Adani wins bid to supply 6,600 MW of electricity, Rs 4.08/unit tariff beats JSW, Torrent
New Delhi, Sep 15 (PTI) Adani group has won a bid to supply 6,600 MW of bundled renewable and thermal power to Maharashtra for the long term after its quote of Rs 4.08 per unit beat the likes of JSW Energy and Torrent Power, sources said. Its bid for the bundled renewable and thermal energy […] Key Points
ThePrint35 dead as Asia's 'most powerful' Typhoon Yagi triggers landslides in Vietnam
The typhoon was Asia's most powerful storm this year and made landfall on the country's northeastern coast on Saturday. It has disrupted power supplies and telecommunications in several parts of the country, mostly in Quang Ninh and Haiphong. Key Points
India TodayAdani power incorporates, Adani power Middle East to invest in power, infra and related fields
New Delhi [India], August 27 (ANI): Adani power Limited incorporated a wholly-owned subsidiary, Adani power Middle East Ltd. on Monday in Abu Dhabi, United Arab Emirates, the company informed the exchanges. The objective of the subsidiary will be to invest in power, infrastructure, and related fields, the company added in the exchange filing. Show Full […] Key Points
ThePrintIndia’s power consumption rose 9% in June amid heat
India’s power consumption rose by nearly 9 per cent to 152.38 billion units (BU) in June compared to the year-ago period mainly due to scorching heat... Key Points
The Tribune IndiaNew AI model to help prevent power outages
Unlike human-controlled processes, the system can automatically reroute electrical flow in microseconds. A team of US researchers has developed an... Key Points
The Tribune India
Balkan countries hit by massive power outage as heat overloads system
Montenegro's energy minister said the shutdown was caused by a sudden increase in power consumption brought on by high temperatures, and by the heat itself overloading systems. power distribution is linked across the Balkans for transfers and trading. Key Points
India TodayNon-payment of dues: Adani Group arm begins power disconnection drive in Mumbai locality
Mumbai, Jun 14 (PTI) Adani Electricity Mumbai (AEML) on Friday said it has begun a power disconnection drive against 1,100 residents of suburban Chembur’s Siddharth Colony over non-payment of dues. Nearly 100 customers with unpaid dues faced action on Wednesday, the power utility said in a statement on Friday. In a statement, the Adani Group […] Key Points
ThePrintTP Western Odisha Distribution appoints Parveen Kumar Verma as CEO
Sambalpur, Apr 23 (PTI) TP Western Odisha Distribution Ltd on Tuesday announced the appointment of Parveen Kumar Verma as its new CEO. With over two and half decades of experience in the power distribution sector, Verma brings a wealth of expertise to his new role, a statement said. He succeeded Gajanan Kale, who has taken […] Key Points
ThePrintOn 2nd day in row, parts of south Mumbai plunge into darkness due to power failure
South Mumbai's power outage persists due to BEST's feeder snag near Crawford Market. Restoration efforts by Tata power and BEST South continue. The islanding system in Mumbai aims to ensure uninterrupted power supply. Key Points
Economic TimesBHEL share price rises 2% after Adani power order: What's happening?
BHEL share price: At 9:20am, Bharat Heavy Electricals was at ₹247.60, up ₹4.70 or 1.93 percent, on the BSE. Key Points
Hindustan Times
'Power Book III: Raising Kanan' Season 5: This is what we know so far about Starz's show
Starz's power Book III: Raising Kanan has been renewed for a fifth season, delving deeper into Kanan Stark's backstory. Set in New York, the series explores Kanan's evolution into a killer. With an expanding storyline intersecting with other power characters, fans can expect more gripping drama in this prequel era. Key Points
Economic TimesCCI approves 100 pc acquisition of Lanco Amarkantak power by Adani Power
New Delhi [India], March 26 (ANI): The Competition Commission of India (CCI) has approved 100 per cent acquisition of Lanco Amarkantak power Limited by Adani power Limited. The Adani power Limited (Acquirer), a part of the Adani Group, is a company engaged in the business of thermal power generation in India. Show Full Article The […] Key Points
ThePrintCCI clears Adani Power’s purchase of Lanco Amarkantak
Adani power proposes to acquire a 100% stake and control of bankrupt Lanco Amarkantak following a corporate insolvency resolution process (CIRP), the CCI said. Last month, Adani power reportedly won the bid for the debt-laden firm for Rs 4,101 crore. “The proposed transaction does not result in an appreciable adverse effect on competition in any plausible relevant market in India. Accordingly, the definition of the relevant market may be left open,” the CCI said. Key Points
Economic TimesSix ARCs acquire 55% of KSK Mahanadi Power's Rs 29,330-crore debt
Six ARCs, led by Aditya Birla and Kotak Mahindra-backed, control majority debt in KSK Mahanadi power due to lenders' exits amid debt resolution delays. Prudent ARC recently acquired debt through a Swiss auction, ensuring an 80% recovery for the lender. } Key Points
Economic Timespower demand to grow 8-9% in India, capacity will grow, but cost will fall from 2030: Praveer Sinha, Tata
Praveer Sinha discusses challenges in the power sector, emphasizing the upcoming reduction in power costs by 2027-2030. He underscores the crucial role of battery storage in the transition to clean energy for reliable 24x7 power availability. Sinha says energy transition is a big thing because it is the need of the hour with concerns about climate change and sustainability. Key Points
Economic Times
Want your portfolio to do well? Pick from these 6 large and midcap bank stocks: Sanjiv Bhasin
Sanjiv Bhasin recommends top power picks like NTPC, REC, PFC with bullish outlook on ICICI, Axis, HDFC, Kotak. Diversification and market insights shared across different sectors for optimal portfolio performance. In metals, Bhasin says, it is SAIL, NALCO, Vedanta and the Jindal twins. We think those are the best stocks to buy. Key Points
Economic TimesShivalic power Control files DRHP for IPO with NSE Emerge
Shivalic power Control IPO comprises a fresh issuance of 64.32 lakh equity shares, each with a face value of ₹10. Corporate Capital Ventures Pvt Ltd is the book-running lead manager, and Skyline Financial Services Pvt Ltd is the IPO registrar. Key Points
mint‘Power’ Fourth Spinoff ‘Origins’: All you may want to know
Starz is expanding its 'Power' universe with a new prequel series titled 'Origins,' focusing on the early lives of Ghost and Tommy. With the success of the flagship series and its spinoffs, the addition of 'Origins' promises to further enrich the franchise and captivate audiences with its compelling storytelling. Key Points
Economic TimesFalling reservoir levels bode ill for hydro power generation this summer
Hydro power generation in India is at risk due to low reservoir levels and deficient snowfall. With hydro power playing a vital role in the energy sector, the looming summer's increased power demand poses additional challenges. Key Points
mintEQT-Temasek to sell green venture O2 Power
Barclays has been appointed to initiate a formal sale process. Approaches will be made to global infrastructure funds and energy companies. This comes as close to a dozen transactions centred on renewable assets in India are at various stages of implementation. Those involved include the Aditya Birla Group, Brookfield and Macquarie Infrastructure among others. Key Points
Economic Times
Rules amended to push sale of surplus power on bourses
Amendments have also been made to align the rules with statutory provisions related to accessing the national power grid. The rules lay that if outstanding dues are paid, the regulation of access will end and need to be restored within a day after the payment. Key Points
Economic TimesBest Sony car speakers: Enjoy your favourite music during the drives
Sony car speakers offer clear and well-balanced audio, bringing your favorite music to life during your drives. Sony is a well-known brand for its wide range of high-quality car speakers. Here's a list of 10 Sony car speakers and subwoofers to help you choose the best one for your needs. Key Points
mintBengaluru airport ties up with CleanMax for solar-wind energy
Bangalore International airport has signed a 25-year long-term power purchase agreement with renewable energy company, Clean Max Enviro Energy Solutions (CleanMax) for the generation and supply of renewable energy from a 45.9 MW Solar-wind Captive power Project. Key Points
Times Of IndiaUS homes under threat due to unpredictable power surges and quality issues
America's electric grids face a hidden danger- dangerous power quality. Unnoticed by many, sudden voltage surges pose a serious threat, leading to home fires. Key Points
Hindustan TimesCentre eyes pvt investment of $26 billion in nuclear power
India will invite private firms to invest about $26 billion in its nuclear energy sector to increase the amount of electricity from sources that don't... Key Points
The Tribune India
India seeks $26 bln of private nuclear power investments
India plans to invite private firms, including Reliance Industries, Tata Power, Adani Power, and Vedanta, to invest around $26 billion in its nuclear energy sector, marking the first time New Delhi seeks private investment in nuclear power. The government aims to build 11,000 MW of new nuclear power generation capacity by 2040, contributing to its target of having 50% of installed electric generation capacity from non-fossil fuels by 2030. Key Points
Economic TimesBetter to look at power generation and not distribution stocks: Mahantesh Sabarad
The pharma sector is overcoming previous headwinds and is expected to perform better. Pricing pressure is reducing, new product launches are anticipated, and margin expansion is likely. The sector benefits from being defensive in volatile markets. Sectorally, all these headwinds that they had faced in the past are gradually going away for the sector to emerge better. Key Points
Economic TimesSanjiv Bhasin on his top 4 power plays; says ONGC can be added on every dip
Sanjiv Bhasin remains overweight on ONGC, considering it the best energy stock to own in India. He expects targets of 325-350 and advises buying on any decline. In power, says would still go with Tata power and NTPC. Also, on declines, add REC, PFC. A disclosure, all these four stocks are in their portfolio also. Key Points
Economic TimesIIT researchers make leap with new technique for growing resilient, cost-efficient semiconductors
Researchers have developed ultra-wide bandgap compound semiconductors by incorporating gallium oxide with tin. Findings of the study have been published in multiple research papers. Key Points
ThePrintShout from the rooftop: Solar subsidy for homes may go up to 60 per cent
There are two parts to the implementation of the scheme. In one, the SPVs will reach out to consumers having up to 3kW of load and the 40% non-subsidised portion of the capital cost would be loaned by the SPV. The excess power units that will be generated through the rooftop solar project on such households, monitored through virtual net metering, will go towards paying off the loan by the SPV. Key Points
Economic Times
Talabira Thermal power Plant set to be completed by 2028-29, says NLC India chairman
India Business News: Prime Minister Narendra Modi is set to lay foundation stone of Talabira thermal power project in Odisha on February 3, the Neyveli Lignite Corporation's (NLC) India announced on Friday. The project, with a capacity of 3200MW, aims to provide affordable electricity in the state. Key Points
Times Of IndiaKeep your relationships charged this Valentines Day with the 8 best power banks
Valentine's Day is more than flowers and chocolates. It is about adding value to your partner's life with gifts that can be of utility and importance. Check out our list of the best power banks with premium quality and features for this season of love. Key Points
mintPunjab and Sind Bank to sell KSK Mahanadi loans to ARCs
Punjab and Sind Bank, frustrated by the delay in resolving KSK Mahanadi Power's corporate insolvency, plans to sell its debt to asset reconstruction companies (ARCs). The bank has invited offers from ARCs for its loans to KSK Mahanadi power and KSK Water Infrastructure. Key Points
Economic TimesAyodhya wasn't Republic's end. BJP's challengers can learn from Indira's fall, Modi's rise
Legatees of political forces Indira Gandhi locked up during Emergency are now redefining some of India's foundational principles. They can be challenged, just as she was in the 1970s. Key Points
ThePrintAdani power Q3 results: Net profit soars multi-fold to Rs 2,738 cr, revenue up 67%
On Thursday, Adani Power's scrip on BSE closed trading 4.4% higher at Rs 542.5 Key Points
Business Today
CapitaLand India commissions captive solar plant in Tuticorin
India Business News: CapitaLand India Trust (CLINT) has set up its first captive solar power plant in Tuticorin in Tamil Nadu. The 21 MW solar plant will generate over 30 million kWh of electricity annually and meet the power supply needs of two million sq ft of office space. This will increase CLINT’s green energy usage by over 70%, reduce its carbon emissions by more than 17,000 tonnes, as well as reduce its need to purchase power. Key Points
Times Of IndiaJindal power quits race to acquire Lanco Amarkantak
In a sudden U-turn, Naveen Jindal-promoted Jindal power has dropped out of the race to acquire Lanco Amarkantak Power. Just last week, the company had topped an offer by Adani power for the distressed thermal power company undergoing corporate insolvency proceedings. Key Points
Economic TimesBright day in Delhi; NCR continues to log cold day
The minimum was 6.1°C — a slight increase from the 4.8°C on Sunday — which meant that cold day conditions abated in Delhi. | Latest News Delhi Key Points
Hindustan TimesIndia's power consumption grows nearly 8% to 1,221.15 bn units in Apr-Dec
Power consumption in the country witnessed an on-year rise of nearly 8 per cent to 1,221.15 billion units (BU) during the April-December period of this fiscal, indicating a surge in economic activities. power consumption in the country stood at 1,132.11 BU in April-December 2022-23. The power consumption in the entire fiscal 2022-23 was 1,504.26 BU, higher than the 1,374.02 BU witnessed in the 2021-22 financial year. Key Points
Economic TimesDelhi discoms, UP's NPCL top performance ratings of power distribution companies
As per the recent ratings announced by the power ministry, NPCL, BRPL, BYPL, and TPDDL have emerged as the top performers among all the 62 rated power distribution companies (discoms) in the country. These discoms have achieved the highest rating of A+. Key Points
Economic Times
Pacific Northwest residents told to stay indoors as ice coats region
The residents of the Pacific Northwest have been asked to stay indoors after an ice storm wreaked havoc in the area. Schools and government offices were shut as people faced difficulties travelling along snow-coated roads. Key Points
India TodayIndia's Jindal power offers 42.03 billion rupees for distressed coal-fired power plant
By Sarita Chaganti Singh NEW DELHI (Reuters) - India's Jindal power has offered 42.03 billion rupees ($505.77 million) for a distressed coal-fired power plant, the company told the insolvency court on Key Points
ThePrintBHEL gets 2,400 MW greenfield power project from NLC India in Odisha
New Delhi, Jan 17 (PTI) State-owned BHEL on Wednesday said it has bagged an order to set up a 2,400 MW supercritical thermal power project (STPP) from coal PSU NLC India Ltd. This is the largest power sector order won by the company through competitive bidding, BHEL said in a statement. “BHEL bags an order […] Key Points
ThePrintAdani Power, Jindal Group companies, Vedanta in race for IL&FS Tamil Nadu Power
IL&FS, as part of its resolution process, had recently invited expressions of interest (EoIs) to acquire a 92% stake in ITPCL held by IL&FS Energy Development Company (80%) and the group holding company (12%). This asset has two coal-based power plants with 1,200 MW capacity in Cuddalore with the potential to add nearly 2,000 MW more, a captive jetty adjacent to the plant, and a captive coal mine in Indonesia. Key Points
Economic TimesWhich stocks to pick as India enters power shortage cycle? Nikhil Nigania answers
Nikhil Nigania, Director at Bernstein, discusses the winners in the power sector and highlights that entities with merchant power plants stand to make the most gains. He compares the current power cycle to the previous one, noting that the current cycle is characterized by specific time-of-day power shortages due to the addition of solar capacity. Nigania also mentions that players investing in thermal capacities, such as NTPC, could be winners. Key Points
Economic Times
Best deals on top power banks: Keep your devices charged with these 8 options
Best deals on top power banks: Never run out of charge on any of your devices with the best power banks available on Amazon. Check out different models from top brands and choose one for yourself. Key Points
mintTata power to outperform the sector, says Antique Broking; raises target price on stock
Tata power houses 4.3 GW of operational solar, wind, and hybrid assets. Tata power plans to add 10 GW before FY27E. This will entail a capex of ₹600 billion. Key Points
mintRs 4,770-crore jolt! power sector biggest casualty of FPI selling in Q3
FPIs sold power sector stocks to the tune of Rs 2,869 crore and Rs 2,952 crore in October and November, respectively after a massive Rs 9,731 crore selloff in September. Although, they re-entered the sector in December to buy shares worth Rs 1,051 crore. Key Points
Economic Times'Attempt to rob J&K people of resources'
Ratle Hydro Electric power Corporation Limited, a joint venture between the NHPC Limited and JK State power Development Corporation, has entered into a power purchase agreement with the Rajasthan Urja Vikas and IT Services Limited for 850 MW sourcing from the project in Kishtwar district of Jammu division. The agreement has been signed for the off-take of power for a period of 40 years. Key Points
Economic TimesPunjab govt buys private thermal power plant at Goindwal Sahib. Details here
Punjab Chief Minister Bhagwant Mann announced that the state government has purchased a 540-megawatt private thermal power plant at Goindwal Sahib for ₹1,080 crore. The power plant, previously owned by GVK Power, is the first private power plant to be bought by the government in the state. Key Points
mint