County Power Financial News

Gujarat Industries Power(up 7.80%), Tata Power Company(up 3.33%), Suzlon Energy(up 3.26%), GE Power India Limited(up 2.88%), NTPC(up 2.34%), SJVN(up 2.23%), CESC(up 2.04%), Inox wind(up 1.94%), Jaiprakash Power Ventures(up 1.88%) and Power Grid Corporation of India(up 1.84%) were among the top gainers. Alstom T&D India(down 3.34%), KPI Green Energy(down 2.65%), Energy Development Company(down 1.69%), Voltamp Transformers(down 1.13%), Karma Energy(down 0.66%), ADANIGREEN(down 0.66%), Kalpataru Projects International(down 0.60%), Adani Power(down 0.30%) and KEC International(down 0.12%) were among the top losers. The NSE Nifty50 index was trading 86.65 points up at 19340.45, while the 30-share BSE Sensex was up 222.98 points at 65054.39 at around 11:20AM. Oil And Natural Gas Corporation Ltd.(up 5.16%), Tata Steel Ltd.(up 3.66%), Coal India Ltd.(up 2.78%), Hindalco Industries Ltd.(up 2.69%), SBI Life Insurance Company Ltd.(up 2.42%), NTPC Ltd.(up 2.31%), JSW Steel Ltd.(up 2.26%), Maruti Suzuki India Ltd.(up 1.94%), Power Grid Corporation of India Ltd.(up 1.9%) and Bajaj Auto Ltd.(up 1.72%) were among the top gainers in the Nifty pack. On the other hand, Asian Paints Ltd.(down 0.92%), Britannia Industries Ltd.(down 0.61%), Cipla Ltd.(down 0.5%), Divi's Laboratories Ltd.(down 0.43%), Dr.

(Reuters) — Over 300,000 homes and businesses were still without power along the U.S. East Coast from Florida to North Carolina after hurricane Idalia battered the region overnight, according to data from power outage tracker PowerOutage.us.

Karma Energy(up 5.00%), RTNPOWER(up 4.62%), Alstom T&D India(up 4.14%), Voltamp Transformers(up 3.02%), Kalpataru Projects International(up 2.91%), KEC International(up 1.63%), GE Power India Limited(up 1.46%), NLC India(up 1.36%), DPSC(up 1.08%) and PTC India(up 0.83%) stood among the top gainers. Reliance Power(down 5.20%), Suzlon Energy(down 5.03%), ADANIGREEN(down 4.31%), Adani Energy Solutions(down 3.53%), Inox wind(down 3.27%), Transformers and Rectifiers(India)(down 2.78%), Adani Power(down 2.16%), Jaiprakash Power Ventures(down 1.84%), JSW Energy(down 1.64%) and NHPC(down 1.47%) were among the top losers of the day. The NSE Nifty50 index ended 93.65 points down at 19253.8, while the 30-share BSE Sensex closed down 255.84 points at 64831.41. Maruti Suzuki India Ltd.(up 2.11%), Cipla Ltd.(up 1.73%), HDFC Life Insurance Company Ltd.(up 1.2%), Titan Company Ltd.(up 0.72%), Hindalco Industries Ltd.(up 0.67%), Tata Steel Ltd.(up 0.65%), Coal India Ltd.(up 0.56%), Tech Mahindra Ltd.(up 0.39%), LTIMindtree Ltd.(up 0.38%) and UltraTech Cement Ltd.(up 0.38%) stood among the top gainers in the Nifty pack. On the other hand, Adani Enterprises Ltd.(down 3.73%), Bharat Petroleum Corporation Ltd.(down 3.23%), Adani Ports & Special Economic Zone Ltd.(down 3.23%), Eicher Motors Ltd.(down 2.03%), Britannia Industries Ltd.(down 1.82%), Tata Consumer Products Ltd.(down 1.65%), UPL Ltd.(down 1.45%), Bajaj Finance Ltd.(down 1.44%), Bajaj Auto Ltd.(down 1.3%) and Apollo Hospitals Enterprise Ltd.(down 1.23%) closed in the red.

BSE Sensex rally 13% in a span of 5 months and scale to all-time highs in July. But a closer look suggested that FII dollars chased midcap stocks much more than the large cap stocks. In 5 months, the S&P BSE Midcap index has gained a whopping 29%, thanks to the steady rise in the holdings of FIIs. The value of FII holding in stocks that are part of the BSE Midcap index increased by a sharp Rs 1.8 lakh crore sequentially in the quarter ended June, data analysed by ETMarkets showed. On the contrary, the value of their holding in smallcap stocks declined sequentially by over Rs 1,200 crore.Big GainersREC was one of the best performing stocks in the midcap space, as the stock turned a multibagger in just 5 months. FIIs have raised their holding in REC for two consecutive quarters.

Electricite du Laos (EDL), the state-run power distribution company, has announced a major cut to crypto mining firms in the country, swerving from its pro-crypto stance since 2021.

RTNPOWER(up 8.41%), Jaiprakash Power Ventures(up 6.58%), Suzlon Energy(up 4.91%), Alstom T&D India(up 3.69%), Transformers and Rectifiers(India)(up 3.21%), KPI Green Energy(up 2.07%), Gujarat Industries Power(up 1.85%), Inox Wind Energy(up 1.49%), GE Power India Limited(up 1.45%) and Power Grid Corporation of India(up 1.36%) were among the top gainers. Indo Tech Transformers(down 3.08%), Adani Power(down 1.42%), Orient Green Power Company(down 1.41%), Inox wind(down 1.32%), Adani Energy Solutions(down 1.22%), ADANIGREEN(down 0.77%), Voltamp Transformers(down 0.58%), Indowind Energy(down 0.38%), Energy Development Company(down 0.31%) and Karma Energy(down 0.23%) were among the top losers. The NSE Nifty50 index was trading 57.45 points up at 19323.25, while the 30-share BSE Sensex was up 181.15 points at 65067.66 at around 11:20AM. Cipla(up 2.12%), Bharat Petroleum Corporation(up 1.84%), Larsen & Toubro(up 1.53%), Mahindra & Mahindra(up 1.44%), Sun Pharmaceutical Industries(up 1.42%), Power Grid Corporation of India(up 1.36%), Maruti Suzuki(up 1.23%), HDFC Bank(up 0.9%), Coal India(up 0.81%) and UltraTech Cement(up 0.71%) were among the top gainers in the Nifty pack. On the other hand, Adani Enterprises(down 1.13%), Bajaj Finance(down 0.75%), Adani Ports & Special Economic Zone(down 0.64%), Bajaj Finserv(down 0.62%), Britannia Industries(down 0.53%), Bharti Airtel(down 0.46%), Nestle India(down 0.4%), Tech Mahindra(down 0.38%), Hindustan Unilever(down 0.33%) and HDFC LIFE INSURANCE(down 0.31%) were trading in the red.

The longest nationwide power outage in Kenyans’ memory remains a mystery as the government-owned power company blames a failure at Africa’s largest wind farm, which laid the responsibility on the power grid instead

Adani Power(up 4.54%), Transformers and Rectifiers(India)(up 3.96%), Indo Tech Transformers(up 3.71%), RTNPOWER(up 3.64%), Suzlon Energy(up 3.43%), Adani Energy Solutions(up 3.14%), Alstom T&D India(up 2.53%), ADANIGREEN(up 2.11%), GE Power India Limited(up 1.91%) and NHPC(up 1.68%) were among the top gainers. Karma Energy(down 2.12%), Jaiprakash Power Ventures(down 1.31%), Hitachi Energy India(down 0.75%), NLC India(down 0.45%), Indowind Energy(down 0.38%), JSW Energy(down 0.38%), Orient Green Power Company(down 0.34%), Energy Development Company(down 0.31%) and CESC(down 0.18%) were among the top losers. The NSE Nifty50 index was trading 114.45 points up at 19558.45, while the 30-share BSE Sensex was up 362.46 points at 65795.76 at around 10:09AM. Adani Enterprises(up 2.35%), Adani Ports & Special Economic Zone(up 1.94%), UltraTech Cement(up 1.83%), IndusInd Bank(up 1.68%), Larsen & Toubro(up 1.48%), ICICI Bank(up 1.33%), Bajaj Finserv(up 1.23%), Axis Bank(up 1.18%), TATA CONSUMER PRODUCTS(up 1.14%) and Bajaj Auto(up 1.02%) were among the top gainers in the Nifty pack. On the other hand, Hindalco Industries(down 0.14%), Eicher Motors(down 0.12%) and Divis Laboratories(down 0.07%) were trading in the red.

Barclays initiated coverage of 26 stocks within the U.S. Power & Utilities sector in a note Wednesday, taking a Neutral industry view.

New Delhi: The power ministry has directed imported coal-based power plants to operate at full capacity till 31 October, due to rising power demand. This directive was issued in February of this year, with an initial deadline of 15 June, which was later extended until September. This extension comes against the backdrop of the peak power demand in the country hitting fresh record highs this month.

NEW DELHI –The power ministry has directed imported coal-based power units to run at full capacity further till October in the backdrop of electricity demand smashing records in August. The ministry had in February directed the imported coal-based plants to run optimally till June 15 starting March 16, under section 11 of the Electricity Act in anticipation of higher demand in summer. It was then extended till September end. However, electricity demand met in India reached record highs this month touching 234 GW on August 17.

Adani Power(up 5.83%), KEC International(up 4.50%), Adani Transmissions(up 4.44%), Karma Energy(up 3.25%), ADANIGREEN(up 2.18%), NLC India(up 2.15%), Power Grid Corporation of India(up 1.93%), Voltamp Transformers(up 1.89%), GE Power India Limited(up 1.69%) and Tata Power Company(up 1.54%) were among the top gainers. Orient Green Power Company(down 4.24%), Indo Tech Transformers(down 3.82%), K.P.I.

GQG Partners raised its stake in Adani Ports And Special Economic Zone Ltd on August 17 to 5.03% after buying more shares, GQG said in a disclosure on Saturday. GQG Partners, which held a 4.93% stake in Adani Ports, acquired another 0.10% or 2.2 million shares of the company through a bulk deal, the disclosure made late on Saturday said. The investment comes after Deloitte quit as auditor for Adani Ports, in the first such move after U.S. short-seller Hindenburg Research's critical report on the Adani group that was published in January. The Adani group has denied all Hindenburg's allegations. Reuters reported last Wednesday that GQG partners bought an 8.1% stake in Adani Power for $1.1 billion via block deal.

Gautam Adani's power business, according to a report published by Economic Times. TAQA is the second-largest stock on Abu Dhabi Securities Exchange (ADX). On Wednesday, US-based boutique investment firm GQG Partners also invested USD 1.1 billion in Adani Power to pick up an 8.1% stake in the company.

Orient Green Power Company(up 4.32%), ADANIGREEN(up 4.10%), Adani Power(up 3.02%), Adani Transmissions(up 3.01%), JSW Energy(up 1.66%), NLC India(up 1.52%), PTC India(up 0.73%), KPI Green Energy(up 0.49%), Suzlon Energy(up 0.25%) and Kalpataru Projects International(up 0.14%) were among the top gainers. Karma Energy(down 4.12%), Transformers and Rectifiers(India)(down 3.08%), Indowind Energy(down 2.92%), Alstom T&D India(down 2.18%), GE Power India Limited(down 2.08%), Inox wind(down 2.03%), Inox Wind Energy(down 1.46%), Jaiprakash Power Ventures(down 1.37%), KEC International(down 0.94%) and Indo Tech Transformers(down 0.83%) were among the top losers.

Benchmark indices NSE Nifty 50 and BSE Sensex were trading in the red zone on Thursday. The NSE Nifty 50 plunged 104.95 points or 0.54% to 19,360.05 and BSE Sensex tanked 357.58 points or 0.55% to 65,181.84. In sectoral indices, Bank Nifty plunged 0.23%, Nifty Auto fell 0.40%, Nifty IT tumbled 0.39%, Nifty FMCG tanked 0.62%, Nifty Financial Services fell 0.23%, Nifty Media tumbled 0.62%, while Nifty PSU Bank gained 0.52%. HDFC Bank, Cochin Shipyard, ICICI Bank, Adani Enterprises, Reliance Industries, State Bank of India and Adani Ports & Special Economic Zone were among the most active stocks on the NSE.

Alstom T&D India(up 4.99%), Karma Energy(up 3.53%), RTNPOWER(up 2.13%), Adani Power(up 1.68%), Orient Green Power Company(up 1.67%), PTC India(up 1.36%), NHPC(up 1.21%), Reliance Power(up 1.19%), Energy Development Company(up 0.91%) and Indowind Energy(up 0.74%) were among the top gainers. Indo Tech Transformers(down 4.99%), JSW Energy(down 3.02%), Suzlon Energy(down 2.22%), Inox wind(down 1.49%), SJVN(down 1.13%), Power Grid Corporation of India(down 1.03%), GE Power India Limited(down 0.94%), Gujarat Industries Power(down 0.89%), Voltamp Transformers(down 0.85%) and ADANIGREEN(down 0.79%) were among the top losers.

₹288.25 apiece on the BSE. GQG Partners bought 31 crore shares of Adani Power in the largest ever secondary market equity deal.

Adani PowerGQG Partners along with other investors picked up 8.1% in Adani Power in a $1.1 billion deal.JSW EnergyGQG Partners Emerging Market Fund bought 10,284,024 shares or 0.6% stake in JSW Energy at Rs 341.70 apiece for Rs 351 crore.Read more: What changed the market while you were sleepingIndiGo The family of IndiGo's co-founder Rakesh Gangwal has sold partial stake in the budget carrier through bulk deals on Wednesday.CiplaThe FDA, Konkan Division, has ordered for suspension of FDA license issued to the company's manufacturing unit at Patalganga (Unit II) for a period of 10 days in December 2023 for non-conformance of good manufacturing practices.Religare EnterprisesInvestment Opportunities fund has sold 2.45 crore shares in the company through block deals on Wednesday.IIFL SecuritiesHamblin Watsa Investment Counsel has sold 1.2 crore shares or 3.9% stake in IIFL Securities in a block deal on Wednesday.Future RetailThe resolution professional of Future Retail has approached NCLT, seeking a further extension till September 15 to complete the corporate insolvency resolution process of the debt-ridden firm.Amara Raja BatteriesAmara Raja Batteries plans to expand into the two-wheeler electric vehicle market, first through chargers and then batteries, as part of an expansion to triple its lithium-ion business this financial year.LupinLupin said it has received approval from the US health regulator to market its generic Bromfenac Ophthalmic Solution used to treat post-operative inflammation in patients who have undergone cataract surgery.

By Isla Binnie

Adani Power to pick up 8.1% stake in company, said PTI in its news report. GQG Partners bought 31 crore shares of Adani Power in the largest ever secondary market equity deal, they said, adding that promoter Adani family sold the stake for over ₹9,000 crore.