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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.
Tata Power shares crash 7% after Q4. What are Goldman Sachs and Motilal Oswal saying?
Tata Power shares dropped after its Q4 FY26 profit declined. Revenue also saw a year-on-year decrease. However, the company's renewable energy segment and solar manufacturing business showed significant growth. Brokerage firms provided varied outlooks, with some recommending 'Buy' and others 'Sell', citing different growth drivers and risks.
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.
Torrent Power Q4 profit sinks 70%; revenue, margin flat; ₹5 dividend declared
Consolidated net profit falls 70% due to a high base in lieu of a one-time deferred tax reversal in FY25; plans ₹10,000 crore NCD fundraising and expands thermal, renewable capacity. Shares of Torrent Power ended 4.77% lower at ₹1,600.70 on the NSE, on Tuesday, May 12 ahead of the results.
JSW Energy shares in focus Q4 net profit rises 38% to Rs 574 crore, revenue up 41%
JSW Energy shares are in focus after a strong March quarter. The company reported a 38% profit jump and 41% revenue growth year-on-year. Power sales volume climbed significantly. Renewable and thermal generation saw substantial increases. The company also recommended a dividend payout. This performance boosts investor interest.
China-like grid planning needed to meet renewable energy goal: MNRE secretary
India aims for 1,800 gigawatts of renewable energy by 2050. Achieving this requires a super grid, similar to China's. The government plans to spend $574 billion by 2030 on high-voltage lines. Enhanced grid infrastructure will address power evacuation challenges. Policymakers are working with states to ensure necessary equipment and storage systems are in place for better renewable energy integration.
Evening peak power demand exposes gaps in India’s energy transition: Citi
India's power sector is shifting focus from electricity shortages to ensuring reliable power during non-solar hours. Rapid renewable energy growth creates challenges for evening and night-time demand. The country needs enhanced transmission and storage infrastructure. Battery storage and flexible thermal generation will be crucial. Delays in capacity additions could lead to power shortages. Coal power will remain important.
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.
Abakkus trims banking exposure, adds solar and power-linked capital goods stocks
Aman Chowhan, Fund Manager at Abakkus Asset Manager, which manages assets worth nearly $2.06 billion, said the sharp market rebound over the past few weeks has caught many investors by surprise, even as the fund stayed selectively bullish through the correction. The Mumbai-based AMC increased exposure to renewable energy, power-linked capital goods and select metal plays, while trimming some banking exposure. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Adani Green Energy incorporates units to operate in renewable energy space
Adani Green Energy Limited has established new companies for clean energy power generation. These step-down subsidiaries were incorporated by its wholly-owned subsidiary, Adani Renewable Energy Sixty Four Limited. The new entities will focus on generating power from renewable energy sources. Adani Green Energy is a key player in developing and operating solar, wind, and energy storage solutions.
Waaree Renewable to acquire 55% stake in Associated Power Structures for Rs 1,225 crore
Waaree Renewable Technologies is gearing up to strengthen its market position with a Rs 1,225 crore acquisition of a 55 percent stake in Associated Power Structures. This deal will officially transform Associated Power Structures into a subsidiary of Waaree by June 15, 2026. Such a substantial investment signifies a transformative moment for the renewable energy landscape.
SPML Infra surges after bagging Rs 1128 crore BESS project from NTPC
SPML Infra jumped 4% to Rs 222.20 after the company announced that it has secured a landmark Rs 1,128 crore contract to develop a 1 GWh battery energy storage system (BESS) at NTPC Limited's Barauni Thermal Power Station in Bihar.