86%), RTNPOWER(up 4.83%), Jaiprakash Power Ventures(up 4.19%), GE Power India Limited(up 3.32%), Adani Power(up 3.14%), Energy Development Company(up 3.12%), Reliance Power(up 2.75%), Alstom T&D India(up 2.57%), Suzlon Energy(up 2.10%) and JSW Energy(up 1.64%) stood among the top gainers. KPI Green Energy(down 2.09%), Karma Energy(down 2.01%), Inox wind(down 1.49%), KEC International(down 1.15%), NTPC(down 1.03%), Adani Energy Solutions(down 0.72%), Transformers and Rectifiers(India)(down 0.69%), ADANIGREEN(down 0.64%), PTC India(down 0.61%) and Torrent Power(down 0.56%) were among the top losers of the day.

equities lost steam as inflation and rate hike concerns resurfaced. Despite the noise around macroeconomic risks, one thing that investors have kept their faith on is the domestic growth story. A glimpse of this could be seen in the strong inflows in thematic/sectoral funds.

Indowind Energy(up 4.86%), RTNPOWER(up 4.83%), Jaiprakash Power Ventures(up 4.71%), Energy Development Company(up 4.68%), GE Power India Limited(up 3.12%), Suzlon Energy(up 2.42%), NLC India(up 1.36%), Adani Power(up 1.29%), Orient Green Power Company(up 1.09%) and Inox Wind Energy(up 0.79%) were among the top gainers. Torrent Power(down 2.29%), Alstom T&D India(down 1.88%), PTC India(down 1.26%), Kalpataru Projects International(down 1.19%), Voltamp Transformers(down 1.02%), SJVN(down 0.88%), Power Grid Corporation of India(down 0.87%), Hitachi Energy India(down 0.68%), KEC International(down 0.67%) and KPI Green Energy(down 0.66%) were among the top losers.

Narendra Modi, on Wednesday approved the project on Green Energy Corridor (GEC) Phase-II — Inter-State Transmission System (ISTS) for 13 gigawatt renewable energy project in Ladakh. The project is targeted to be set up by financial 2029-30 with a total estimated cost of Rs 20,773.70 crore and central financial assistance at 40 per cent of the project cost — Rs 8,309.48 crore. Keeping in view the complex terrain, adverse climatic conditions and defence sensitivities of the Ladakh region, Power Grid Corporation of India Limited (POWERGRID) will be the implementing agency for this project. The transmission line for evacuating this to-be-produced power will pass through Himachal Pradesh and Punjab up to Kaithal in Haryana, where it will be integrated with the national grid. An interconnection is also planned from this project in Leh to the existing Ladakh grid so as to ensure a reliable power supply to Ladakh. «It will also be connected to the Leh-Alusteng-Srinagar line to provide power to Jammu and Kashmir.