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MTAR Technologies Q4 Results: Profit soars over 200% to Rs 44 crore; revenue up 67%
MTAR Technologies reported a sharp rise in March-quarter earnings as strong revenue growth and improved operating efficiency boosted profitability. The precision engineering company benefited from higher product sales and expanding opportunities across clean energy, aerospace, defence, and strategic manufacturing sectors.
Govt mulls incentives to boost floating solar panel installation
India plans incentives for floating solar panels to spread renewable energy across the country. This aims to avoid concentration in a few states. The nation envisions significant renewable energy capacity and battery storage by 2050. Efforts are underway to boost domestic manufacturing of solar components. Addressing renewable energy curtailment and strengthening grid infrastructure are top priorities.
Q4 Results Live Updates: UPL Announces Dividend; Shyam Metalics Profit Up 61%
UPL, JSW Energy and Canara Bank among companies to report Q4 earnings today.
Waaree Energies eyes solar cell unit in the US
Waaree Energies is planning significant expansion in the US. The company may build a solar cell manufacturing facility there. This follows an increase in module manufacturing capacity. Waaree aims to boost its market share in the growing US solar market. The company is also focusing on an energy transition ecosystem in India.
Evening peak power demand exposes gaps in India’s energy transition: Citi
India's power sector is shifting focus from electricity shortages to ensuring reliable power during non-solar hours. Rapid renewable energy growth creates challenges for evening and night-time demand. The country needs enhanced transmission and storage infrastructure. Battery storage and flexible thermal generation will be crucial. Delays in capacity additions could lead to power shortages. Coal power will remain important.
Gujarat builds 870 MW battery power backup network to stabilise renewable energy grid
Gujarat has launched battery storage systems totaling 870 MW across five locations to ensure renewable power grid stability. The state has also registered 13 additional projects and integrated BESS with its first solar village, Modhera. This initiative strengthens Gujarat's position as a leader in battery storage solutions in India.
Tata Comm acquires stake in Clean Max SPV
For captive consumption of renewable energy
Bondada receives its second order worth Rs 816 cr from NTPC Group
Bondada Engineering has received a prestigious Notification of Award (NOA) from NTPC Green Energy for execution of Balance of System (BOS) works for a 600 MW for Block - 1 & Block - 3 Solar PV Project at Fatehgarh, Rajasthan.
Abakkus trims banking exposure, adds solar and power-linked capital goods stocks
Aman Chowhan, Fund Manager at Abakkus Asset Manager, which manages assets worth nearly $2.06 billion, said the sharp market rebound over the past few weeks has caught many investors by surprise, even as the fund stayed selectively bullish through the correction. The Mumbai-based AMC increased exposure to renewable energy, power-linked capital goods and select metal plays, while trimming some banking exposure. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Tata Power, Bhutan's DGPC expand hydropower partnership to over 5,000 MW
Tata Power and Bhutan's Druk Green Power Corporation (DGPC) have expanded their clean energy partnership with the addition of the 404 MW Nyera Amari I & II Integrated Hydropower Project, taking the total identified hydropower capacity under the collaboration to 5,033 MW from 4,500 MW earlier.
L&T's Energy Hydrocarbon vertical bags 'significant' EPC contract from BCGCL
Larsen & Toubro said that its L&T Energy Hydrocarbon Onshore division has secured a significant EPC order from Bharat Coal Gasification and Chemicals (BCGCL).
L&T Energy Hydrocarbon Onshore wins order from Bharat Coal Gasification and Chemicals
L&T Energy Hydrocarbon Onshore continued the momentum from its recent large order win, by securing another EPC order (significant) from Bharat Coal Gasification and Chemicals (BCGCL), a joint venture of Coal India (CIL) and Bharat Heavy Electricals (BHEL), for a Coal-to-Ammonium-Nitrate project in Odisha. According to the company's project classification, the order is valued in the range of Rs 1,000 crore to Rs 2,500 crore.