Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Power finance cos turn to global markets for cheaper funds
Indian power and renewable energy firms are looking abroad for loans. The Reserve Bank of India's new dollar-rupee swap facility has made foreign currency borrowing cheaper. Companies like REC and PFC are planning to raise significant funds through external commercial borrowings. This move is expected to lower borrowing costs for these public sector undertakings.
Dipan Mehta sees long-term opportunity in PG Electroplast, Kitex and power plays
Dipan Mehta, Director of Elixir Equities, says India’s air-conditioner outsourcing story remains a strong long-term opportunity, with companies like PG Electroplast and Amber benefiting from rising demand and scale advantages. He is also positive on power transmission players linked to renewable energy growth, sees export opportunities emerging from rupee depreciation, and expects textiles and select pharma names to deliver strong growth despite near-term market volatility.
CleanMax, Sangam India partner for hybrid renewable energy supply in Rajasthan
CleanMax Enviro Energy Solutions and Sangam India have joined forces. This partnership aims to reduce carbon emissions for Sangam India's operations in Rajasthan. A hybrid renewable energy supply agreement has been signed. It will provide solar and wind power, supported by battery storage. This will power five Sangam facilities across Rajasthan.
DCM Shriram okays ₹217-cr investment in Gujarat's Bharuch renewable power project
The investment will enable the company to obtain around 48 MW of additional renewable power supply for the Bharuch plant, including about 30 MW of round-the-clock power at a 75% capacity utilisation factor. Shares of DCM Shriram Ltd ended at ₹1,018, up by ₹28, or 2.83%, on the BSE today, March 12.
Oriana Power gains on bagging EPC contract worth Rs 1,181 crore
Oriana Power jumped 5.52% to Rs 1,894.40 after the company secured an EPC contract worth Rs 1,180.53 crore from a renewable energy developer for a solar power project at the Maithon Dam Reservoir of Damodar Valley Corporation (DVC) in Jharkhand.
Momentum Stocks: Fabtech Tech, Arvind Smart, Vdeal System rally up to 16% on sheer momentum
GE Power India and Vidya Wires were locked in the upper circuit, indicating strong buying demand and limited availability of sellers, a sign of bullish near-term sentiment.