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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).

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.

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.

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.

Mint

Power Grid Corporation Of India share are down by -0.69%, Nifty up by 0.07%

Power Grid Share Price Today : On the last trading day, Power Grid's stock opened at ₹337.15 and closed slightly lower at ₹336. During the day, the stock reached a high of ₹339.7 and a low of ₹334.55, indicating some volatility within that range.

Mint

Power Grid Corporation Of India share are up by 1.11%, Nifty up by 0.16%

Power Grid Share Price Today : On the last trading day, Power Grid's stock opened at ₹336.55 and closed at ₹340.85. The stock reached a high of ₹341.45 and maintained a low of ₹336.55 throughout the day.

The Economic Times

Power Grid Corporation of India Stocks Live Updates: Power Grid Corporation of India Sees Decline in Trading Volume Amidst Stable Closing Price

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Business Standard

Eastman Auto & Power plans to achieve turnover of Rs 10,000 cr by FY26

Solar rooftop solutions provider Eastman Auto & Power Ltd on Thursday said it plans to achieve a turnover of Rs 10,000 crore by 2025-26 aided by capacity expansion on renewal energy side. The company had posted a turnover of about Rs 3,600 crore in 2023-24, according to a statement. Committed to sustainable and profitable growth, the company plans to achieve Rs 10,000 crore turnover by 2025-26 by investment in building the solar rooftop solutions business alongside mainstay Last Mile E-Mobility Solutions business, Eastman Auto & Power MD Shekhar Singal said in the statement. This goal shall be driven by strategic investments in new power electronics manufacturing facilities for solar inverters (for grid-connected and off-grid solutions), technology partnerships and participation in multiple advanced chemistries for energy storage, he said. To achieve this objective, the company has made some top level changes. The company has appointed Ashok Jain as Chief Finance Officer (CFO)

Mint

Power Grid Corporation Of India share are up by 1.22%, Nifty up by 0.37%

Power Grid Share Price Today : On the last trading day, Power Grid opened at ₹333.5 and closed at ₹336.9. The stock reached a high of ₹337.9 and a low of ₹333.5, indicating a stable trading range throughout the day.

Mint

NTPC, Power Grid, JSW Energy, others share prices: Power demand dips in August, but outlook remains firm

Stock Markets Today: The power demand in August 2024 saw some decline, nevertheless is attributed to better monsoon and floods. Demand outlook remains firm and analysts positive on prospects of NTPC, Power Grid, JSW Steel, others share price. NLC Ltd remains pick of Elara Securities. Check more

Mint

Power Grid Corporation Of India share are up by 0.72%, Nifty up by 0.18%

Power Grid Share Price Today : On the last trading day, Power Grid's stock opened at ₹337.85 and closed at ₹336.60. The stock reached a high of ₹337.85 during the day and a low of ₹334. Overall, the stock experienced a slight decline, closing lower than its opening price.

The Economic Times

Tata Power-DDL, Nissin Electric working on micro substation with power voltage transformer project

Tata Power-DDL and Nissin Electric will launch a demonstration project to supply electricity from India's first micro substation with power voltage transformer. The project aims to provide stable and cost-effective power to remote areas without a power grid, using a 100-kVA installation that converts high-voltage power to low-voltage residential supply.

Business Line

Tata Power-DDL and Nissin Electric to launch India’s first micro substation project

This initiative will ensure stable power for remote areas without a power grid, marking a significant leap in India’s energy infrastructure development

The Economic Times

Parag Parikh Flexi Cap Fund raises stake in HDFC Bank, ICICI Bank, 4 other stocks

Parag Parikh Flexi Cap Fund, the largest flexi cap fund by assets, increased its stakes in Power Grid Corporation of India, ICICI Bank, and HDFC Bank in August. The fund reduced its exposure to NMDC and UTI Asset Management Company. The total assets managed by the fund rose to Rs 78,490 crore from Rs 75,956 crore in July.

Hindustan Times

Sensex, Nifty rise on rally in global markets, foreign fund inflows

Key gainers included Power Grid and Bharti Airtel, while Bajaj Finserv lagged. Foreign investors bought equities worth ₹1,176.55 crore amid dip in oil prices.

Mint

Power Grid Corporation Of India share are down by -1.6%, Nifty down by -0.89%

Power Grid Share Price Today : On the last trading day, Power Grid opened at ₹333 and closed at ₹325.65. The stock reached a high of ₹333.3 and a low of ₹325 during the day.

The Economic Times

Renewable energy sector to provide momentum to Indian economy: Pralhad Joshi

Union Minister Pralhad Joshi emphasized the growth of India's renewable energy sector at the BNEF Summit in New Delhi. He highlighted government initiatives, including a PLI Scheme for solar PV modules and policies for grid storage. India's renewable energy capacity has increased significantly, with major strides in solar power and green hydrogen production.

CNBC TV18

Honeywell commissions India's first on-grid solar BESS to support Lakshadweep's renewable energy push

Honeywell said the Solar Energy Corporation of India project is the country’s first on-grid solar initiative incorporating BESS technology, to manage the supply of renewable power.

Business Standard

Adani Energy Solutions undertakes 7GW Khavda IVA Power Transmission project

Khavda IVA Power Transmission, a special purpose vehicle (SPV,) set up by RECPDCL for evacuating 7 GW of Renewable Energy (RE) from Khavda RE park, under Phase IV Part A package, has been acquired by AESL to execute the project. The Khavda IVA transmission line, part of National Grid, will help evacuate 7 GW of RE by connecting 765 kV double circuit lines from Khavda to Lakadia and Khavda to Bhuj (both in Gujarat) and setting up transformation capacity of 4,500 MVA.

Mint

Power Grid share price Today Live Updates : Power Grid Shares Surge Amid Positive Market Sentiment

Power Grid Share Price Today Live Updates : Power Grid stock price went up today, 02 Sep 2024, by 0.24 %. The stock closed at 337.4 per share. The stock is currently trading at 338.2 per share. Investors should monitor Power Grid stock price closely in the coming days and weeks to see how it reacts to the news.

Business Standard

Power Grid acquires Bhadla-III & Bikaner-III Transmission under TBCB route

Power Grid Corporation of India, pursuant to its selection as the successful bidder under Tariff based competitive bidding, has on 30 August 2024 acquired Bhadla-III & Bikaner-III Transmission, the Project SPV to establish Transmission System Strengthening for interconnections of Bhadla-III & Bikaner-III Complex, on build, own, operate and transfer (BOOT) basis from the Bid Process Coordinator PFC Consulting.

The Economic Times

Power Grid Corp acquires Bhadla-III & Bikaner-III Transmission

Power Grid Corporation of India has acquired the project special purpose vehicle Bhadla-III and Bikaner-III Transmission Ltd through tariff-based competitive bidding. This project will establish a transmission system to strengthen interconnections between Bhadla-III and Bikaner-III substations in Rajasthan, operating on a build, own, operate, and transfer basis.

The Economic Times

Chakri Lokapriya on 4 power stocks to bet on, top midcap recommendation

Chakri Lokapriya noted that the power sector, particularly companies like NTPC and Power Grid, would thrive with a mix of thermal and renewable energy, projecting significant capacity additions. He also discussed Ola's electric vehicle market position and valuation, the challenges in the pharma sector, FMCG's ongoing weakness, and promising midcap stocks like Tata Elxsi.

Business Standard

Indian power firms owed over $1 bn by Bangladesh amid financial turmoil

Five Indian power companies-Adani Power, SEIL Energy India, NTPC, PTC, and Power Grid Corporation of India-are collectively owed over $1 billion.

Mint

Power Grid share price Today Live Updates : Power Grid Shares Surge in Positive Trading Today

Power Grid Share Price Today Live Updates : Power Grid stock price went up today, 27 Aug 2024, by 0.33 %. The stock closed at 338.1 per share. The stock is currently trading at 339.2 per share. Investors should monitor Power Grid stock price closely in the coming days and weeks to see how it reacts to the news.

Business Standard

Power Grid acquires two project special purpose vehicles from PFCCL

Power Grid Corp on Thursday said it has acquired 2 project special purpose vehicles from PFC Consulting Ltd. The two SPVs are Sirohi Transmission Ltd and Beawar-Mandsaur Transmission Ltd, a company statement said. Sirohi Transmission shall implement a system comprising establishment of new 765/400 kV sub-station near Sirohi in Rajasthan, 765kV & 400kV D/C transmission lines and associated bays extension works at existing substation in the state. Beawar-Mandsaur Transmission shall implement a system comprising establishment of 765kV D/C transmission line and associated bays extension works at existing sub-station in Rajasthan and Madhya Pradesh. Both transmission systems are to be commissioned in 24 months. According to the statement, the bid process coordinator for the two SPVs is PFC Consulting Ltd (PFCCL), which conducted a tariff-based competitive bidding. POWERGRID, through its various project SPVs, is implementing transmission system projects being constructed on build, own,

The Economic Times

Adani Power says it is committed to supplying electricity to Bangladesh

Adani Power has reaffirmed its commitment to supplying electricity to Bangladesh despite recent changes in India’s power export rules. The amendment allows connectivity to the Indian grid without obligating India to buy electricity. Adani's plant in Jharkhand continues to honor its contract, aiming to hedge against political risks. This could benefit future export-centric power projects.

Business Standard

Govt's changed power export rules could lead to gain for Adani: Report

Plants selling their entire power to India's neighboring countries may be allowed a domestic grid connection in case of a consistent drop in offtake or payment defaults

The Economic Times

Adani plant allowed to sell Bangladesh-bound power in India after rules amended

The Indian government has amended power export rules, allowing Adani Power's 1,600 MW Godda plant in Jharkhand, which is contracted to export all its output to Bangladesh, to supply the domestic market. The change permits connection to the Indian grid if the plant's capacity is underutilized or if there are delays in payment from Bangladesh. This adjustment, seen as a move to safeguard India's energy security, could also benefit future projects with similar export contracts. The decision follows recent political unrest in Bangladesh that led to Prime Minister Sheikh Hasina's departure.

Mint

NTPC, JSW Energy, Power Grid, others: Should you Buy, Sell or Hold the power stocks ahead of Q1 results?

Stock Market Today: NTPC, Power Grid, JSW Energy Ltd, Torrent Power, GVK Power, BHEL and others share prices have remained in focus with strong rise in power demand. The Power demand touched peak in May surpassing previous highs in September. Check here for analysts Q1 expectations and stocks picks

Business Line

Stocks that will see action today: July 11, 2024

Buzzing stocks: SBI, UltraTech, Zydus Life, Indo Wind, Sona BLW, Glenmark Pharma, Glenmark Life, IdeaForge, PowerGrid, Oriana Power

Mint

Sensex @80K: Power Grid to UltraTech Cement — 13 stocks outperformed Sensex in H12024; Check full list

Sensex @80K: Sensex breached the 80,000-mark from 70,000 in a record 58 market sessions, the fastest-ever 10,000-point climb in its history.

Business Standard

Jakson Green inks pact with NHPC for supply of 400 MW solar power

New energy transition platform Jakson Green on Wednesday said it has inked a pact with state-owned NHPC for the supply of 400 MW solar power. Jakson Green has signed its first Power Purchase Agreement (PPA) with NHPC Ltd, a company statement said. This agreement marks a significant milestone for Jakson Green, solidifying its position as a fast-growing Independent Power Producer (IPP) with a total portfolio of 1 GW under development, the statement added. "We are thrilled to embark on this agreement with NHPC, the first of many more to come. This 400 MW PPA, our largest to date, with NHPC is a monumental achievement for Jakson Green," Kannan Krishnan, Joint Managing Director, Jakson Green Pvt Ltd said. This new project will be located in Rajasthan and connected to the central grid, with an expected clean energy generation sufficient to power around four lakh households annually. Contributing to the elimination of nearly 752,000 MT/year of CO2 emissions, the project will also create

The Economic Times

Transforming India's power grid: Highlights from the Transmission & Distribution Conclave 2024

The conclave that took place at KSH Infra Park in Pune, Maharashtra on June 13, brought together industry leaders, experts, and enthusiasts to explore the transformative possibilities within the transmission and distribution industry.

Business Line

ENGIE signs PPA for 200 MW solar PV project

The project is part of Gujarat Urja Vikas Nigam‘s 1,125 MW grid-connected solar PV power project, to be established in the Gujarat State Electricity Corporation’s Renewable Energy Park at Khavda

The Economic Times

India keen to speed up power grid link talks with Sri Lanka

India is actively pursuing discussions with Sri Lanka to establish a power grid link, focusing on renewable energy for electricity trading. The project includes overhead and under-sea cables, with economic benefits being evaluated by PwC India and plans for a joint consultant for investment decisions.

The Economic Times

Wind power generation picks up pace in TN; clean energy meets one-third of state’s power demand

Tamil Nadu's wind and solar energy generation peaked on Wednesday, meeting over one-third of the state's power needs. Wind power set a new record with 105.138 million units contributing to the grid. Solar power added 25.8 Mu despite overcast conditions, showcasing the state's commitment to green energy.

The Economic Times

BSES has a new plan to keep Delhi's lights on, debuts India's largest battery storage system

BSES, a major power distribution company in Delhi, has inaugurated India's first utility-scale Battery Energy Storage System (BESS). This innovative system ensures uninterrupted power supply to residential areas, even during technical faults or grid failures. The project, located at BSES Rajdhani's Kilokari substation, aims to enhance grid stability, reduce power procurement costs, and integrate renewable energy sources. The BESS, utilizing advanced Lithium Iron Phosphate (LFP) technology, sets a benchmark for future energy storage projects in India.

Business Line

Power Grid has moved up sharply. What should investors do now?

Overall, business remains stable and good. However, the valuations are stretched and deceleration in growth in FY24 could result in stock underperforming