Market News
Stay updated with the latest market trends, earnings, and economic indicators.
HCL in 'positive direction' on takeover of 4 copper blocks in Chile; advisors studying data
Hindustan Copper Limited is advancing positively on acquiring four Chilean copper blocks. Transaction advisors are studying data and regulatory issues are being examined. This move aims to secure critical raw materials for India's green energy transition. The company is bidding jointly with NTPC Mining and Coal India Limited.
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.
Govt seeks proposals for coal gasification projects under Rs 37,500-cr incentive scheme
The incentive, launched in May this year, is aimed at promoting surface coal/lignite gasification for the production of syngas and downstream value-added products such as synthetic natural gas (SNG), urea, ammonium nitrate, methanol, DME and other chemicals, thereby enhancing the country's energy security, reducing import dependence, and facilitating utilisation of domestic coal and lignite resources.
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.
Weak monsoon dries up India's hydropower as dam output records sharpest fall in over two years
India's hydropower generation significantly dropped in June due to a delayed monsoon. Shrinking reservoir levels limited water availability for electricity production. Coal, nuclear, and renewable energy plants increased output to meet demand. Recent rains have improved monsoon progress, potentially reviving hydropower generation. Electricity demand has also softened after the summer heatwave subsided.
IIFL initiates coverage on Adani Power with target price at Rs 240, estimates EBITDA to quadruple by FY33-35E
IIFL initiated coverage on Adani Power with a 'Buy' rating and Rs 240 target price. The brokerage forecasts EBITDA to quadruple by FY33-35E due to growth pipeline. Adani Power is building significant new coal capacity, expanding its operational base. Free cash flow from operations is expected to rise substantially after portfolio buildout. The company also plans future ventures into nuclear and hydro power generation.
South West Pinnacle gains after bagging Rs 167-cr RIL contract
South West Pinnacle Exploration rose 2.80% to Rs 225.86 after the company secured a work order worth approximately Rs 166.82 crore from Reliance Industries (RIL) for providing Coal Bed Methane (CBM) production services in Madhya Pradesh.
RIL expands CBM production contract worth Rs 163 crore with SWPE
Reliance Industries Limited has extended its Coal Bed Methane production contract with South West Pinnacle Exploration. This awarded work is expected to generate revenue from the second quarter of FY 2026-27. South West Pinnacle Exploration also received a separate contract from CMPDI for exploration services. This pact valued at Rs 5.89 crore will strengthen SWPE's order book. The exploration work is scheduled for completion within 180 days.
Buy, Sell Or Hold: ITC, LIC, BEL, Coal India, Uno Minda And Vedanta Power — Ask Profit
Market experts shared buy, sell and hold recommendations for an array of stocks.
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.