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Power Firms

Denmark's NKT strengthens power cable project competencies in India

Globally, NKT has grown its order backlog of high-voltage projects to €11.3 billion by the end of the second quarter of 2024

Denmark's NKT strengthens power cable project competencies in India
Updated On : 17 Oct 2024 | 2:46 PM IST

Brazil sets three-day deadline to restore power outage in Sao Paulo

Brazil's federal government on Monday established a three-day deadline for power distributor Enel to restore service to more than 400,000 households in Sao Paulo's metropolitan area who remain in the dark, energy minister Alexandre Silveira said in a news conference. The outage started Friday evening due to a short but powerful storm, and with the city's mayoral race in full swing, it sparked a blame game. Candidate Guilherme Boulos and allies are accusing incumbent Mayor Ricardo Nunes of failing to take preventive action, while others, including Nunes, are calling for the country's regulating agency to punish Enel. The federal government, meanwhile, is launching an audit of the power regulator's inspections of the utility. Silveira told reporters that he is in favor of terminating Enel's contract, due in 2028, but that would depend on due process. He added that the company "would not be so neglectful" if it faced the risk that its concession would be terminated. No matter what the

Brazil sets three-day deadline to restore power outage in Sao Paulo
Updated On : 15 Oct 2024 | 7:13 AM IST

RPower up 5%, hits 7-yr high ahead of board meeting to consider fundraise

Reliance Power shares are quoting higher for the eighth straight trading day, having surged 29 per cent during the period.

RPower up 5%, hits 7-yr high ahead of board meeting to consider fundraise
Updated On : 23 Sep 2024 | 11:39 AM IST

'Measures in place': Govt gears up to meet peak power demand in May, June

The government has taken adequate measures to meet the estimated 235 GW peak power demand in May and 240 GW in June, according to an official statement. "With various measures, we have been able to successfully meet the peak evening power demand of 224 GW during April 2024," the Ministry of Power on Friday. The power demand is projected to peak at 235 GW during the day-time and 225 GW during evening hours for May and 240 GW during day-time and 235 GW during evening hours for June 2024, it said in the statement. The power ministry has estimated around 260 GW of peak demand during this summer season. Elaborating on the measures, the ministry said section 11 directions have been issued to gas-based power plants besides coal-based units to make full capacity available for electricity generation. The optimisation of hydropower generation has made available an additional 4 GW for meeting the demand during May and June. Further, the shifting of planned maintenance and minimisation of pa

'Measures in place': Govt gears up to meet peak power demand in May, June
Updated On : 11 May 2024 | 6:23 PM IST

Power, building materials, IT stocks bear biggest brunt of FPI selloff

During the first fortnight of October, foreign portfolio investors (FPIs) withdrew Rs 2,069 crore from the power sector and around Rs 1,500 crore each from infrastructure and IT

Power, building materials, IT stocks bear biggest brunt of FPI selloff
Updated On : 21 Oct 2023 | 12:10 AM IST

Govt likely to recover 'excess revenue' earned by power companies

Under the early-stage proposals, a uniform price cap on spot power trades would be replaced with new limits for each source of power generation

Govt likely to recover 'excess revenue' earned by power companies
Updated On : 30 Jun 2023 | 6:21 PM IST

Power stocks surge as govt orders coal-based plants to run at full capacity

The government has invoked emergency powers under Section 11 of the Electricity Act to impose the rule as it expects record surge in power demand this summer

Power stocks surge as govt orders coal-based plants to run at full capacity
Updated On : 21 Feb 2023 | 11:53 AM IST

PM urges states to clear power firms' dues; launches 2 hydrogen plants

Prime Minister Narendra Modi on Saturday asked the state governments to clear power sector companies' dues which are estimated at around Rs 2.5 lakh crore

PM urges states to clear power firms' dues; launches 2 hydrogen plants
Updated On : 30 Jul 2022 | 3:02 PM IST

Second-sale realty broker Settlin raises $1 mn in pre-series A round

Powerhouse Ventures, Rajesh Sawhney-founded GSF Fund, and Bharat Matrimony founder among investors; funds to be used for expanding within Bengaluru

Second-sale realty broker Settlin raises $1 mn in pre-series A round
Updated On : 20 Jun 2022 | 8:14 PM IST

Power consumption grows 2.2% to 105.54 billion units in February

Power consumption in February 2021 was 103.25 BU, a tad lower than 103.81 BU in the same month of 2020, as per the power ministry data.

Power consumption grows 2.2% to 105.54 billion units in February
Updated On : 01 Mar 2022 | 11:26 AM IST

Power PSUs capital expenditure rises 47% to Rs 40,395 crore

Central Public Sector Enterprises under the Ministry of Power have increased capital expenditure during the first nine months of the current financial year to Rs 40,395.34 crore, which is 47% higher

Power PSUs capital expenditure rises 47% to Rs 40,395 crore
Updated On : 06 Jan 2022 | 1:28 PM IST

Power giant NTPC pays Rs 3,054-cr final dividend for 2020-21

State-owned power giant NTPC on Friday said it has paid the final dividend of Rs 3,054.45 crore for 2020-21. For the financial year 2020-21, NTPC Ltd has paid a final dividend of Rs 3,054.45 crore, being 31.5 per cent of the company's paid-up equity share capital, NTPC said in a statement. The real-time gross settlement (RTGS) advice for the transfer of Rs 1,560.93 crore, as the government's share in the final dividend, was presented to Union Minister of Power and New & Renewable Energy R K Singh, by NTPC Chairman and Managing Director Gurdeep Singh. This is the 28th consecutive year that NTPC has paid a dividend.

Power giant NTPC pays Rs 3,054-cr final dividend for 2020-21
Updated On : 08 Oct 2021 | 7:33 PM IST

NTPC, Tata Power: Power sector stocks rally makes analysts cautious

In the past one month, the S&P BSE Power Index has gained over 6 per cent, outperforming the S&P BSE Sensex that has moved up around 1 per cent

NTPC, Tata Power: Power sector stocks rally makes analysts cautious
Updated On : 05 Oct 2021 | 12:04 AM IST

Texas power firm files for bankruptcy citing claims from grid operator

The fallout threatens utilities and power marketers, which collectively face billions of dollars in blackout-related charges, executives said

Texas power firm files for bankruptcy citing claims from grid operator
Updated On : 01 Mar 2021 | 10:59 PM IST

NTPC Q3 net profit up 10% to Rs 3,315 crore, to pay interim dividend

The total income of the company was up 5.19 per cent to Rs 25,268.56 crore from Rs 24,022.62 crore a year ago

NTPC Q3 net profit up 10% to Rs 3,315 crore, to pay interim dividend
Updated On : 04 Feb 2021 | 10:21 PM IST

Captive power producers face Covid-19 brunt as prices turn unviable

Executives from Indian Energy Exchange pointed out in July that volumes from CPPs went down drastically post March, in tandem with traded prices

Captive power producers face Covid-19 brunt as prices turn unviable
Updated On : 17 Aug 2020 | 12:17 AM IST

Power Finance Corporation raises $750 million through overseas bonds

This is PFC's third international bond issuance in FY20 as well as the largest bond in a single tranche

Power Finance Corporation raises $750 million through overseas bonds
Updated On : 18 Jan 2020 | 2:06 AM IST

World's favourite Indian power stock seen recovering from 10-mth lows

Analysts expect this New Delhi-based company to wring more profit from soon-to-be acquired hydro-power assets, helping it lift its earnings and share price.

World's favourite Indian power stock seen recovering from 10-mth lows
Updated On : 24 Dec 2019 | 1:34 PM IST

Power discoms may soon get cheap loans from govt to clear Rs 70,000-cr dues

Power producers' total outstanding dues owed by distribution companies stands at Rs 69,558 crore by September-end 2019

Power discoms may soon get cheap loans from govt to clear Rs 70,000-cr dues
Updated On : 06 Dec 2019 | 9:15 PM IST

NTPC likely to acquire govt's stake in THDC, Neepco for Rs 8,000 cr

Govt hopes non-tax revenue items, divestment can help it make up for some of tax shortfall in a slowing economy

NTPC likely to acquire govt's stake in THDC, Neepco for Rs 8,000 cr
Updated On : 29 Oct 2019 | 10:30 PM IST