County Power Financial News

₹945 crore. June quarter marks the fifth consecutive quarter of subdued revenue performance with growth being flattish in FY24 after two years of strong show. In the March quarter earnings call, Bata’s management had said it was seeing initial signs of demand recovery.

Inox Wind with a target price of Rs 205. The current market price of Inox Wind Ltd. is Rs 185.6. Inox Wind Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 22716.00 Crore) operating in Power sector.

KPI Green Energy Ltd.(up 5.00%), Torrent Power Ltd.(up 2.53%), Reliance Power Ltd.(up 2.34%), GE Power India Ltd.(up 2.28%), Suzlon Energy Ltd.(up 2.08%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Karma Energy Ltd.(up 1.98%), JSW Energy Ltd.(up 1.61%), Adani Energy Solutions Ltd.(up 1.60%) and NLC India Ltd.(up 1.56%) were among the top gainers.

Tata Power Company Ltd is scouting for more public-private hydropower projects in Bhutan, Praveer Sinha, chief executive officer, and managing director, said. On Tuesday, Tata Power announced that it has partnered with Druk Green Power Corporation Limited to develop the 600 MW Khorlochhu Hydropower Project in Bhutan with 40% equity investment. The estimated project cost is ₹6,900 crore. The cost of acquiring 40% equity is ₹830 crore, the company added. No Indian governmental or regulatory approvals are required for the transaction. «The hydro project with Bhutan is a game changer. This may be the beginning of many more such projects in Bhutan. We may look at three to four projects over the next five to seven years,» said Sinha. The company said it is working towards large-scale round-the-clock availability of power by harnessing the vast potential of hydropower through the development of the 600 MW Khorlochhu power project and its upcoming 2800 MW pumped hydro storage plants in Maharashtra.

Congress «propaganda» for deterring private investment is «sheer desperation», the party said on Thursday while hitting out at Finance Minister Nirmala Sitharaman for her remarks attacking the opposition. In an apparent attack on the Opposition, Sitharaman said conspiracy is being carried out to damage India's image and give a message to foreign investors that the country is not safe for investment.

Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja and Bank of Baroda. Apart from the above, companies like Aster DM Healthcare, Barbeque Nation, Deccan Healthcare, Dynamic Cables, IIFL Securities, Mankind Pharma, The Phoenix Mills, Thomas Cook, ZEE among others will also declare their first quarter results.

Maruti, M&M, Tata Consumer, Adani Energy, Vedanta will be in focus due to various news developments and first quarter results. Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, BoB

Adani Green Energy Ltd.(up 6.09%), GE Power India Ltd.(up 5.00%), RattanIndia Power Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), Power and Instrumentation(Gujarat)Ltd.(up 5.00%), Karma Energy Ltd.(up 4.99%), Reliance Power Ltd.(up 4.99%), Energy Development Company Ltd.(up 4.99%), GE T&D India Ltd.(up 4.83%) and Inox Wind Energy Ltd.(up 2.80%) stood among the top gainers.

Power and Instrumentation(Gujarat)Ltd.(up 5.00%), Voltamp Transformers Ltd.(up 4.76%), India Power Corporation Ltd.(up 3.66%), Inox Wind Energy Ltd.(up 2.84%), NTPC Ltd.(up 2.43%), Tata Power Company Ltd.(up 2.40%), SJVN Ltd.(up 2.33%), Power Grid Corporation of India Ltd.(up 1.93%), RattanIndia Power Ltd.(up 1.58%) and Transformers & Rectifiers(India)Ltd.(up 1.55%) stood among the top gainers.

Indo Tech Transformers Ltd.(up 4.90%), GE Power India Ltd.(up 4.62%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), Kalpataru Projects International Ltd.(up 1.49%), PTC India Ltd.(up 0.71%) and Adani Energy Solutions Ltd.(up 0.03%) stood among the top gainers.

KPI Green Energy Ltd.(up 5.01%), Karma Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), JSW Energy Ltd.(up 0.63%) and KEC International Ltd.(up 0.43%) stood among the top gainers.

KEC International shares climbed 6% to Rs 940 in Thursday's trade on BSE after the firm secured new orders of Rs 1,100 crore for transmission & distribution (T&D) projects in India, Middle East, Australia and the America. The projects include 765 kV Transmission line and 765 kV GIS substation orders in India, from Power Grid Corporation of India Limited (PGCIL). The company also secured orders for a 132 kV transmission line in the United Arab Emirates (UAE), the supply of towers in Australia and the Americas, and the supply of Hardware and Poles in America.

Karma Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), KPI Green Energy Ltd.(up 4.87%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), KEC International Ltd.(up 1.98%), Torrent Power Ltd.(up 0.52%) and India Power Corporation Ltd.(up 0.24%) were among the top gainers.

India Power Corporation Ltd.(up 10.00%), NLC India Ltd.(up 6.69%), Karma Energy Ltd.(up 5.00%), KPI Green Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), Indowind Energy Ltd.(up 4.99%), Reliance Power Ltd.(up 4.98%), Gujarat Industries Power Company Ltd.(up 4.15%), Energy Development Company Ltd.(up 2.94%) and Inox Wind Energy Ltd.(up 2.87%) stood among the top gainers.

On the BSE, Sheetal Cool(down 10.85 per cent), Reetech Intnl. Cargo (down 10.42 per cent), GE Power India (down 9.99 per cent), Ascensive Educare(down 9.98 per cent) and Suryo Foods Ind(down 9.98 per cent) stood among the top losers in today's trade.

Shares of Brigade Enterprises Ltd.(up 4.1 per cent), Godrej Properties Ltd.(up 1.38 per cent), Sobha Ltd.(up 1.0 per cent), Oberoi Realty Ltd.(up 0.35 per cent) and Sunteck Realty Ltd.(up 0.25 per cent) ended the day as top gainers in the pack.

CESC Ltd.(up 5.74%), Karma Energy Ltd.(up 5.00%), Energy Development Company Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.71%), Adani Power Ltd.(up 3.86%), GE Power India Ltd.(up 3.74%), Jaiprakash Power Ventures Ltd.(up 3.27%), Torrent Power Ltd.(up 3.08%), Kalpataru Projects International Ltd.(up 2.44%) and KPI Green Energy Ltd.(up 2.39%) stood among the top gainers.

GE Power India Ltd.(up 5.85%), Indowind Energy Ltd.(up 4.98%), Hitachi Energy India Ltd.(up 3.38%), PTC India Ltd.(up 2.93%), GE T&D India Ltd.(up 2.26%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), SJVN Ltd.(up 1.83%), JSW Energy Ltd.(up 1.74%), Inox Wind Energy Ltd.(up 1.73%) and Gujarat Industries Power Company Ltd.(up 1.66%) were among the top gainers.

Bloomberg's Mark Gurman in the Power On newsletter, Apple may introduce a premium tier called "Apple Intelligence+" that offers exclusive AI features for a monthly fee, akin to its existing subscription services like iCloud and Apple Music.The move comes amid a strategic pivot by Apple to bolster its software and services offerings amidst a plateau in hardware sales growth. Factors contributing to this shift include slower device upgrade cycles, less pronounced hardware innovation, and increased durability of devices.Apple's partnership with OpenAI, which reportedly includes revenue-sharing from AI subscription services, underscores its commitment to leveraging AI to drive future revenue growth.

Zimbabwe pulled off an upset of massive proportions when they stunned an Indian team brimming with an array of Next-Gen stars by 13 runs in the first T20I of the five-match series here on Saturday. India, who were recently crowned champions in the T20 World Cup albeit with a different set of players, were expected to trot past an unfancied Zimbabwe and the script followed that line when the hosts were restricted to 115 for nine. But from there, Zimbabwe wrote their own narrative, reducing India to 28 for four in the Power Play and then eventually bowled them out for 102 in 19.5 overs. Pacer Tendai Chatara (3/16) and skipper Sikandar Raza (3/25) led the home side bowling with aplomb.

KPI Green Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.95%), Karma Energy Ltd.(up 3.97%), Energy Development Company Ltd.(up 3.50%), GE Power India Ltd.(up 2.63%), Hitachi Energy India Ltd.(up 2.63%), Voltamp Transformers Ltd.(up 2.41%), NHPC Ltd.(up 2.16%) and Inox Wind Ltd.(up 1.25%) stood among the top gainers.