County Power Financial News

Shares of Balkrishna Industries Ltd.(up 2.0 per cent), Apollo Tyres Ltd.(up 1.69 per cent), Samvardhana Motherson International Ltd.(up 1.3 per cent), Eicher Motors Ltd.(up 0.49 per cent) and Maruti Suzuki India Ltd.(up 0.47 per cent) ended the day as top gainers in the pack.

₹8,600 crore and its loan book stands at around ₹59,698 crore. In FY24, the company disbursed around ₹25,089 crore, higher from ₹21,639 crore in FY23. The CMD said that in FY25, the loan disbursement would be over ₹30,000 crore.

Tata Power Delhi Distribution on Tuesday said it has inked an initial pact with India Smart Grid Forum for the 'Vehicle-to-Grid Technology Demonstration Project'. The initiative aims to explore the potential of EVs to provide essential grid services like frequency and voltage support, test their viability as backup power sources during outages, and examine the impact of bi-directional charging, a company statement said. The pilot project aims to showcase the basics of how electric vehicles (EVs) can interact with the grid. This project looks at reducing carbon emissions within the transportation and energy sectors, Tata Power Delhi Distribution Ltd (Tata Power-DDL) which supplies electricity to a populace of 7 million in North Delhi, said… Additionally, the project will investigate how EVs can participate in the power market by storing electricity when prices are low and selling it back during peak hours. It will also test the feasibility of charging EVs with green electricity.

SJVN Ltd.(up 9.99%), Adani Power Ltd.(up 7.15%), NHPC Ltd.(up 5.32%), Indo Tech Transformers Ltd.(up 5.00%), Jyoti Structures Ltd.(up 4.82%), Voltamp Transformers Ltd.(up 4.22%), GE T&D India Ltd.(up 3.82%), Suzlon Energy Ltd.(up 3.65%), Kalpataru Projects International Ltd.(up 3.42%) and Power Grid Corporation of India Ltd.(up 2.77%) stood among the top gainers.

FSN E-Commerce Ventures (Nykaa), ONGC, NTPC, Hindalco, Hindustan Copper, JK Lakshmi Cement, ITC, Sun Pharmaceuticals, and others. Also read: Week Ahead: US Fed chair speech, Q4 results, FII activity, global cues among key market triggers next week ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Deepak Nitrite, Whirlpool of India, City Union Bank, Redtape, Power Mech Projects, Triveni Engineering & Industries, Chemplast Sanmar, India Cements, KRBL, Nesco, Rolex Rings, VRL Logistics.

Russia and China are interested in increasing their oil and gas trade, President Vladimir Putin told reporters in Harbin on Friday. «Mutual interest in implementation of such projects has been confirmed,» Putin said in the final hours of his state visit to China, as per a briefing broadcast by state-run Rossiya 24 TV. «We have a huge common border and nothing can interfere: neither sanctions against the tanker fleet, nor sanctions against financial institutions. We will buy and sell everything in national currencies.» Russia's relations with western nations, formerly its main energy market, are at the lowest point since the Cold War due to Putin's invasion of Ukraine. That makes Moscow increasingly reliant on oil and gas deliveries to growing Asian economies. China, the word's largest energy importer, is currently a key buyer of Russian barrels and Gazprom PJSC's natural gas.

GE T&D India Ltd.(up 4.95%), RattanIndia Power Ltd.(up 4.77%), Indowind Energy Ltd.(up 4.61%), India Power Corporation Ltd.(up 2.33%), Torrent Power Ltd.(up 2.15%), JSW Energy Ltd.(up 1.99%), GE Power India Ltd.(up 1.76%), Power and Instrumentation(Gujarat)Ltd.(up 1.66%), Orient Green Power Company Ltd.(up 1.26%) and Hitachi Energy India Ltd.(up 1.19%) were among the top gainers.

Inox Wind Ltd.(up 9.11%), RattanIndia Power Ltd.(up 5.00%), GE T&D India Ltd.(up 5.00%), Inox Wind Energy Ltd.(up 4.97%), Hitachi Energy India Ltd.(up 4.59%), GE Power India Ltd.(up 3.55%), Indowind Energy Ltd.(up 3.24%), KEC International Ltd.(up 2.48%), PTC India Ltd.(up 2.05%) and Power and Instrumentation(Gujarat)Ltd.(up 1.96%) stood among the top gainers.

NEW DELHI : Oil and Natural Gas Corporation has entered the fray to acquire a significant majority stake in Ayana Renewable Power Pvt. Ltd, as India’s largest crude and natural gas producer seeks to bulk up its clean energy portfolio. The state-run ONGC has submitted a non-binding offer for Ayana, which is looking to sell even up to a 100% stake at an equity valuation of about $800 million, said two people aware of the development.

Mint examines Tesla's aggressive trademark-protection strategy and how India's trademark regime shields foreign companies operating in India from infringement by domestic entities. We also explain how this case could set a precedent for future trademark-infringement cases in India’s growing EV market. On 4 May, Tesla Inc sued Tesla Power India Pvt Ltd, accusing the Gurugram firm of infringing on its trademark and misleading consumers by implying association with Tesla Inc's electric vehicle (EV) batteries.

Bank Nifty was up by 49.15(0.1%) at 14 May 2024 10:44:56 IST.Other stocks such as LANCOR HOLDINGS ORD, Medico Remedies, Shanti Overseas (India), GSS Infotech, Clean Science & Technology hit their fresh 52 wk lows today.

rebels and three Independents, who voted for the BJP candidate in Rajya Sabha polls, Chief Minister Sukhvinder Singh Sukhu on Saturday said that people will teach them a lesson for «selling themselves in the political mandi of the BJP». "Himachal is devbhumi and the land of Gods and Goddesses and the people never support the dishonest and the present election would decide that honesty should win and dishonesty must be defeated," Sukhu said while addressing a meeting at Kupvi in the Shimla district in support of Vinod Sultanpuri, the Congress candidate from the Shimla (SC) Lok Sabha seat. He said that the ongoing election is not for saving the chair or the government but for «saving democracy» and asked the voters to decide whether the strength of democracy is 'dhanbal or janbal' (money power or people's power). Asserting that the present election is not an ordinary election and would determine the course of future politics of the country, he asked, «What would be the value of the vote if the government in power at the Centre purchases the elected representatives with money power?»

Adani Power Ltd.(up 5.54%), RattanIndia Power Ltd.(up 4.59%) and Hitachi Energy India Ltd.(up 0.36%) stood among the top gainers.

Tesla Power" to market its products, on May 3. The lawsuit, heard in the Delhi High Court, seeks damages and a permanent injunction to stop the use of the Tesla brand name, as per Reuters. During a court session this week, it was revealed that the Indian company, Tesla Power India Pvt Ltd, continued to promote its products under the "Tesla Power" brand despite receiving a cease-and-desist notice in April 2022, as reported on the court's website, the report added.

Punjab Kings mounted a pragmatic chase to consign Chennai Super Kings to a demoralising seven-wicket defeat at their own den in their IPL match here on Wednesday. Punjab rode on quick 40s by Jonny Bairstow (46, 30b, 7x4, 1x6) and Rilee Rossouw (43, 23b, 5x4, 2x6) to move past Chennai's modest 162 for seven, which was built around skipper Ruturaj Gaikwad's solid 62 (48b, 5x4, 2x6). The win took PBKS to seventh place on the points table with eight points, while CSK stayed on fourth with 10 points.

Bank Nifty was down by -288.45(-0.6%) at 16 Apr 2024 15:32:04 IST.Other stocks such as Hindustan Unilever hit their fresh 52 wk lows today.

NEW DELHI : The Delhi High Court on Tuesday intervened for release of 73.59% of Jindal India Thermal Power Ltd’s shares pledged with a consortium of lenders led by Punjab National Bank. The power company had moved a writ petition in the high court saying that although it had fully paid the resolution amount of ₹2,450 crore before the scheduled date of payment the lenders had refused to release the pledge on the shares.

Ruia's owned Essar Power Limited has appointed Ankur Kumar as the Chief Executive Officer of its renewables business division, the company said on Thursday. «Ankur will play a key role in advancing Essar's commitment to transitioning into green energy and establishing a robust renewable ecosystem in India,» said Essar Power in a press statement, adding that with over 24 years of experience in renewable energy and public infrastructure sectors, Kumar brings a wealth of knowledge and expertise to his new role. Previously Kumar served as the CEO at ACME Solar Holdings Pvt. Ltd., spearheading the strategic expansion of the company into green hydrogen and ammonia businesses. He also held a leadership position at TBEA Xinjiang Sunoasis Co. Limited, a Chinese green energy company.

NEW DELHI : Power distribution companies in the national capital are gearing up to meet record demand for electricity amid expectations of a scorching summer as the world’s largest democracy goes to the polls. According to the State Load Despatch Centre, Delhi, peak power demand in the national capital may cross 8,000 MW for the first time.

Indo Tech Transformers Ltd.(up 7.74%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Jaiprakash Power Ventures Ltd.(up 4.88%), Indowind Energy Ltd.(up 4.84%), Hitachi Energy India Ltd.(up 3.59%), Kalpataru Projects International Ltd.(up 2.82%), SJVN Ltd.(up 2.81%), JSW Energy Ltd.(up 2.76%), Gujarat Industries Power Company Ltd.(up 1.41%) and Torrent Power Ltd.(up 1.01%) stood among the top gainers.

GE Power India, a prominent player in India's power generation equipment market, witnessed an 11.8% surge in its shares, reaching a 34-month high of ₹371 apiece in today's intraday trading session following the announcement of significant orders. This uptrend marks the stock's sixth consecutive trading session of gains, totaling a cumulative increase of 45%. In a regulatory filing on Wednesday, the company said that it secured orders from Jaiprakash Power Ventures worth ₹774.9 crore.