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Philippines' Aboitiz in talks for majority stake in Fourth Partner
Philippine firm Aboitiz Power is in discussions to buy a significant stake in Indian renewable energy company Fourth Partner Energy. Early investors in Fourth Partner are looking to sell their holdings. This move signals continued investment in India's green energy sector. Fourth Partner Energy supplies power to commercial and industrial clients and has international projects.
Solar, wind stocks surge up to 12% as crude oil price spike and Gulf tensions boost renewable energy bets
Renewable energy stocks bucked the trend of the broader market fall, as investors rotated into companies linked to solar and wind power. Rising crude oil prices and geopolitical tensions in the Middle East strengthened investor interest in alternative energy plays.
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.
Power Grid Corporation: Poised for next capex cycle as India’s energy transition accelerates
Strong order inflows, rising capitalisation, and renewable energy transmission projects improve long-term earnings visibility