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S&P flags pressure on Indian Oil as high crude prices squeeze margins
S&P Global Ratings warns Indian Oil Corporation faces mounting pressure to balance affordable fuel with profitability. Prolonged Middle East tensions are escalating crude oil prices, squeezing margins and potentially impacting IOC's earnings and liquidity over the next year. The agency highlights the challenge of absorbing losses from high crude costs while meeting India's energy needs.
GE Vernova T&D India Ltd up for third consecutive session
GE Vernova T&D India Ltd is quoting at Rs 4875.2, up 1.68% on the day as on 12:49 IST on the NSE. The stock is up 158.62% in last one year as compared to a 4.19% jump in NIFTY and a 13.18% jump in the Nifty Energy index.
Transformers and Rectifiers bags Rs 228.26 cr order from Gujarat Energy Transmission Corporation
Transformers and Rectifiers India has won a significant order valued at Rs 228.26 crore from Gujarat Energy Transmission Corporation. The company will supply six transformers and two reactors. This major project is scheduled for completion by August 2028. The Ahmedabad-based firm specializes in manufacturing various types of transformers. Its shares saw a positive movement on the BSE.
Vedanta arm Talwandi Sabo Power faces Rs 127 crore penalty
Vedanta's subsidiary, Talwandi Sabo Power Ltd, must pay approximately Rs 127 crore plus late payment surcharge to Punjab State Power Corporation Ltd. The Supreme Court upheld a penalty for misdeclaration of availability in January 2017. This power plant is crucial for Punjab's energy needs. The judgment restores an earlier order from the state regulator.
MTAR Technologies shares extend rally after ₹467 crore order; shares up 398% in a year
Last week, MTAR Tech raised its FY27 revenue growth guidance to 80% from 50% earlier, led by strong order inflows from the clean energy segment and improving operating leverage.
Suzlon bags 195 MW wind energy order from Sunsure Energy
Suzlon has secured a 195 MW wind energy order from Sunsure Energy, further strengthening their partnership, which now totals nearly 300 MW. The project, located in Karnataka’s Bijapur district, will feature Suzlon’s advanced 3 MW wind turbine platform, whose cumulative sales have approached 9 GW. Under the agreement, Suzlon will supply the turbines and oversee project execution, commissioning, and long-term maintenance, supporting India’s growing renewable energy sector.
Suzlon secures repeat order of 195 MW from Sunsure Energy
Suzlon Energy has secured a repeat order of 195 MW from Sunsure Energy, taking the total sales of its highly successful 3MW platform to nearly 9 GW. This milestone reflects strong and sustained market adoption for the Suzlon 3X platform. This order builds on the ongoing partnership between Suzlon and Sunsure, bringing the cumulative partnership to nearly 300 MW across Maharashtra and Karnataka, and is expected to grow further.
Suzlon Energy's 3 MW platform reaches a milestone after a 195 MW order from Sunsure Energy
As part of the order, Suzlon will supply 65 S144 Wind Turbine Generators, with a rated capacity of 3 MW, and the project will be executed in the Bijapur District of Karnataka.
'We Want To Sell As Much Energy As India Is Willing To Buy': Marco Rubio | Watch Video
US Secretary of State Marco Rubio speaks to the press before boarding his plane at Homestead Air Reserve Base
Japan's inflation eases as Takaichi looks to lower living expenses
Japan's core CPI rose 1.4% in April, the slowest in four years, undershooting forecasts and complicating Bank of Japan's rate hike plans as PM Sanae Takaichi restores energy subsidies
Ola Electric’s home inverter play has a chemistry problem
The company’s decision to use expensive NMC cells instead of industry-standard LFP chemistry for its lithium-ion batteries has led to a massive revenue shortfall and slowdown in its home energy storage business.
More RWAs may find their place in the Sun as govt looks to scale rooftop solar installations
As part of a nationwide strategy to enhance rooftop solar energy deployment, resident welfare associations are emerging as crucial allies for the government. The PM Surya Ghar Muft Bijli Yojana is specifically designed to cater to apartment complexes and cooperative housing societies, unlocking renewable energy avenues in urban locales where individual roof spaces are limited.