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Jefferies initiates coverage on GE Vernova, bullish on 2 other power transmission stocks
Jefferies has initiated coverage on GE Vernova T&D India with a Hold rating and a target price of ₹6,000, citing limited upside despite strong sector tailwinds. The brokerage remains bullish on Hitachi Energy India and Siemens Energy India, reiterating Buy ratings with target prices of ₹43,145 and ₹4,500, respectively.
Power Mech Projects shares gain 5% as company secures ₹1,009 crore JSW Thermal Energy contract
Power Mech Projects shares rose 5% after securing a ₹1,008.90 crore order from JSW Thermal Energy for civil and structural works in West Bengal. The contract, to be completed in 36 months, enhances the company’s order book amid a series of recent large contract wins.
Resonia wins Telangana transmission project to boost renewable energy connectivity
Resonia, formerly Sterlite Power's transmission arm, has secured a significant project in Telangana from Power Finance Corporation. This initiative aims to bolster power transmission links between Andhra Pradesh and Telangana, improving grid flexibility and facilitating the integration of renewable energy from the Kurnool REZ. The project involves establishing a new substation and enhancing existing infrastructure to support this crucial connectivity.
Power Mech projects gains after bagging Rs 1,009-cr order from JSW Thermal Energy
Power Mech Projects rallied 3.29% to Rs 2,934.05 after the company announced that it had secured a contract worth Rs 1,008.90 crore from JSW Thermal Energy.
Power Mech Projects jumps 4% as company bags Rs 1,009 crore JSW Thermal Energy contract
Power Mech Projects shares rose after the company secured a Rs 1,008.90 crore order from JSW Thermal Energy for civil and structural works at a thermal power project in Salboni, West Bengal. The order strengthens revenue visibility over the next three years and reinforces the company’s position in the power infrastructure and EPC space.
Power Mech bags ₹1,008.9 crore order from JSW Thermal Energy
Order covers civil and structural works in the BTG area of a 2x800 MW thermal power project in West Bengal and is scheduled for execution over 36 months.
Five power grid stocks riding India’s energy transition - Mint
Five power grid stocks riding India’s energy transitionMint
BHAVINI hosts industry partnership conclave to drive country's fast breeder reactor expansion
BHAVINI, a Department of Atomic Energy firm, hosted a crucial partnership conclave for fast breeder reactor expansion. Senior industry leaders, technology partners, and engineering organizations convened to chart a collaborative roadmap for India's nuclear energy future. This initiative underscores a commitment to clean, sustainable nuclear power, aligning with national climate goals and the objective of achieving net-zero emissions by 2070.
Reliance targets 40 billion units of green power annually; battery gigafactory to commission first phase this year
Reliance Industries aims for 40 billion units of green electricity annually, powering its Kutch hub. The company is scaling its battery cell gigafactory to 120 GWh and expects new energy to boost financial performance from 2027. Operational solar PV manufacturing lines are already producing advanced HJT modules, marking a significant step towards a sovereign clean energy ecosystem with no imported fuel or foreign technology.
Kirloskar Oil Engines wins 192 MW power order for AI data centre
Kirloskar Oil Engines Limited (KOEL) has won a 192 MW power systems order from HyperNext to support a large AI-enabled data centre project in India. The deployment includes 96 units of its Optiprime Dual Core systems, which will provide backup power for hyperscale cloud and AI infrastructure. The project is aimed at building resilient, energy-efficient digital infrastructure to meet rising demand from artificial intelligence and cloud computing workloads.
IOCL Solarises commissioned 150 kW Rooftop Solar System at its Guwahati facility
Facing energy security challenges, Indian Oil Corporation Limited (IOCL) has installed a 150-kW rooftop solar system at its Guwahati facility. This initiative aims to enhance operational resilience, reduce reliance on conventional power, and cut costs. The system is projected to save Rs 13.8 lakh annually and offers a quick ROI, bolstering energy reliability in a region prone to grid disruptions and supporting India's clean energy goals.
KPI Green Energy incorporates WoS named KPCG One
The Company has been incorporated with the object of generating, storing, transmitting, distributing, purchasing, selling and supplying electricity and other forms of energy from conventional and renewable sources, including solar, wind, hydro, biomass and thermal energy, and of establishing, owning, developing, operating and maintaining power plants and energy storage systems, and undertaking activities incidental thereto.