Power Financial News

Adani Power Ltd. traded 2.61 per cent down at Rs 319.8 at 01:55PM (IST) on Thursday, even as BSE benchmark Sensex dropped 115.0 points to 64972.25. The stock had settled at Rs 328.4 in the previous session.

Tata Power Company Ltd. gained 0.72 per cent to Rs 249.2 in Thursday's trade as of 12:58PM (IST). The stock hit a high price of Rs 249.2 and low of Rs 246.55 during the session. The return on equity (ROE) for the stock stood at 11.58 per cent.

sprawl across landscapes and attract legal challenges from groups with other ideas on how the land should be used. The need to limit greenhouse-gas emissions has spurred liberals, historically wary of nuclear’s toxic-waste problem, to rethink their stance. In America 46% of Democrats favour using nuclear energy for electricity, the highest proportion in a decade.

climate change by reducing dependency on fossil fuel-based energy, lowering the carbon footprint, and manufacturing green steel. “This collaboration perfectly describes our commitment towards clean and green energy solutions, which not only aligns with our goals towards climate change and sustainable development but also significantly benefits the steel manufacturing unit by reducing CO2 emissions and costs, enhancing sustainability, and contributing to carbon neutral goals by producing green steel," said Dilipkumar Pachpande, managing director, Sanyo Special Steel Manufacturing India.

Daniel Andrews has warned Victorians to brace for much higher power prices during the energy transition, after the energy market operator identified the state as at key risk of blackouts this summer because the system is running behind on its conversion to renewable energy.

Residential customers of Georgia’s largest electrical utility could see their bills rise by $9 a month to pay for a new nuclear power plant

Gusty winds and low humidity have brought a high risk of wildfires to the interior of Northern California

Idalia tore into Florida at the speed of a fast-moving train Wednesday, splitting trees in half, ripping roofs off hotels and turning small cars into boats before sweeping into Georgia as a still-powerful storm that flooded roadways and sent residents running for higher ground. «All hell broke loose,» said Belond Thomas of Perry, a mill town located just inland from the Big Bend region where Idalia came ashore. Thomas fled with her family and some friends to a motel, thinking it would be safer than riding out the storm at home. But as Idalia's eye passed over about 8:30 a.m., a loud whistling noise pierced the air and the high winds ripped the building's roof off, sending debris down on her pregnant daughter, who was lying in bed.

Hurricane Idalia hit Florida's Gulf Coast on Wednesday flooding several parts of the US state in precursor to what weather agencies believe will be a long season of more than predicted severe storms that is likely to go on till November this year. A category 3 storm hit Florida on Wednesday unleashing threats to life, property, with surging probability of rainfall across an area that has never before received such pummelling. Hurricanes are measured on a five category scale, with a Category 5 being the strongest.

NTPC's board has approved an investment proposal for Lara Super Thermal Power Project (STPP) Stage-II, which is to be set up at an estimated cost of Rs 15,529.99 crore.

fuel price shock of 2022 could have been far more severe, potentially overwhelming the ability of many governments to mitigate it with public funds. IRENA’s new report confirms the critical role that cost-competitive renewables play in addressing today’s energy and climate crises by accelerating the transition in line with the 1.5°C warming limit.

Geojit Financial Services said, "Positive sentiment initially propelled domestic equities, buoyed by softer US labour market data that caused a retreat in US bond yields, alleviating concerns about rate hikes. This positive outlook was reinforced by Chinese banks' move to reduce existing mortgage rates, favourably impacting Indian metal stocks.'' ‘’However, gains were tempered as the day progressed, primarily due to weakness in global markets attributed to lacklustre economic data from Europe.

Reliance Power(up 10.68%), RTNPOWER(up 9.24%), Suzlon Energy(up 4.87%), Inox wind(up 3.05%), Energy Development Company(up 2.87%), PTC India(up 2.07%), Inox Wind Energy(up 2.06%), Karma Energy(up 1.90%), Jaiprakash Power Ventures(up 1.88%) and SJVN(up 1.55%) stood among the top gainers. Alstom T&D India(down 3.54%), Transformers and Rectifiers(India)(down 2.82%), JSW Energy(down 2.57%), KEC International(down 2.19%), Hitachi Energy India(down 2.00%), Adani Energy Solutions(down 1.80%), Power Grid Corporation of India(down 1.61%), Adani Power(down 1.29%), NLC India(down 1.08%) and DPSC(down 1.06%) were among the top losers of the day. The NSE Nifty50 index ended 4.8 points up at 19347.45, while the 30-share BSE Sensex closed up 11.43 points at 65087.25. Tata Steel(up 2.13%), Maruti Suzuki(up 1.82%), Eicher Motors(up 1.5%), Mahindra & Mahindra(up 1.43%), Infosys(up 1.23%), TATA CONSUMER PRODUCTS(up 1.2%), HCL Technologies(up 1.12%), UltraTech Cement(up 0.81%), LTIMindtree Ltd(up 0.72%) and ITC(up 0.61%) stood among the top gainers in the Nifty pack. On the other hand, Power Grid Corporation of India(down 1.61%), Bharat Petroleum Corporation(down 1.36%), State Bank of India(down 1.3%), Dr Reddys Laboratories(down 1.29%), Hero MotoCorp(down 1.21%), ICICI Bank(down 0.91%), HDFC Bank(down 0.73%), Divis Laboratories(down 0.72%), Adani Ports & Special Economic Zone(down 0.59%) and IndusInd Bank(down 0.55%) closed in the red.

'Chandrayaan mission, a living example of women's power', says PM Modi in Mann Ki Baat PM Modi also announced that Chandrayaan-3's landing spot on the Moon would be named Shiv Shakti Point. "In Shiv, there is a resolution for the welfare of humanity and Shakti gives us strength to fulfil those resolutions. This Shiv Shakti point of the moon also gives a sense of connection with the Himalayas to Kanyakumari", the prime minister said.

Gabon coup: A group of senior military officers in Gabon claimed they had seized power in the early hours of Wednesday. This came minutes after the Central African state's election body announced that President Ali Bongo Ondimba, 64, was declared winner of an election marred by fears of violence. As per media reports, The officers claimed to speak for all of Gabon's security and military forces on the television station Gabon 24.

Reliance Power(up 6.30%), RTNPOWER(up 5.04%), Suzlon Energy(up 4.87%), Jaiprakash Power Ventures(up 4.38%), Inox wind(up 4.35%), Energy Development Company(up 3.16%), Inox Wind Energy(up 2.61%), PTC India(up 2.51%), Karma Energy(up 1.90%) and SJVN(up 1.38%) were among the top gainers. Alstom T&D India(down 4.50%), Transformers and Rectifiers(India)(down 1.60%), Power Grid Corporation of India(down 1.19%), Hitachi Energy India(down 1.12%), KEC International(down 0.95%), Torrent Power(down 0.92%), Adani Energy Solutions(down 0.52%), JSW Energy(down 0.51%), NHPC(down 0.29%) and ADANIGREEN(down 0.27%) were among the top losers. The NSE Nifty50 index was trading 103.1 points up at 19445.75, while the 30-share BSE Sensex was up 352.64 points at 65428.46 at around 11:25AM. Tata Steel(up 2.34%), Hindalco Industries(up 1.59%), Axis Bank(up 1.43%), Tech Mahindra(up 1.41%), Cipla(up 1.22%), UltraTech Cement(up 1.15%), TATA CONSUMER PRODUCTS(up 1.1%), JSW Steel(up 1.09%), Adani Enterprises(up 1.07%) and Eicher Motors(up 1.01%) were among the top gainers in the Nifty pack. On the other hand, Bharat Petroleum Corporation(down 1.28%), Power Grid Corporation of India(down 1.19%), Dr Reddys Laboratories(down 0.4%), Coal India(down 0.11%), Britannia Industries(down 0.09%), Divis Laboratories(down 0.08%) and Apollo Hospitals Enterprises(down 0.07%) were trading in the red.

Tata Power Company Ltd. traded 0.95 per cent up at Rs 249.15 at around 11:06AM (IST) on Wednesday.

Transport and logistics group Brambles expects profit growth to slow in 2023-24 as cost-of-living pressures on households mean lower volumes of goods are being transported on pallets to the group’s retailer customers, which are cutting back inventory levels.

The Biden Administration weakened protections for wetlands on Tuesday

Biden administration weakens water protections in response to Supreme Court ruling that curtails federal power

Tata Power Renewable Energy Limited (TPREL) on Tuesday said it has signed an agreement with automotive components maker ANAND Group to set up a captive 4.4 MW solar project. In a statement, the Tata Power arm said it will facilitate the generation of 10 million units of clean energy and eliminate 5,500 tonnes of carbon emissions annually as part of the agreement. TPREL has signed a power delivery agreement (PDA) for 4.4 MW AC with the ANAND Group, it said. «This group captive project highlights our commitment to support the automotive industry in becoming more sustainable and environmentally focussed,» Tata Power Renewable Energy Limited CEO Ashish Khanna said. Previously, Tata Power and the ANAND Group collaborated for a 10.1-MW Solar PV park power project, located in Maharashtra.