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Advait Energy gains after securing Rs 251-cr PGVCL orders for underground power network projects
Advait Energy Transitions rose 1.36% to Rs 2,226.20 after it has secured four domestic turnkey contracts worth a combined Rs 250.59 crore from Paschim Gujarat Vij Company (PGVCL).
Advait Energy shares edge up after ₹251 crore Gujarat power project wins
Advait Energy Transitions has secured four turnkey contracts worth ₹250.59 crore from Paschim Gujarat Vij Company Ltd to develop underground power distribution infrastructure across Gujarat, with the projects to be executed over the next 18 months.
Adani Power, Adani Green, Adani Ports to Adani Enterprises: Gautam Adani group stocks rise up to 5%. Do you own any?
Adani Total Gas led the gains, surging more than 5%. Adani Green Energy and Adani Energy Solutions advanced over 3% each, while Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), Adani Power, Ambuja Cements and ACC gained more than 2% each.
NALCO shares in focus on JV with NLC India for 1,080 MW thermal plant in Odisha
National Aluminium Company and NLC India have signed an agreement for a joint venture. This new entity will establish a 1,080 MW captive thermal power plant in Odisha. The plant will supply electricity for NALCO's aluminium smelter expansion project. Partners will also explore renewable energy sourcing and long-term coal supply. Both government-owned companies will hold equal stakes in the proposed joint venture.
Nalco, NLCIL sign JV pact to set up 1,080 MW captive power plant in Odisha
National Aluminium Company and NLC India have signed a joint venture agreement. They will jointly establish a 1,080 MW thermal captive power plant in Odisha. This new plant will supply essential power to Nalco's aluminium smelter expansion project. The collaboration also aims to explore renewable energy and secure coal supply. This strategic partnership will enhance Nalco's power generation capabilities.
Advait Energy bags ₹52 crore power distribution contract from Dakshin Gujarat Vij
Shares of Advait Energy Transitions Ltd ended at ₹2,148.00, down by ₹34.80, or 1.59%, on the BSE.
EL Nino to hit India's energy system harder than anywhere else in world: CREA report
India's energy system faces a significant El Nino impact, with reduced renewable power generation and increased demand for air conditioning. A CREA analysis predicts a potential 18 TWh generation gap, likely leading to a surge in coal-fired power and substantial CO2 emissions. The report stresses the urgency of accelerating solar and battery deployment to bolster grid resilience against extreme weather.
El Nino threatens to fuel coal power surge in India, study says
A potential super El Niño could put more pressure on India's power grid than any other country's and slow its transition away from coal, according to a new report by the Centre for Research on Energy and Clean Air (CREA).
India's power sector enters "value chain" reset led by transmission, storage and demand growth: Report
India's power sector is undergoing a overhaul, with transmission infrastructure and energy storage identified as key drivers for the next decade. Projections show installed capacity soaring to 900GW by FY32, supported by continued coal use and a surge in renewables. This expansion hinges on deploying increased energy storage to manage grid stability and meet rising demand from industries and new sectors.
Coal India's SECL strengthens monsoon measures for uninterrupted supply
SECL, a Coal India subsidiary, has implemented robust monsoon preparedness to ensure uninterrupted coal supplies crucial for India's energy security. The company achieved its best-ever first-quarter performance in production and offtake, with a significant portion directed to power utilities. SECL's extensive operations across Chhattisgarh and Madhya Pradesh underscore its vital role in meeting national energy demands.
Coal India bags Rs 2,831 crore 600 MW solar plant deal in UP
State-owned Coal India Limited has clinched a significant ₹2,831.11 crore contract to build a 600 MW solar power facility in Uttar Pradesh's Jalaun Solar Park. This massive project, split into two 300 MW blocks, will supply electricity at a fixed rate of ₹2.73 per kWh. The deal was awarded by Bundelkhand Saur Urja Limited, marking a major green energy push for the mining giant.
Coal India production drops 7.5 pc in Q1
Coal India Limited (CIL) reported a 7.5% dip in production to 169.6 million tonnes during the first quarter of the current fiscal year, despite soaring power sector demand. While some subsidiaries saw declines, overall sales increased by 7.5% in June and 3.5% for the quarter. This comes as India gears up for increased power demand, highlighting CIL's crucial role in national energy security.