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Vedanta Power shares fall 3% despite 38% jump in Q1 sales. Should you buy, sell or hold?
Vedanta Power share price dipped 3% despite a significant 38% year-on-year surge in power sales for the June quarter, driven by Meenakshi Energy's expansion and Talwandi Sabo's consistent output. While Meenakshi Energy saw a 245% jump, Sakti Thermal Plant faced a shutdown due to a boiler blast. Brokerages remain divided on the company's valuation, with targets ranging from Rs 35 to Rs 60 per share.
Power Grid Share Price Live Updates: Power Grid's Trading Volume Insights
India, Australia set to seal uranium supply pact during PM Modi’s visit
Prime Minister Modi's Australia visit is set to feature a significant uranium supply pact, bolstering India's nuclear power ambitions. Discussions will also cover critical minerals, cybersecurity, and clean energy. This follows a decade-old framework and aims to deepen economic ties, building on the landmark ECTA trade agreement which has already boosted bilateral trade to $54.4 billion.
Stocks in news: HDFC Bank, Vedanta Power, YES Bank, Sun Pharma, Waaree Energies
Indian markets surged for a third straight day, buoyed by global sentiment and strong performance from heavyweight stocks like HDFC Bank and YES Bank. Analysts note a technical breakout, though resistance looms. Several companies, including Dabur India and Vedanta Power, reported positive quarterly updates, while Tata Power withdrew a controversial distribution application. ONGC's leadership eligibility criteria have also been broadened.
Tata Power backs off from distribution biz in Karnataka amid backlash
Tata Power has withdrawn its bid to enter Karnataka's electricity distribution network across half the state, following strong opposition from unions and the state government. The company informed the Karnataka Electricity Regulatory Commission of its decision, which comes after a cabinet resolution directing electricity supply companies to object to Tata's entry. This move aims to protect the existing public sector distribution model.
India's power sector enters "value chain" reset led by transmission, storage and demand growth: Report
India's power sector is undergoing a overhaul, with transmission infrastructure and energy storage identified as key drivers for the next decade. Projections show installed capacity soaring to 900GW by FY32, supported by continued coal use and a surge in renewables. This expansion hinges on deploying increased energy storage to manage grid stability and meet rising demand from industries and new sectors.
Quality Power arm Mehru Electrical wins Rs 16-cr orders from Hitachi Energy India
Quality Power Electrical Equipments said its material subsidiary, Mehru Electrical and Mechanical Engineers has secured multiple domestic orders worth approximately Rs 15.70 crore from Hitachi Energy India.
Vedanta among top 5 stocks with lowest price-to-earnings ratio. Check details
Repco Home Finance, LIC Housing Finance, Power Finance Corporation, Vedanta and The Great Eastern Shipping feature among the cheapest stocks by price-to-earnings ratio. Most are widely held by mutual funds and carry strong Value Research ratings.
US' Holtec eyes tie-ups with NTPC, Vedanta to build nuclear reactors
US firm Holtec International is planning a significant 15 GW small modular reactor (SMR) project pipeline in India. Advanced talks are underway with NTPC for a fleet-development platform, and discussions with Vedanta Group are exploring SMR-300 deployment for industrial use. This move follows India's SHANTI Act, 2025, which opened doors for private sector participation in nuclear power.
Hitachi Energy Confident Of 'Level Playing Field' As Govt Allows Select Chinese Firms In Power Bids
Commenting on the decision, Venu said it reflects the realities of India's rapidly expanding renewable energy ecosystem and the supply chain disruptions witnessed in recent years.
Tata Power offers 'pay-as-you-save' scheme with rooftop solar system for commercial users in Punjab
Tata Power Renewable Energy Limited has launched a 'pay-as-you-save' scheme in Ludhiana, enabling commercial and industrial consumers in Punjab to adopt rooftop solar systems with zero upfront cost. This initiative aims to install 200 megawatts of solar capacity over three years, allowing businesses to repay through savings-based EMIs or lease rentals.
NTPC Renewable Energy signs PPA with PTC India
For sale of 1,200 MW of solar power