Power Financial News

New Delhi, Power Grid Corporation's board has approved a proposal to raise up to Rs 5,700 crore through issuance of bonds on private placement basis in multiple tranches in 2023-24. The fund raised will be used to part finance its capex requirement, for providing inter corporate loans to wholly-owned subsidiaries/JVs and for general corporate purposes.

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New Delhi: Prime Minister Narendra Modi on Saturday inaugurated the Akhil Bhartiya Shiksha Samagam 2023 at the Bharat Mandapam in Pragati Maidan, New Delhi. The Akhil Bhartiya Shiksha Samagam will be held on 29-30 July 29. The ‘Samagam’ is held in conjunction with the third anniversary of the National Education Policy (NEP) 2020.

Tata Power, LIC Housing Finance and NCC are 3 stock ideas from Kunal Shah, Senior Technical & Derivatives Analyst at LKP Securities. Keeping a watchful eye on price action and employing appropriate risk management strategies is essential to navigate through such periods of uncertainty in the market, he said.

Power Grid fund raies: The board of directors of Power Grid Corporation of India Ltd has approved fund raise up to ₹5,700 crore throuugh issuance of bonds on a private placement basis to part finance its capex requirement. The Indian central public sector undertaking informed Indian stock market exchanges about the decision on Saturday.

Manipur since the military junta recaptured power in neighbouring Myanmar in 2021. The total seizure of drugs in 2021 was nearly 3 tonnes, but it went up to over 10 tonnes in a year, according to Union home ministry data. The democratically elected National League for Democracy was deposed by Myanmar's military in February 2021.

power generators will likely burn a record amount of natural gas for a second day in a row on Friday, the hottest day so far this summer, as homes and businesses crank up their air conditioners to escape a brutal heatwave blanketing much of the country this week. Extreme weather reminds consumers of the fatal freeze in February 2021 that left millions of Texans without power, water and heat for days and a brutal heatwave in August 2020 that forced the California power grid operator to impose rotating outages that affected about 800,000 customers over two days. As soaring demand stresses electric grids this summer, next-day power prices soared to their highest since January in Southern California and their highest since February in New England, according to data provider Refinitiv.

Kuala Lumpur, Malaysia & Gurgaon, Haryana, India – Business Wire India ​The latest research by Kincentric, a Spencer Stuart company focused on improving leadership impact by unlocking the power of people and teams, identifies a number of compelling business outcomes that can be achieved when organizations deliver a consistent and cohesive employee experience (EX) across the organization. The Global Employee Experience Trends 2023 Report reveals that employee engagement has plateaued over the last five years, and CEOs and CHROs must now shift their approach to EX if they want to accelerate business outcomes through their people.The study, backed by extensive data from over nine million respondents across 2500 organizations, 162 countries and 62 industries, emphasizes the need for leaders to act on employee experience more holistically, with consistency of experience emerging as a key factor in driving business impact.

Tata Power Company Ltd. rose 5.3 per cent to Rs 232.5 in Friday's trade as of 01:14PM (IST) even as the benchmark Nifty ruled at 19607.6, down 52.3 points. The scrip had closed at Rs 220.8 in the previous session.

The markets chose to consolidate and stay within the defined range. The NIFTY50 ended the day on a negative note.

power generating companies (gencos) have reduced by almost 50 per cent to Rs 61,025 crore, Parliament was informed on Thursday. There has been significant improvement in the realisation of dues of power generating companies post implementation of Electricity (Late Payment Surcharge and Related Matters) Rules, 2022, promulgated on June 3, 2022, Union Minister for Power, New and Renewable Energy RK Singh informed the Lok Sabha.

NSW Treasurer Daniel Mookhey says higher taxes on the state’s coal industry will have only a “negligible” risk of increasing power prices, as the Minns government considers whether to follow Queensland’s lead and increase coal royalties.

₹20/kWh as per the Commission’s order dated 31.03.2023 in Petition 4/SM/2023 (Suo-Motu)," it added. With the fresh alternative of HP-TAM, these high price generators can plan for sale of their power to interested beneficiaries under longer term contracts of up to 90 days, the company said.

New Delhi: Congress leader Rahul Gandhi charged on Thursday that the BJP-RSS are only interested in power and are working towards dividing the country as they do not care about the sorrow and pain of people. Addressing a Youth Congress programme virtually, Gandhi said, «The BJP-RSS only want power and can do anything to get power.

NASA power outage disrupted communication between Mission Control and the International Space Station on Tuesday. Mission Control couldn't send commands to the station and talk with the seven astronauts in orbit.

thunderstorms wreaked havoc across southern Michigan, causing widespread damage and leaving a trail of destruction in their wake. The tempestuous weather struck on a fateful Wednesday, unleashing powerful winds that uprooted trees, snapped branches, and brought down power lines, leading to a significant disruption in electricity supply for more than 140,000 customers. DTE Energy, one of the major utilities in the region, bore the brunt of the storm's fury, reporting an alarming number of nearly 108,000 customers left without power by 5:40 p.m.

Power prices surged to their second-highest March quarter in 18 years, despite a glut of solar and wind production that sent prices into the negative during the middle of the day, according to a new report.

Tata Power Company Ltd. traded 1.21 per cent up at Rs 222.1 on Wednesday at around 10:20AM (IST), while the benchmark BSE Sensex advanced 462.91 points to 66818.62. As many as 150,801 shares changed hands on the counter with a total value of Rs 334.0 crore.

ADANIGREEN(up 6.82%), Karma Energy(up 4.95%), CESC(up 3.94%), Torrent Power(up 3.54%), KEC International(up 2.90%), Orient Green Power Company(up 2.88%), DPSC(up 2.51%), Voltamp Transformers(up 2.35%), Indo Tech Transformers(up 1.96%) and Indowind Energy(up 1.87%) were among the top gainers. Suzlon Energy(down 5.00%), RTNPOWER(down 3.88%), SJVN(down 2.93%), Hitachi Energy India(down 1.51%), Reliance Power(down 0.94%), NHPC(down 0.90%), Adani Transmissions(down 0.87%), Transformers and Rectifiers(India)(down 0.86%), Inox Wind Energy(down 0.26%) and NTPC(down 0.22%) were among the top losers.

Tata Power - Delhi Distribution Ltd (DDL) said that it met the demand of 2,182 MW on Tuesday. “Today, Tata Power-DDL successfully met the demand of 2,182 MW. This has successfully demonstrated that our customers‘ increasing energy needs were taken care of without any network limitations or power disruptions." Although the peak demand this year touched a record high of 223 GW last month, the overall power demand this year has largely been in check amid the sporadic rains across the country.

ADANIGREEN(up 10.00%), Adani Power(up 9.31%), Adani Transmissions(up 7.97%), Indo Tech Transformers(up 4.99%), Karma Energy(up 4.97%), SJVN(up 4.73%), Kalpataru Projects International(up 3.40%), JSW Energy(up 2.67%), NTPC(up 2.42%) and Jyoti Structures(up 2.22%) stood among the top gainers. Suzlon Energy(down 5.00%), Power & Instrumentation(Gujarat)(down 4.77%), Indowind Energy(down 2.91%), Inox wind(down 2.10%), Voltamp Transformers(down 1.22%), KPI Green Energy(down 0.62%), Energy Development Company(down 0.59%), PTC India(down 0.36%) and Gujarat Industries Power(down 0.04%) were among the top losers of the day.