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Power Mech projects gains after bagging Rs 1,009-cr order from JSW Thermal Energy
Power Mech Projects rallied 3.29% to Rs 2,934.05 after the company announced that it had secured a contract worth Rs 1,008.90 crore from JSW Thermal Energy.
Power Mech Projects jumps 4% as company bags Rs 1,009 crore JSW Thermal Energy contract
Power Mech Projects shares rose after the company secured a Rs 1,008.90 crore order from JSW Thermal Energy for civil and structural works at a thermal power project in Salboni, West Bengal. The order strengthens revenue visibility over the next three years and reinforces the company’s position in the power infrastructure and EPC space.
Power Mech bags ₹1,008.9 crore order from JSW Thermal Energy
Order covers civil and structural works in the BTG area of a 2x800 MW thermal power project in West Bengal and is scheduled for execution over 36 months.
Power and IT set to remain dominant industries as pvt sector leads India's investment landscape in post-Covid era: Report
Power and IT sectors are set to lead India's economic growth. New investment announcements show a strong focus on electricity and technology. This trend is driven by digital infrastructure and renewable energy needs. The private sector is now a major investor. Transport, chemicals, and metals also see substantial capital allocation. Consumer segments hold smaller shares.
'Expensive' valuations may not necessarily lead to underperformance, Jefferies explains
Jefferies has highlighted JSW Energy, Adani Energy Solutions, Premier Energies and Siemens Energy as their top picks within the power theme.
JSW Energy, Adani Energy In Focus: Jefferies Sees Opportunity In Power Stocks Despite Rich Valuations
On the supply side, Jefferies pointed to ongoing capacity expansion plans among private-sector companies.
Avaada targets 17.7 GW renewable energy capacity within two years
Avaada Group is set to significantly expand its renewable energy capacity. The company plans to add 10.5 gigawatts over the next two years. This expansion will bring Avaada's total installed generation capability to 17.7 gigawatts. Power purchase agreements are already secured for these upcoming projects. This growth aligns with India's clean energy transition goals.
India aims to reach 155 GW of installed wind energy capacity by 2035: Union minister Joshi
India is targeting 100 gigawatts of wind energy by 2030 and 155 gigawatts by 2035. A new digital portal, WT-MARUT, has been launched to strengthen the wind turbine supply chain. This initiative will boost domestic manufacturing and enhance India's global competitiveness. The country is already a major player, with significant growth in wind power installations.
JSW Energy gains on acquiring Chhattisgarh-based thermal power plant operator
JSW Energy added 1.32% to Rs 567 after the company said that it has signed a definitive agreement with Kolahai Infotech and SFI Parcel Services to acquire 100% equity shares of Maruti Clean Coal & Power (MCCPL).
Stocks to Watch Today: NLC India, Dr Reddys Labs, Ashoka Buildcon, JSW Energy, Aurobindo Pharma, Power... - Moneycontrol.com
Stocks to Watch Today: NLC India, Dr Reddys Labs, Ashoka Buildcon, JSW Energy, Aurobindo Pharma, Power...Moneycontrol.com
Stocks to Watch for June 15: Vedanta, Aurobindo Pharma, JSW Energy, Dr Reddy's and more
From Vedanta's demerged entities market debut to JSW Energy's wholly owned subsidiary JSW Neo Energy Ltd commissioning the full 150 MW capacity of the Tidong Power Generation Private Ltd hydroelectric project in Himachal Pradesh, here are some stocks to track ahead of Monday's trading session.
JSW Energy to acquire Chhattisgarh-based thermal power plant operator Maruti Clean Coal & Power
JSW Energy said that it has signed a definitive agreement with Kolahai Infotech and SFI Parcel Services to acquire 100% equity shares of Maruti Clean Coal & Power (MCCPL).