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Stocks in news: TCS, Groww, Shriram Finance, Dixon Tech, Anand Rathi Wealth
Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise.
Tamil Nadu government signs MoU with Vikram Solar to set up Rs 15,037 cr BESS plant in Tirunelveli
Tamil Nadu government and Vikram Solar signed an MoU for a new plant. This facility will manufacture Battery Energy Storage Systems in Tirunelveli district. The significant investment will create over two thousand job opportunities for local residents. Vikram Solar already operates solar module manufacturing units within the state. This expansion deepens the company's commitment to green energy initiatives.
Crompton Greaves Consumer bags Rs 65-cr order from MSEDCL for solar water pumping systems
Crompton Greaves Consumer Electricals said that it has received an order worth Rs 64.99 crore from Maharashtra State Electricity Distribution Company (MSEDCL) for the supply and installation of solar photovoltaic water pumping systems.
Tata Power targets Rs 1 lakh cr revenue by 2030, reveals key update on nuclear plans
Tata Power aims for Rs 1 lakh crore revenue and Rs 10,000 crore profit by 2030. The company will expand its solar manufacturing capacity by adding a new 10 GW project. Tata Power is also open to entering the nuclear power segment with small modular reactors. It plans to expand distribution footprints in states proposing privatization. The energy network currently serves over 13.1 million distribution customers.
Oswal Pumps rises after securing Rs 236 crore solar pump order from Maharashtra
Oswal Pumps climbed 4.38% to Rs 427.65 after the company received a communication from the Maharashtra State Electricity Distribution Company for an additional order to supply 10,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS).
GK Energy secures Rs 235.92 cr order for deployment of solar-powered irrigation systems
From Maharashtra State Electricity Distribution Company
GK Energy gains after securing Rs 236 crore solar water pumping systems order from MSEDCL
GK Energy rose 2.48% to Rs 142.70 after the company announced that it had received a Letter of Empanelment (LoE) from Maharashtra State Electricity Distribution Company (MSEDCL) for the deployment of 10,000 off-grid DC solar PV water pumping systems.
Shakti Pumps shares surge 8% on Rs 354 crore solar pump order from MSEDCL
Shakti Pumps shares rose sharply on Monday trade after the company won a Rs 353.89 crore order from MSEDCL. The contract covers the supply, installation and commissioning of 15,000 off-grid solar photovoltaic water pumping systems under Maharashtra's Magel Tyala Saur Krushi Pump Yojana.
Shakti Pumps secures Rs 354 cr order from MSEDCL
Shakti Pumps India announced that it has received a letter of emplanement from Maharashtra State Electricity Distribution Company (MSEDCL) for the establishment of off-grid solar photovoltaic water pumping systems in Maharashtra.
Oswal Pumps bags additional ₹236 crore solar pump order from MSEDCL
The project covers the installation of 3 HP, 5 HP and 7.5 HP solar water pumping systems at identified farmers' sites across the state under the PM Kusum B Scheme's "Magel Tyala Saur Krishi Pump" Yojana.
Tata Power offers 'pay-as-you-save' scheme with rooftop solar system for commercial users in Punjab
Tata Power Renewable Energy Limited has launched a 'pay-as-you-save' scheme in Ludhiana, enabling commercial and industrial consumers in Punjab to adopt rooftop solar systems with zero upfront cost. This initiative aims to install 200 megawatts of solar capacity over three years, allowing businesses to repay through savings-based EMIs or lease rentals.
Tata Motors partners with Welspun Renewable Energy to develop 86 MW wind-solar hybrid project
Tata Motors has joined forces with Welspun Renewable Energy to develop an 86 MW wind-solar hybrid project. This initiative will power four of Tata Motors' manufacturing plants in Jharkhand, Uttar Pradesh, Uttarakhand, and Karnataka with clean electricity. The project aims to generate 200 million units of green power annually, significantly reducing carbon emissions and supporting the company's sustainability goals.