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The Economic Times

Power dues from Bangladesh: PTC & SEIL seek to invoke bank guarantees

PTC India and SEIL Energy India have approached the Bangladesh Power Development Board to invoke bank guarantees due to unpaid dues for power supplied. While BPDB has started making payments to Adani Power, SEIL Energy India and PTC India are still awaiting payment for their dues, critical for continued power supply.

CNBC TV18

NTPC approves ₹20,922 crore investment for expansion of Sipat and Darlipali super thermal power projects

Shares of NTPC Ltd ended at ₹424.00, up by ₹10.15, or 2.45% on the BSE.

The Economic Times

NTPC board approves Rs 9,700 cr investment for 800 MW Sipat project

"The Board of Directors of the Company, in its meeting held on 19th September 2024, has accorded investment approval for Sipat Super Thermal Power Project, Stage-III (1x800 MW) at an appraised current estimated cost of INR 9,790.87 crore," as per the BSE filing.

The Economic Times

Tata Power and Adaro International in arbitration over coal supply dispute

Tata Power Company Ltd and Adaro International are in a legal dispute over a coal supply agreement for the Trombay power plant. Both companies have filed claims against each other, with the case now at the International Court of Arbitration. Discussions for an amicable resolution are ongoing.

Business Standard

SJVN generates 8,489 MU of power as green energy in FY24: CMD Sharma

State-owned SJVN generated 8,489 million units (MUs) of green energy from its operational hydro, solar and wind power stations in 2023-24, a top company official said. SJVN CMD Sushil Sharma made the remarks at the company's 36th Annual General Meeting (AGM) for the 2023-24 financial year. "Despite facing challenging hydrological conditions due to climate change, SJVN demonstrated resilience in its operations. In FY24, the company generated 8,489 MUs from its operational hydro, solar and wind power stations," a company statement quoted Sharma as saying. The power stations set new records, including highest-ever daily generation of 39.570 million units (MU) and 10.971 MU by 1,500 MW NJHPS (Nathpa Jhakri Hydro Power Station) and 412 MW Rampur HPS, respectively, in July 2023. The highest-ever monthly generation of 1,590.072 MU was recorded from all operational projects in August 2023 and Rampur HPS also achieved the highest-ever monthly generation of 337.165 MU during the month. Duri

CNBC TV18

MSTC, Tata Power, IIFL Finance, Geojit Financial, Sandur Manganese and more: Top stocks to watch out for on September 20

stocks to watch, MSTC, Tata Power Company, IIFL Finance, Geojit Financial, Sandur Manganese, Indus Towers, Infosys nd more, these are the stocks to watch for today.

The Economic Times

SJVN generates 8489 MU power in FY24: CMD

State-owned SJVN generated 8,489 million units of green energy from its hydro, solar, and wind power stations in 2023-24. Despite challenging conditions due to climate change, the company set new records in daily and monthly generation. SJVN reported standalone revenue of Rs 2,533.59 crore and a profit after tax of Rs 908.40 crore for the year.

CNBC TV18

Tata Power and Adaro International in arbitration over coal supply dispute

Adaro, alleging a breach of contract by TPCL, has initiated the arbitration process with a claim of $106 million. Tata Power, in response, has raised counterclaims of $229.947 million for Adaro’s failure to fulfil its obligations under the coal supply agreement. Shares of Tata Power Company Ltd ended at ₹439.30, down by ₹1.35, or 0.31%, on the BSE.

The Economic Times

Stock market update: Power stocks down as market rises

The 30-share BSE Sensex closed up 236.57 points at 83184.8

Business Standard

Power Grid bags transmission project in MP

Power Grid Corporation of India announced that it has been declared as a successful bidder under tariff based competitive bidding (TBCB) to establish inter-state transmission system in Madhya Pradesh (MP).

Business Standard

Purvah Green Power (CESC arm) signs agreement with Ecoren Energy India

To set up wind power project of up to 686.85 MW

The Economic Times

Steel firm Rhetan TMT plans to set up 2 MW solar plant for captive use

Rhetan TMT Ltd plans to establish a 2 MW solar power plant at its Kadi manufacturing facility in Gujarat. The solar plant will be for captive use, reducing power costs and promoting green energy. The company's board will meet on Friday to approve the project. Rhetan TMT produces TMT Bars and Round Bars for the construction industry.

The Economic Times

Discussions on how to protect domestic steel industry going on: Union Minister

The steel ministry is discussing with the finance ministry to implement policy measures to curb rising steel imports, including a minimum import price. Efforts are also being made to strengthen the domestic alloy industry, which faces challenges like high power tariffs and inadequate raw materials. The minister aims to revive Rashtriya Ispat Nigam Limited.

The Economic Times

India aims to slash logistics costs to single-digit percentage in next five years

India aims to reduce its logistics costs to a single-digit percentage within five years, according to Union Minister Nitin Gadkari. He highlighted ongoing highway and expressway construction as key initiatives. Gadkari also envisions making India's automobile industry the largest globally and emphasized increasing farmers' purchasing power to boost economic growth.

The Economic Times

CESC arm signs pact to set up 686.85 MW wind project

CESC's subsidiary, Purvah Green Power Private Ltd, has signed an agreement with Ecoren Energy India to establish a wind power project of up to 686.85 MW. The project is expected to be completed within three years, pending necessary approvals. CESC specializes in the generation, transmission, and distribution of electrical power.

CNBC TV18

Power Mech Projects wins ₹865 crore order after 1:1 bonus issue

The ₹865 crore order, from Vedanta's subsidiary, Talwandi Sabo Power Ltd., will be executed within five years.

The Economic Times

Adani Power shares drop 1.12% as Sensex rises

On the technical charts, the RSI of the stock stood at 44.49.

Business Line

Kamdhenu Ltd buys stake in franchisee for ₹11.72 cr; stocks decline

Kamdhenu Ltd acquires 7.79 per cent stake in Maa Kudargarhi Power and Ispat Pvt Ltd

Business Standard

Garware Technical Fibres Ltd leads gainers in 'A' group

Suven Pharmaceuticals Ltd, Reliance Power Ltd, Rainbow Childrens Medicare Ltd and K P R Mill Ltd are among the other gainers in the BSE's 'A' group today, 19 September 2024.

Business Line

Rhetan TMT to set up 2 MW solar power plant

Steel products maker to set up captive solar power plant at factory in Kadi, Gujarat

The Economic Times

Reliance Power, Reliance Infrastructure shares rise up to 7.5%; what’s driving the gains?

Reliance Power has announced the settlement of obligations amounting to Rs 3,872.04 crore concerning the guarantee for lenders VIPL. The company also reported that all disputes with CFM Asset Reconstruction have been resolved, and it has pledged 100% of VIPL's shares to CFM in exchange for the release and discharge of the guarantee provided by Reliance Power.

Mint

Reliance Power share are up by 4.97%, Nifty up by 0.53%

Reliance Power Share Price Today on 19-09-2024: On the last trading day, Reliance Power had a stable performance with the opening price, closing price, high, and low all remaining consistent at ₹34.62. This indicates that there was no price fluctuation throughout the day.

Mint

Tata Power share are down by -0.3%, Nifty up by 0.54%

Tata Power Share Price Today on 19-09-2024: On the last trading day, Tata Power opened at ₹442.5 and closed at ₹439.35. The stock reached a high of ₹450.5 and a low of ₹438.5 during the day.

Mint

Adani Power share are down by -1.43%, Nifty up by 0.54%

Adani Power Share Price Today on 19-09-2024: On the last trading day, Adani Power opened at ₹656.95 and closed at ₹642. The stock reached a high of ₹658.25 and a low of ₹641.25 during the day.

Mint

Power Grid share are up by 0.61%, Nifty up by 0.55%

Power Grid Share Price Today on 19-09-2024: On the last trading day, Power Grid opened at ₹337.15 and closed at ₹336.25. The stock reached a high of ₹338.30 and a low of ₹334.45 during the day.

The Economic Times

Stock market update: Power stocks down as market rises

The 30-share BSE Sensex was up 516.72 points at 83464.95

Business Standard

Ion Exchange share price flies 10% on Rs 161-cr order win; details here

The uptick in Ion Exchange share price came after the company announced that it has secured an order worth Rs 161.19 crore from Adani Power.

The Economic Times

Buy Jindal Steel & Power, target price Rs 1240: ICICI Securities

Jindal Steel & Power Ltd. key Products/Revenue Segments include Iron & Steel Items, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2024.

The Economic Times

Kalana Ispat IPO: Check issue size, price band, GMP and other details

Kalana Ispat's SME IPO will open for subscription today and close on September 23. The company aims to raise Rs 33 crore by offering shares at Rs 66 each. The funds will be used for capital expenditure, including a solar power plant and rolling mill setup. Shares are expected to list on September 26.

CNBC TV18

The Marketbuzz Podcast: Is the Fed rate cut already priced in? Multiple PSU stocks to react

Marketbuzz Podcast: Indian markets may see a positive start according to the GIFT Nifty. Watch out for stocks like IREDA, NTPC, Power Grid and more.

Mint

Breakout stocks to buy or sell: BSE to Torrent Power — Sumeet Bagadia recommends five shares to buy today

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — Crest Ventures, BSE, Menon Bearings, Graphite India, and Torrent Power

Business Standard

Stocks To Watch: ICICI Securities, Nazara, NTPC, AB Capital, Tata Power

NTPC has filed for an IPO of its green energy arm, NTPC Green Energy Ltd, with an aim to raise approximately $1.2 billion (Rs 10,000 crore).

CNBC TV18

IREDA, GE T&D India, Garden Reach, BL Kashyap, Apollo Micro and more: Top stocks to watch out for on September 19

stocks to watch, GE T&D India, Garden Reach Shipbuilders, BL Kashyap, Apollo Micro Systems, IREDA, Ion Exchange, Allcargo Logistics, Power Grid Corporation of India, Nazara Technologies, Aavas Financiers and more, these are the stocks to watch for today.

The Economic Times

REC signs MoUs worth ₹1.1 lakh crore with RE cos

REC Ltd has signed memorandums of understanding worth Rs 1.12 lakh crore with renewable energy developers for projects over five years. These include solar-wind hybrid, round-the-clock renewable power, and other renewable energy initiatives. The company aims to increase its renewable energy loan book to over ₹3 lakh crore by 2030.

CNBC TV18

Reliance Power board meet on Sept 23 to consider long-term fund raise

Reliance Power is exploring multiple avenues, including preferential issue, qualified institutional placement (QIP), rights issue and foreign currency convertible bonds.

Business Standard

NTPC Green Energy files draft papers to raise $1.2 billion through IPO

The company, a unit of power producer NTPC, will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed

CNBC TV18

This Maharatna firm has won a major inter-state transmission project

The project, titled "Transmission System for Evacuation of Power from Rajasthan REZ Phase IV (Part 2: 5.5 GW) (Jaisalmer/Barmer Complex): Part H1," will be executed on a build, own, operate, and transfer (BOOT) basis.

Mint

Delhi High Court issues notice to RoC, Religare in Burman's plea over AGM extension

The dispute centres on the reappointment of chairperson Rashmi Saluja and an ongoing power struggle between the Burman family and Religare's management.

CNBC TV18

Ion Exchange wins ₹161-crore contract from Adani Power for water and environment solutions

The contracts involve providing comprehensive water and environment management solutions for two 800 MW units at Adani's Raipur and Raigarh ultra-superpower projects. Shares of Ion Exchange (India) Ltd ended at ₹646.35, down by ₹10.45, or 1.59%, on the BSE.

CNBC TV18

Anil Ambani's Reliance Infrastructure and Reliance Power slash debt by a cumulative ₹7,220 crore

In a major move, Reliance Infrastructure Ltd and Reliance Power Ltd have slashed their combined debt by ₹7,220 crore. Reliance Infrastructure reduced its external debt from ₹3,831 crore to ₹475 crore, aided by securities novation and debt settlement with lenders.