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PFC-REC merger: Which stock should you buy before the mega demerger creates Rs 11 lakh cr power financing giant
Power Finance Corporation (PFC) and REC's boards have approved a merger, creating India's largest power financing institution with a Rs 11 lakh crore loan book. The combined entity is poised to capitalize on the ongoing power sector capital expenditure cycle, including renewable energy and transmission projects. Analysts suggest the merger offers strategic advantages and improved capital allocation, positioning the new giant for significant growth.
Diffusion Engineers rises after bagging Rs 26-cr order for power sector supplies
Diffusion Engineers rose 3.02% to Rs 428 after the company announced that it has received a domestic order worth about Rs 26.31 crore for the supply of RAPH rotor assembly for the power industry.
Power sector: Antique picks NTPC, Adani Power, ACME Solar; here's why
Antique said that it prefers companies with exposure to firm power generation and transmission-linked opportunities. It has maintained a 'Buy' rating on NTPC, Adani Power, and ACME Solar.
AI Couldn't Replace Experience: Ford Rehires 300 Veteran Engineers Who Carry 'Wisdom'
Ford topped the latest JD Power Initial Quality Survey among mainstream brands.
India sets sights on easier N-plant site selection
India is streamlining the site selection process for new nuclear power plants to accelerate atomic energy expansion. A simplified checklist approach is being explored, shifting initial site evaluation responsibility to private developers. This aims to cut lengthy approval times, crucial for achieving ambitious capacity targets and encouraging private sector participation in nuclear generation.
Draft National Electricity Data Sharing Framework unveiled
The framework will apply to all electricity sector data created and maintained by power generating companies, transmission licensees, distribution licensees, load despatch centres, regulatory commissions, government agencies including Central Electricity Authority, Grid India and power exchanges, among others.
Delhi peak power demand hits all-time high of 8,748 MW amid heatwave conditions
In an extraordinary turn of events, Delhi's power consumption skyrocketed to an all-time high of 8,748 MW on Monday, driven by a relentless heatwave. City officials commend the effective power infrastructure and strategic foresight that allowed for uninterrupted service. Nevertheless, this surge places immense pressure on transmission capabilities, with forecasts suggesting continued rises in usage throughout the season.
SJVN signs PPAs with Gujarat Urja Vikas Nigam for hydro power from Himachal Pradesh
Shares of SJVN Ltd ended at ₹71.90, down by ₹0.20, or 0.28%, on the BSE.
Diffusion Engineers bags Rs 26-cr order for power sector supplies
Diffusion Engineers announced that it has received a domestic order worth about Rs 26.31 crore for the supply of RAPH rotor assembly for the power industry.
SWSOLAR JV wins USD 560 million solar project in Egypt
Sterling and Wilson Renewable Energy announced that the company, in a 50-50 joint venture with Hassan Allam Construction - one of the leading contractors in Egypt and the MENA region, has secured an order today, valued at approximately USD 560 million for West Minya Solar Power Project in Minya Governorate, Egypt.
Lineage Power signs supply agreement with Guangzhou Rongjie Energy Technology Co.
To procure 3 GWh of Lithium Iron Phosphate (LFP) battery cells and related accessories
Om Power Transmission gains on bagging Rs 19-cr transmission line order
Om Power Transmission rose 4.42% to Rs 189.95 after the company has secured a Letter of Award from SAEL Industries for the supply, erection, stringing, testing, and commissioning of a single-circuit 220 kV transmission line, valued at Rs 18.50 crore.