County Power Financial News

Neueon Towers Ltd.(up 4.83%), KEC International Ltd.(up 3.50%), NTPC Ltd.(up 3.32%), JSW Energy Ltd.(up 3.27%), GE Power India Ltd.(up 2.33%), SJVN Ltd.(up 2.08%), Adani Green Energy Ltd.(up 1.93%), Tata Power Company Ltd.(up 1.68%), Power Grid Corporation of India Ltd.(up 1.49%) and Suzlon Energy Ltd.(up 0.99%) stood among the top gainers.

CESC Ltd.(up 5.20%), Neueon Towers Ltd.(up 4.72%), Hitachi Energy India Ltd.(up 3.38%), Inox Wind Energy Ltd.(up 2.01%), PTC India Ltd.(up 1.06%), Jaiprakash Power Ventures Ltd.(up 1.06%), KPI Green Energy Ltd.(up 0.92%), KEC International Ltd.(up 0.79%), Gujarat Industries Power Company Ltd.(up 0.55%) and Adani Energy Solutions Ltd.(up 0.54%) were among the top gainers.

Lok Sabha Speaker election today LIVE UpdatesIt will be interesting to see how the election unfolds and what its implications are for the functioning of the Lok Sabha in the coming sessions.The battle for the Speaker post is between the BJP's Om Birla, a three-time MP from Rajasthan Kota, and Kodikunnil Suresh of the Congress, an eight-term parliamentarian from Mavelikara, Kerala, who holds the distinction of being the longest-serving parliamentarian in the 18th Lok Sabha.The situation arose when the NDA declined the Opposition INDIA bloc's proposal to allocate the Deputy Speaker's position to the Opposition in return for backing the NDA candidate.Traditionally, the Lok Sabha Speaker and Deputy Speaker were elected through consensus between the ruling party and the Opposition.Both the BJP in power and the primary opposition Congress Party have issued strict three-line whips to their members, requiring their attendance in the Lok Sabha on Wednesday from 11 am until the conclusion of the day's proceedings.The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) has 293 MPs in the 543-member Lok Sabha. The Telugu Desam Party (TDP), with 16 seats, and Janata Dal (U), with 12 seats, are the biggest allies of the BJP, which won 240 seats.The NDA, which commands 293 MPs in the 543-member Lok Sabha, holds a clear majority, with YSRCP supporting them; their numbers now stand at 297, while the opposition INDIA bloc comprises 234 MPs.The last contest for the Central Legislative Assembly Speaker post was held on January 24, 1946.

The private operator of Puerto Rico’s power grid has confirmed the deferral of $65 million worth of maintenance and improvement projects in the U.S. territory

Benchmark NSE Nifty index rose 18.71 points to 23519.8 amid buying in frontline bluechip stocks.

Gujarat Industries Power Company Ltd.(up 7.82%), Voltamp Transformers Ltd.(up 5.43%), Jyoti Structures Ltd.(up 4.96%), JSW Energy Ltd.(up 3.38%), Power Grid Corporation of India Ltd.(up 3.21%), Hitachi Energy India Ltd.(up 2.36%), Power and Instrumentation(Gujarat)Ltd.(up 1.97%), NLC India Ltd.(up 1.50%), GE Power India Ltd.(up 1.17%) and Karma Energy Ltd.(up 1.02%) stood among the top gainers.

Masdar Energy of the UAE, Singapore's Sembcorp, JSW Energy, Torrent Power, Sekura Energy and ONGC, have submitted non-binding bids to acquire 760 MW of operational assets in India that have been put on the block by Italy's Enel Group, said people aware of the development.

KAI’s mission is bold. But it has the determination to make it come true.

₹429 apiece from Monday's high of ₹559, while REC tumbled to ₹472.40 from its previous high of ₹607.80 per share.Also Read: Stock market today: Investors lose ₹38 lakh crore as election race gets tighter than what exit polls predictedOther multibagger PSU stocks such as RVNL, IRFC, RailTel Corporation, and IRCON International also experienced declines of up to 15% during today's trade. Additionally, defense PSU stocks like Mazagon Dock, Cochin Shipyard, and Bharat Dynamics saw losses of up to 10% in their share values.The entire PSU sector took a hit, reflected in all PSU sectoral indices trading in the red with cuts exceeding 10%.

Tata Power Solar Systems Ltd (TPSSL), India's leading Rooftop Solar company and a wholly owned subsidiary of Tata Power Renewable Energy Ltd (TPREL), on Monday launched its '#GharGharSolar, Tata Power ke Sangh' national campaign from Jodhpur, Rajasthan. The city has earned a sobriquet of Sun City Jodhpur due to the large number of sunny days in a year.

Exit Polls Lok Sabha Elections 2024: Exit polls are highly anticipated events preceding the official vote count by the Election Commission of India (ECI). Political analysts and psephologists meticulously analyze data to predict which party might have an edge in each state. An exit poll is conducted immediately after voting concludes in parliamentary or assembly elections. The exit polls for the 2024 Lok Sabha elections will be broadcast live on June 1, following the completion of the final voting phase. Voting for the last phase will continue until 6 pm on Saturday, with exit poll results going live from 6:30 pm onwards. The Battle for Power in 2024

Torrent Power Ltd.(up 3.73%), CESC Ltd.(up 3.44%), Transformers & Rectifiers(India)Ltd.(up 2.75%), NHPC Ltd.(up 2.23%), RattanIndia Power Ltd.(up 2.20%), Hitachi Energy India Ltd.(up 2.05%), Power and Instrumentation(Gujarat)Ltd.(up 1.95%), Adani Power Ltd.(up 1.74%), Tata Power Company Ltd.(up 1.72%) and Adani Energy Solutions Ltd.(up 1.58%) were among the top gainers.

India's peak power demand hit a record 246.1 GW till 0300 pm Wednesday as northwest and central parts of the country continue to reel under unprecedented heatwave conditions. The previous record of peak demand was set at 243 GW, including shortage, last September. The peak demand met was 240 GW last year. Peak demand that could not be met today, if any, will be available in a day, a government official said. Electricity demand surpassed the government's expected peak of 235 GW for solar hours in May. The power ministry had projected peak power demand at 235 GW this month during daytime and 225 GW during evening hours. The national capital recorded the highest ever peak of 8,302 MW as of 530 pm Wednesday. It breached the projected peak demand of up to 8,200 MW this summer. In Delhi, peak power demand crossed 7000 MW for 12 days in a row in May for the first time this calendar year. The city's peak power demand had clocked 8,000 MW on May 22. «The persistent heat wave across north India is leading to a sharp demand surge for electricity in the national capital,» a Tata Power Delhi Distribution Ltd spokesperson said.

Indo Tech Transformers Ltd.(up 5.00%), Karma Energy Ltd.(up 4.96%), RattanIndia Power Ltd.(up 4.74%), Torrent Power Ltd.(up 2.58%), Jyoti Structures Ltd.(up 1.00%) and Transformers & Rectifiers(India)Ltd.(up 0.27%) stood among the top gainers.

Kolkata Knight Riders to their third IPL title on Sunday, captain Shreyas Iyer said his side «played like invincibles» the whole season. The Knight Riders lorded over Sunrisers Hyderabad in the IPL final, winning the lopsided title clash by eight wickets here at the MA Chidambaram Stadium. KKR vs SRH: The highlights «Absolutely comprehensive (the win). We played like invincibles throughout the season. There's so much to cherish right now. This is what we demanded from the team and every individual,» Shreyas said during the post-match presentation.

ALSO READ: Labour’s Starmer Pitches for Scottish Votes on Path to UK Power“Britain today faces a future that is more dangerous and more divided.

Tata Steel, LIC, IRCTC, Cummins India, Samvardhana Motherson International, Mazagon Dock Shipbuilders, Apollo Hospitals Enterprise, Bharat Dynamics, Aditya Birla Fashion and Retail, and National Aluminium Company, will be releasing their March quarter report cards this week. Here’s the list: May 27

Reserve Bank of India has granted its approval for the appointment of Pradeep Kumar Sinha as the Part-time Chairman of ICICI Bank. Sinha is set to assume this role for a term of three years, starting from July 1, 2024.

Inox Wind Ltd.(up 9.07%), Inox Wind Energy Ltd.(up 5.01%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.87%), Jaiprakash Power Ventures Ltd.(up 3.29%), PTC India Ltd.(up 2.32%), Adani Green Energy Ltd.(up 2.01%), Orient Green Power Company Ltd.(up 0.96%) and GE T&D India Ltd.(up 0.82%) stood among the top gainers.

A wind farm in southwest Iowa suffered a direct hit from a powerful tornado that crumpled five of the massive power-producing towers, including one that burst into flames