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Diamond Power Infra hits the roof after securing Rs 436 crore power cable order
Diamond Power Infrastructure hit the 10% upper circuit at Rs 218.40 after the company announced that it had secured a supply order worth Rs 435.71 crore for High Tension (HT) and Low Tension (LT) power cables.
Vedanta Oil & Gas, Vedanta Iron & Steel, Vedanta Power shares crash up to 8% post Q1 updates; Vedanta Aluminium rises
Shares of Vedanta's recently demerged entities traded mixed after their Q1 business updates. Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power fell up to 8% on weaker operational performance, while Vedanta Aluminium Metal gained after reporting record quarterly aluminium production.
Diamond Power Infrastructure shares jump 10% after Rs 435 crore order for Hyderabad data centre projects
Diamond Power Infrastructure's stock surged after securing a substantial Rs 435 crore order for power cables for Hyderabad's 310 MW data center projects. This significant deal, involving major players like L&T, Sterling & Wilson, and Blue Star, underscores the company's growing prominence in supplying critical infrastructure for India's booming data center segment. The order, one of the largest of its kind, highlights Diamond Power's manufacturing prowess and reliability.
Quality Power gains as arm wins Rs 16-cr orders from Hitachi Energy India
Quality Power Electrical Equipments rose 1.39% to Rs 1,141.50 after its material subsidiary, Mehru Electrical and Mechanical Engineers has secured multiple domestic orders worth approximately Rs 15.70 crore from Hitachi Energy India.
Kirloskar Oil Engines shares snap six-day losing streak after BofA Securities projects 26% upside
Kirloskar Oil Engines is now focused on executing its first hyperscaler project successfully, which Kirloskar said will help win more business in one of the fastest growing markets for power generation equipment.
Chola Securities’ Dharmesh Kant bets on banks, power; cautions on consumer valuations
Dharmesh Kant, Head Research at Chola Securities, says India's growth outlook remains strong, driven by robust demand, infrastructure execution and healthy credit growth. He remains positive on power equipment after further correction, prefers select private and PSU banks, sees value in pharma and hospitals, and is constructive on Mumbai-focused real estate. However, he advises caution on richly valued consumer stocks despite improving business fundamentals.
Here's how the five Vedanta Group stocks are reacting to their Q1 business updates
Shares of Vedanta Ltd. ended 1.6% higher on Friday at ₹280.5. Shares of the Aluminium division ended at the flat line, while those of the Iron & Steel business, after being locked in a 5% upper circuit earlier in the day, ended 5% lower. The Oil and Gas business saw its shares fall over 4% as well, and the Power business shares fell over 6%.
Laser Power & Infra IPO: Price band set at ₹203-214 per share; check key dates, issue details
The Laser Power & Infra IPO will open for subscription on 9 July and close on 13 July, with a price band of ₹203 to ₹214. The company seeks to raise ₹742 crore, primarily for debt repayment and corporate purposes.
Vedanta Power shares fall 3% despite 38% jump in Q1 sales. Should you buy, sell or hold?
Vedanta Power share price dipped 3% despite a significant 38% year-on-year surge in power sales for the June quarter, driven by Meenakshi Energy's expansion and Talwandi Sabo's consistent output. While Meenakshi Energy saw a 245% jump, Sakti Thermal Plant faced a shutdown due to a boiler blast. Brokerages remain divided on the company's valuation, with targets ranging from Rs 35 to Rs 60 per share.
Power Grid Share Price Live Updates: Power Grid's Trading Volume Insights
Laser Power & Infra fixes the price band for its ₹742 crore IPO — More details here
Kolkata-based, Goel family-promoted Laser Power & Infra plans to raise ₹742 crore through the public issue, comprising a fresh issue of shares worth ₹542 crore and an offer-for-sale (OFS) of ₹200 crore by existing promoters.
India, Australia set to seal uranium supply pact during PM Modi’s visit
Prime Minister Modi's Australia visit is set to feature a significant uranium supply pact, bolstering India's nuclear power ambitions. Discussions will also cover critical minerals, cybersecurity, and clean energy. This follows a decade-old framework and aims to deepen economic ties, building on the landmark ECTA trade agreement which has already boosted bilateral trade to $54.4 billion.