County Power Financial News

KKV Agro Powers Ltd.(up 8.68%), Ravindra Energy Ltd.(up 5.00%), Tata Power Company Ltd.(up 1.86%), JSW Energy Ltd.(up 0.84%), Voltamp Transformers Ltd.(up 0.47%), Jyoti Structures Ltd.(up 0.36%), RattanIndia Power Ltd.(up 0.14%), Adani Green Energy Ltd.(up 0.11%), Inox Wind Energy Ltd.(up 0.01%) and KEC International Ltd.(up 0.01%) were among the top gainers.

earnings season is underway and as many as 182 companies will declare their results this week. Some of the marquee names include ICICI Bank, YES Bank, ITC, Bajaj Housing Finance, HUL, Ultratech Cement, Bajaj Finance, Bajaj Finserv, IndiGo, Paytm, and Zomato among others. Here are the key earnings to watch out next week

Karti Chidambaram and others in connection with alleged bribery in facilitating visas of Chinese nationals for a power company in 2011 when his father P Chidambaram was the Union home minister, officials said on Thursday. In its charge sheet submitted before a special court here, the CBI has named Karti Chidambaram, the Lok Sabha MP from Sivaganga, his alleged close associate S Bhaskararaman, company Talawandi Sabo Power Ltd (TSPL), a subsidiary of Vedanta and Mumbai-based Bell Tools, through which bribes were allegedly routed, they said. The agency has invoked charges of criminal conspiracy, cheating, and forgery under the Indian Penal Code and provisions of the Prevention of Corruption Act, they said. Other charge-sheeted accused include Viral Mehta, Anup Agarwal, Mansoor Siddiqui and Chetan Shrivastava, they said.

Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), Jyoti Structures Ltd.(up 4.92%), Voltamp Transformers Ltd.(up 4.48%), Inox Wind Ltd.(up 4.22%), GE T&D India Ltd.(up 3.83%), CESC Ltd.(up 3.59%), Adani Energy Solutions Ltd.(up 2.27%), GE Power India Ltd.(up 1.96%) and Reliance Power Ltd.(up 1.93%) stood among the top gainers.

TQM practices also played an important role in reducing aggregate technical and commercial losses (AT&C) of Tata Power Delhi Distribution (Tata Power DDL) by 30 per cent in the past five years to 5.9 per cent as of March 2024, a company statement said.

Flockerz ($FLOCK) is off to a flying start, raising a quick $400,000 in its ICO’s first month.

Reliance Power and Reliance Infrastructure will be in focus on Thursday as the Anil Ambani-run group announced that it will develop solar and hydroelectric power projects in Bhutan. The conglomerate said that will partner with Druk Holding and Investments Ltd. (DHI), the commercial and investment arm of the Royal Government of Bhutan, to jointly develop 500 MW of Solar and 770 MW of Hydropower projects in Bhutan.

ICICI Securities has buy call on Adani Energy Solutions with a target price of Rs 1,318. The current market price of Adani Energy Solutions is Rs 1010.2. Adani Energy Solutions Ltd., incorporated in the year 2013, is a Large Cap company (having a market cap of Rs 121227.44 Crore) operating in Power sector. Adani Energy Solutions key Products/Revenue Segments include Traded Goods, Sale of services and Income From Construction Work for the year ending 31-Mar-2024.

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Kalpataru Projects International Ltd.(up 6.55%), SJVN Ltd.(up 6.24%), Reliance Power Ltd.(up 4.99%), NLC India Ltd.(up 4.90%), GE T&D India Ltd.(up 4.86%), NHPC Ltd.(up 2.05%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Tata Power Company Ltd.(up 1.99%), GE Power India Ltd.(up 1.96%) and Jyoti Structures Ltd.(up 1.78%) stood among the top gainers.

India Power Corporation Ltd.(up 9.96%), Ravindra Energy Ltd.(up 5.00%), KPI Green Energy Ltd.(up 5.00%), GE T&D India Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 4.79%), Hitachi Energy India Ltd.(up 4.28%), Power Grid Corporation of India Ltd.(up 3.92%), KEC International Ltd.(up 3.66%), CESC Ltd.(up 2.58%) and Power and Instrumentation(Gujarat)Ltd.(up 2.00%) stood among the top gainers.

Ravindra Energy Ltd.(up 5.00%), KPI Green Energy Ltd.(up 5.00%), Reliance Power Ltd.(up 4.99%), NLC India Ltd.(up 3.62%), Torrent Power Ltd.(up 3.55%), Tata Power Company Ltd.(up 2.33%), Adani Energy Solutions Ltd.(up 2.15%), Power Grid Corporation of India Ltd.(up 2.01%), Voltamp Transformers Ltd.(up 1.59%) and KEC International Ltd.(up 1.27%) were among the top gainers.

Subscribe to enjoy similar stories. New Delhi: New York-based alternative investment firm Stonepeak has emerged as the fourth shortlisted bidder to submit a binding offer to buy O2 Power, a renewable energy platform in India. The deal, which may rank among the largest green energy transactions in the country, is expected to have an equity value of around $1 billion and an enterprise value around $2.3 billion, said two people aware of the development.

Power Grid Corporation of India with a target price of Rs 425. The current market price of Power Grid Corporation of India is Rs 345.4. Power Grid Corporation of India Ltd., incorporated in the year 1989, is a Large Cap company (having a market cap of Rs 319801.26 Crore) operating in Power sector.

Tata Power Company with a target price of Rs 530. The current market price of Tata Power Company Ltd. is Rs 461.05. Tata Power Company Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of Rs 148199.85 Crore) operating in Power sector.

West Bengal government and Centre over release of water from reservoirs of Damodar Valley Corporation, state Power secretary Santanu Basu has stepped down from the board of DVC, officials said on Sunday. The Chief Engineer, Irrigation and Waterways of West Bengal has also quit the Damodar Valley Reservoir Regulation Committee (DVRRC), they said. Basu in an email to DVC chairman on September 21 said, «In view of the unprecedented and uncontrolled release of water by the DVC from its dam systems, leading to widespread inundation causing immense sufferings to the people in vast areas of the state, I do hereby tender my resignation as the member of state from the board of DVC.»

Subscribe to enjoy similar stories. Breakout stocks to buy or sell: After showing range-bound action in the last few sessions, the Indian stock market shifted into high volatility on Wednesday. The Nifty 50 index lost 41 points and closed at 25,377, the BSE Sensex shed 131 points and finished at 82,948, and the Bank Nifty index ended 561 points higher at 52,750.

Opponents of offshore wind around the U.S. are pelting the projects with lawsuits, seeking to cancel them or tie them up for years in costly litigation

Adani Power with a target price of Rs 755. The current market price of Adani Power Ltd. is Rs 666. Adani Power Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 244317.80 Crore) operating in Power sector.

Ravindra Energy Ltd.(up 5.00%), Inox Wind Ltd.(up 3.72%), Inox Wind Energy Ltd.(up 2.86%), KEC International Ltd.(up 2.72%), GE Power India Ltd.(up 2.15%), GE T&D India Ltd.(up 1.92%), JSW Energy Ltd.(up 1.89%), Jyoti Structures Ltd.(up 1.87%), Gujarat Industries Power Company Ltd.(up 1.54%) and Torrent Power Ltd.(up 1.52%) were among the top gainers.

₹2,700 crore. I Squared Capital has also set up a climate solutions platform—Hexa Climate Solutions—with Amplus founder Sanjeev Aggarwal wherein the New York-based private equity fund will invest around $500 million.