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Waaree Energies shares rocket 12%, up 18% in 3 sessions! What’s behind the stellar rally?
Waaree Energies shares climbed significantly on Wednesday. This surge follows the company's announcement of a major solar ingot and wafer manufacturing facility in Nagpur. The 10 GW capacity unit is set to boost India's clean energy manufacturing. Additionally, Waaree Energies is now the title sponsor for Rajasthan Royals. This partnership aims to promote clean energy as a people's movement.
NHPC shares in focus on likely Cabinet discussion on hydro projects
The proposed scheme aims to promote small hydro power projects and strengthen clean energy generation in the country.
Iran war: Adani Power, Hatsun Agro among 10 stocks that surged up to 40% since conflict began
Amidst geopolitical tensions and market corrections, select Indian stocks have surged significantly. Defence, jewellery, digital infrastructure, and energy sectors have shown robust performance, with companies like Swan Defence, Bluestone Jewellery, Sterlite Technologies, and Adani Power leading the gains. Resilience in banking and consumption stocks also highlights selective investor interest in stable businesses.
Italian energy major Enel files international arbitration against Waaree Energies
Italian energy giant Enel SpA has launched arbitration proceedings against solar manufacturer Waaree Energies Ltd. The case, filed in London, concerns alleged loss of profits following a failed acquisition of Enel's Indian renewable arm. Waaree Energies disputes the claims and plans to contest them. The financial impact remains undetermined pending the arbitration outcome. Waaree will explore all legal options.
Tracker-mounted solar projects give higher output than fixed-tilt systems: Study
A study by SgurrEnergy and Nextpower found that single-axis solar tracker systems in India generate 15–23% more energy than fixed-tilt installations and deliver higher efficiency across key performance metrics. The analysis, based on projects in Rajasthan, Andhra Pradesh and Madhya Pradesh, showed trackers also improve capacity utilisation and performance ratios while requiring 14–18% lower installed capacity to achieve similar output.
Reliance Industries signs $3 billion green ammonia supply deal with Samsung C&T
Reliance Industries has struck a groundbreaking deal with Samsung C&T, marking a pivotal moment in environmental progress. The extensive 15-year agreement, worth over $3 billion, will kick off with the supply of green ammonia beginning in late fiscal 2029. This collaboration embodies Reliance's ambitious move towards clean energy production, reflecting the escalating international demand for sustainable fuel alternatives.
Why might President Trump find it hard to reopen the Strait of Hormuz?
President Trump is demanding allies help reopen the Strait of Hormuz, vital for global energy supplies, after Iran's blockade following a U.S.-Israeli attack. Despite potential coalition efforts, securing the narrow waterway against Iran's diverse threats, including drones and mines, presents significant challenges.
Strike forces fresh halt to oil loading at UAE’s Fujairah port, underscoring risks to global supplies
Port of Fujairah, a vital UAE oil hub, faced another strike. Oil loading operations were suspended. This follows a recent drone attack that caused a fire. The port bypasses the Strait of Hormuz. These repeated disruptions highlight energy supply risks. Crude futures have risen amid fears of further attacks.
JSW Energy, NTPC Green, Tata Power, other power stocks lose steam, fall up to 3%
Power stocks, including JSW Energy, NTPC Green Energy and Tata Power saw a dip on Monday investors likley booked profits after last week’s heatwave-driven rally. Rising temperatures and weather alerts had boosted demand expectations, but recent forecasts of rain and storms tempered sentiment.
'Already yielding results': EAM Jaishankar champions direct dialogue with Tehran to secure Indian tankers in Strait of Hormuz
India is actively engaging with Iran to reopen the Strait of Hormuz. External Affairs Minister S Jaishankar believes direct talks are the most effective approach. This strategy has already seen Indian-flagged vessels pass through the vital waterway. India prioritizes its energy security amidst rising tensions in the Middle East. Discussions are ongoing to ensure continued safe passage for Indian ships.
HMEL to invest Rs 2,600 cr in speciality, fine chemicals sector in Punjab: LN Mittal
HPCL-Mittal Energy Limited (HMEL) announced a Rs 2,600 crore investment in Punjab's speciality and fine chemicals sector. Additionally, HMEL plans to launch 500 new retail fuel outlets nationwide, equipped with modern technology. This expansion follows HMEL's significant Rs 60,000 crore investment in its Bathinda refinery, Punjab's sole oil refinery.
Stocks to Watch today: ACME Solar, Gravita India, Kalpataru, Raymond Realty
Stocks to Watch today, March 13: Aurobindo Pharma, Godrej Properties, KPI Green Energy, JK Lakshmi Cement, Max Financial Services, and Nectar Lifesciences are among the top stocks to remain in focus