Power Financial News

₹115 to ₹118 per equity share. The energy firm plans to raise around ₹60 crore through the IPO. “The public issue of Noida-headquartered Oriana Power Ltd will open for subscription on 1 August 2023 and close on 3 August 2023.

Adani Power Ltd. gained 3.13 per cent to Rs 245.5 at 10:20AM (IST) in Tuesday's trade. The stock hit a high of Rs 246.45 and low of Rs 235.7 so far during the session.

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«I think a lot of market participants were anticipating this part of the news and therefore I think once the news is probably out we are seeing some element of profit booking happening on that counter,» says Mayuresh Joshi, William O'Neil India.Just want to discuss ITC with you and how is it that you are looking at the hotels demerger news? It was well known in the market, we reported it as well that something like this was in the offing and now the way the Street is actually reacting to this particular news almost like a sell on news kind of story? Absolutely. I think a lot of market participants were anticipating this part of the news and therefore I think once the news is probably out we are seeing some element of profit booking happening on that counter.

The death of an older Arizona woman when her electricity was cut during a heat spell five years ago spurred changes in shutoff rules

NHPC share price rose over 5.5% to touch 52-week high on Monday's trading session following approval of the allocation of two power projects by the Arunachal Pradesh government on Friday. NHPC shares opened at ₹47.59 apiece on BSE. The stock hit intraday high at ₹47.59 and intraday low at ₹47.39.

thunderstorms wreaked havoc by knocking out power to several thousand customers in both Jefferson and Orleans parishes in Louisiana.Entergy New Orleans has estimated that power restoration is most likely to occur between noon and 3 p.m. for the majority of the affected customers. Among the impacted areas, Metairie suffered the largest outage, with nearly 3,800 customers expected to remain without power until 3 p.m. Other regions in Jefferson Parish were not spared either, as Destrehan had approximately 1,300 customers left without electricity, Kenner had 700, and about 1,600 customers on the West Bank of the parish were affected. In the city of New Orleans, power outages affected around 2,200 customers in the Uptown area, approximately 200 in the Broadmoor-Central City area, and almost 5,100 customers on the West Bank in Algiers. For the Algiers customers, a restoration time of noon was estimated. To stay informed about outages in their respective areas, customers can visit the Entergy outage map online or report any outages or downed power lines using the provided links. Additionally, customers can reach out to Entergy via phone at 1-800-9OUTAGE (1-800-968-8243) or receive text alerts by texting OUT to 36778. As the utility company diligently works on resolving the power outage situation, affected customers have been urged to stay updated through these channels and patiently await the restoration of electricity in their regions.

election that could see Prime Minister Pedro Sanchez's governing Socialists lose power and a far-right party make up part of a new government for the first time in 50 years. Voting opened at 9 a.m. (0700 GMT) and will close at 8 p.m.

Power consumption grew marginally by 1.8 per cent year-on-year to 407.76 billion units in the April-June quarter, mainly due to unseasonal rains, the Biparjoy cyclone and heavy Monsoon downpours, according to the government data. The Central Electricity Authority (CEA) data showed that the power consumption was 400.44 billion units (BU) in the April-June quarter in 2022 and recorded a growth of 17.6 per cent compared to 340.37 BU in the same period of 2021. The peak power demand rose to 223.23 GW in April-June 2023 from 215.88 GW in the same period in 2022.

SJVN Ltd on Saturday said it has bagged a contract from Punjab State Power Corporation Ltd (PSPCL) for the development and procurement of 1,200 MW of solar power entailing an investment of Rs 7,000 crore.«SJVN Green Energy Ltd (SGEL; a wholly owned subsidiary of SJVN) will develop 1000 MW (solar) project anywhere in the country and balance 200 MW in the state of Punjab,» a company statement said. SJVN has received the Letter of Intent (LOI) from the PSPCL for the procurement of 1,200 MW of solar power.

Narendra Modi said on Saturday that greed for power overrode national interest during the UPA government, wreaking havoc on the banking sector, but his dispensation has nursed it back to good financial health. Addressing a Rozgar Mela, Modi took an apparent swipe at the Gandhi family, saying a few powerful politicians close to a particular family would get loans of thousands of crores of rupees to their favourites by calling up banks and those loans were never meant to be returned.

Toyota Motor revealed their ambitious plan to utilize regenerative fuel cell technology for propelling a manned lunar rover. This cutting-edge approach opens up exciting possibilities for harnessing the moon's water ice as a potential energy source in the days to come. Japan, under the leadership of Prime Minister Fumio Kishida, has significantly amplified its space exploration aspirations.

The Biden administration has announced plans for the first sale of offshore wind power leases in the Gulf of Mexico off the Louisiana and Texas coasts

Lok Sabha elections, Trinamool Congress supremo Mamata Banerjee on Friday gave a clarion call to oust the BJP from the Centre under the newly formed opposition platform — INDIA (Indian National Developmental, Inclusive Alliance). Banerjee claimed that if the BJP government comes to power again, democracy will cease to exist in the country. «In 2024, a new India will be born for development, unity, harmony and oneness and to save democracy,» she said during a mega public rally in Kolkata on Martyr's Day.

OTTAWA — Canada must build more electricity generation in the next 25 years than it has over the last century in order to support a net-zero emissions economy by 2050, according to a new report from the Public Policy Forum.

  New Delhi: India’s per capita carbon emissions have been hailed as significantly low amidst growing concerns over climate change, said Union minister for power and new & renewable Energy R.K. Singh. The statement was made during the 14th Clean Energy Ministerial and 8th Mission Innovation Meeting in Goa.

₹3,383.5 billion, signifying the impetus shown by the central and state governments in increasing the order inflow. Healthy growth in tendering is seen from the Indian Railways.

Bankrupt FTX Trading Ltd.’s latest lawsuit against co-founder Sam Bankman-Fried and his former top executives revealed new details about the allegations of massive fraud at the fallen crypto conglomerate. 

Azure Power Global's CFOs Sugata Sarkar and Pawan Kumar Agrawal assured bond holders in Singapore that the company should be able to publish its long-delayed results within 14 weeks and avoid a technical default. The company, majority-owned by Canadian pension funds CDPQ and OMERS Infrastructure, has until the end of this month to appeal the NYSE's delisting order, with the final decision expected after a potential three-month process.

In a historic move, India’s Kalpataru Projects International (KPIL) has signed a $159.99 million contract for providing EPC services for Transmission Lines and Substations in Guyana’s Integrated NGL Plant and 300 MW CCGT Power Plant.

New Delhi: India and Sri Lanka are expected to discuss economic connectivity and China during the visit of president Ranil Wickremesinghe, who arrives in New Delhi today. This is Wickremesinghe’s first visit to India since taking office after his predecessor, Gotabaya Rajapaksa, was swept from power after mass protests in 2022. The visit comes even as Sri Lanka continues to grapple with a protracted economic crisis.