Sector Energy and Power - Latest news, views and updates

Energy and Power

Sector

Watch

Energy and Power

SECTOR | 07 Feb 2025

Jindal Nuclear to Invest in 18GWe Nuclear Power Generation Capacity Over Next Two Decades

NDTV Profit

According to a company source, the organisation intends to invest about Rs 1.80 lakh crore to set up the units and a decision on the location will be taken later.

Energy and Power

SECTOR | 07 Feb 2025

Gensol Engineering bags 968 crore solar project in Gujarat's Khavda park

Business Line

This marks Gensol's second major contract at the Khavda Solar Park this month, following an earlier 1,063 crore order for a 275 MW solar project

Energy and Power

SECTOR | 06 Feb 2025

REC Q3 results: PAT grows 23% to Rs 4,076 cr, income at Rs 14,286.91 cr

Business Standard

State-owned REC Ltd on Thursday posted a 23 per cent rise in consolidated net profit to Rs 4,076.35 crore in the December quarter, aided by higher income. It had posted a net profit of Rs 3,308.42 crore in the October-December period of 2023-24 financial year, the company said in an exchange filing. The company's total income rose to Rs 14,286.91 crore in the reporting quarter from Rs 12,071.54 crore in the year-ago period. Total expenses stood at Rs 9,105.94 crore in the latest December quarter as against Rs 7,899.85 crore a year earlier. The board of the company also approved a third interim dividend of Rs 4.30 per share for the financial year 2024-25 and set February 14 as the record date for shareholders to become eligible for the payment. It further approved formation of a joint venture between REC Power Development and Consultancy Limited (a wholly-owned subsidiary of REC) and Mahagenco Renewable Energy Limited in the shareholding ratio of 50:50 for the development of renewa

Reliance Power back in the black: Reports Rs 42 cr net profit in Q3

Business Standard | 05 Feb 2025 6 more

Energy and Power

SECTOR | 06 Feb 2025

Tata Power, Bank of Baroda ink pact for financing rooftop solar projects

Business Standard

Tata Power Renewable Energy Ltd (TPREL) on Thursday said it has partnered with Bank of Baroda to facilitate financing of residential rooftop solar projects under the PM - Surya Ghar Muft Bijli Yojana. Both the entities have signed a Memorandum of Understanding (MoU), under which applicants can avail loan amounts up to Rs 6 lakh at an interest rate starting at 7 per cent per annum with both fixed and floating rate options, TPREL said in a statement. The PM - Surya Ghar: Muft Bijli Yojana is the world's largest domestic rooftop solar initiative, transforming India's energy landscape with a bold vision to supply solar power to one crore households by March 2027. "This strategic collaboration with Bank of Baroda marks a significant step in our mission to make clean energy solutions accessible to every household in India. By offering affordable and convenient financing options, we are enabling residential customers to embrace rooftop solar technology with ease," Deepesh Nanda, CEO &...

Energy and Power

SECTOR | 06 Feb 2025

Why Tata Power has stayed clear of the carbon credit market

livemint

Tata Power has not participated in the nascent International Renewable Energy Certificates market, which is considered an alternative to carbon credits, citing a lack of buyers.

Policy intervention must for carbon credit trading: Tata Power CEO Praveer Sinha

livemint | 05 Feb 2025

Energy and Power

SECTOR | 05 Feb 2025

Nuclear power plan to give power sector a fillip

Business Line

The move to allow States an additional borrowing of 0.5 per cent of GSDP will augment intra-State transmission capacity by States

Energy and Power

SECTOR | 05 Feb 2025

JSW Energy Stock Jumps After 1,600 MW Thermal Plant Deal In Bengal

NDTV Profit

After this award, JSW Energy's total locked-in generation capacity stands at 30 GW with a share of thermal capacity at 9 GW.

What drove JSW Energy share price 7% higher on Feb 5? Check details here

Business Standard | 05 Feb 2025

Energy and Power

SECTOR | 04 Feb 2025

Premier Energies share price reverses gains, tanks 15% from day's high

livemint

Premier Energies share price fell 15% to 997 after plans for a 1-GW U.S. solar cell facility were paused due to U.S. policy changes. Despite strong quarterly results, concerns over clean energy policies and declining gross margins affected investor sentiment.

Energy and Power

SECTOR | 03 Feb 2025

Premier Energies Q3 Earnings: Profit Rises Almost Six Times

NDTV Profit

As of Q3 FY25, Premier Energies' order book stands at 4,539 MW. This order book has a total value of Rs 6,946.1 crore, marking a 8% increase in the company's order book on a sequential basis.

Energy and Power

SECTOR | 03 Feb 2025

Adani Power share price: Jefferies sees 30% upside potential. Should you buy?

livemint

Jefferies has given a 'Buy' rating to Adani Power, citing its growth potential as it plans to increase capacity from 17.6 GW to 30.7 GW by 2030. The target price is 660, indicating a potential 30% upside from its current price of 509.