Market News
Stay updated with the latest market trends, earnings, and economic indicators.
India, US companies hold talks on nuclear energy cooperation
India and US nuclear industry leaders met to boost collaboration. Discussions focused on reducing costs and construction times for nuclear power projects. India aims for 100 GW nuclear capacity by 2047. The US delegation represents advanced reactor technologies and fuel cycle innovation. New opportunities for partnerships in project development and manufacturing are being explored.
Block deal: JSW Energy sells Rs 3,150 crore JSW Steel stake to GQG, SBI Mutual Fund
JSW Energy has divested a portion of its JSW Steel stake for Rs 3,150 crore to fund its aggressive power generation expansion. The company aims to reach 30 GW capacity by 2030, bolstered by both renewable and thermal power projects. This strategic move enhances capital allocation and supports long-term growth initiatives.
Small-cap stock jumps over 17% to hit six-month high after securing multiple orders
Bajel Projects' shares rose 17.5% after securing multiple orders from Power Grid Corporation, enhancing its order book. The projects, valued between ₹200-300 crore each, include a new substation and transmission line, set for completion in 21 months.
Bajel Projects jumps after bagging major EPC order
Bajel Projects surged 11.54% to Rs 190.90 after the company secured a major EPC order for a 400 kV transmission line project from Power Grid Corporation of India through its SPV, Bellary Davanagere Power Transmission.
Bajel Projects bags 'major' EPC order for 400 kV transmission project
Bajel Projects secured a major EPC order for a 400 kV transmission line project under the Bellary-Davanagere renewable energy evacuation scheme, awarded by Power Grid Corporation of India Ltd through its SPV Bellary Davanagere Power Transmission.
Bajel Projects wins ₹200–₹300 crore 400kV transmission line order from Power Grid SPV
Shares of Bajel Projects Ltd ended at ₹169.95, up by ₹2.35, or 1.40%, on the BSE.
L&T to set up extra-high voltage substations in Middle East
Larsen & Toubro's Power Transmission & Distribution division has won new orders in the Middle East. The company will build extra-high voltage substations. These projects will ensure reliable power supply to major areas. They will also help decongest existing power grids. The orders are for turnkey projects with strict delivery schedules.
Power, renewable energy ministries to discuss green power curbs and grid penalties
Renewable energy and power ministries will convene Wednesday to address industry concerns regarding the deviation settlement mechanism and curtailment of green power. Stricter grid compliance rules have raised viability issues for renewable energy projects, prompting ongoing discussions and government examination of these critical matters.
Tata Power in talks with three states for its nuclear power project plan
Tata Power is taking significant strides in its pursuit of nuclear energy. Currently, negotiations are underway with three states regarding its upcoming projects. Anticipation builds as a comprehensive project report is slated for release within the next six months. Additionally, Tata Power is teaming up with NPCIL to bring these nuclear initiatives to fruition.
Stocks to Watch for May 13: Dixon, Neuland, Torrent Power, Tata Power, Bharti Airtel and more
Tata Power, Torrent Power and Dr. Reddy's report weaker Q4, Berger Paints, Neuland Laboratories, MTAR Technologies and Kalpataru Projects post strong gains, Vodafone Idea plans fundraise. Here are few stocks to keep an eye on ahead of Wednesday's trading session.
NTPC to submit first nuclear project feasibility study
Power giant NTPC is set to submit its first nuclear project feasibility study to the Department of Atomic Energy. This move aims to secure approval for standalone nuclear projects. NTPC plans to achieve 2 GW of nuclear capacity by 2032. The company is also exploring sites in Bihar and other states for its ambitious nuclear expansion plans.
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.