Power Sector

Delhi discoms point to Rs 3,000 crore revenue gap, seek fair tariffs

Discoms in Delhi have filed petitions with power regulator DERC for a "cost-reflective" tariff to be announced for this fiscal, citing a combined revenue gap of more than Rs 3,000 crore in 2022-23. The Delhi Electricity Regulatory Commission (DERC) has started the process for determining power tariff for consumers for the 2024-25 fiscal. Electricity rates in Delhi have remained static since 2014. The commission has uploaded the options for the power companies on its website, seeking comments from stakeholders, including consumers, to consider while making a decision on the new rates. The petitions showed that the revenue requirement in 2022-23 was Rs 12,116 crore for BSES Rajdhani Power Limited (BRPL), Rs 6,141 crore for BSES Yamuna Power Limited (BYPL) and Rs 9,264 crore for Tata Power Delhi Distribution Limited (TPDDL). However, the revenue at the existing tariff was Rs 10,419 crore for BRPL, Rs 5,530 crore for BYPL and Rs 8,410 crore for TPDDL, resulting in a revenue gap of Rs

Andhra govt mulls next steps on Adani, if power deal can be scrapped

Andhra Pradesh's state government was digging into all the internal files from the previous administration, under which the alleged misconduct took place

Surprise solar boom in Pakistan helps millions, but harms grid & power cos

Driving the demand were households and factories producing everything from cement to apparel, who have suffered frequent blackouts in the past due to the unreliable grid

Torrent Power stock nears 5-month low; down 17% in Nov on poor Q2 show

Torrent Power shares slipped 5 per cent to Rs 1,507 and were trading at the lowest level since July 25, 2024.

​Should you dump Adani Green stock for NTPC Green IPO? What analysts say

Vneet Jaain, former chief executive officer at Adani Green Energy along with Adanis, prosecutors said, raised over $3 billion in loans and bonds by hiding their corruption from lenders and investors

NTPC Green Energy IPO opens today: How to trade NTPC, other power stocks

NTPC Green Energy IPO: Trading strategies for NTPC, Power Grid and other listed power stocks on the BSE, NSE.

High discom debt, losses hinder prospects of listing state power firms

As discoms pushed all the buttons to meet the record-high demand during FY23, their total debt rose to Rs 70k cr for funding their capex, working capital requirement, and operational losses

Time to assess impact of procurement reforms introduced three years ago

Various industry associations and chambers of commerce must stridently demand implementation across all levels and come up with their own impact analysis of these reforms

Govt asks states to consider setting up nuclear-based power plants

Government in its budget this year had proposed to partner with private players to develop small nuclear reactors to increase the amount of electricity

Power Grid Corp stock rallies 5% on healthy outlook; higher capex guidance

The company has raised its FY27 capex and capitalization targets to Rs 40,000 crore, up from an earlier target of Rs 25,000 crore, and its seven-year capex guidance to Rs 3 trillion.

SECI major solar power project hits roadblock as bidding goes awry

SECI detected the irregularities only after the bidding was done, forcing it to cancel the tender at an advanced stage

Power consumption rises marginally to 140.4 billion units in October

India's power consumption rose marginally by about one per cent to 140.47 billion units (BU) in October compared to a year ago, mainly due to heavier base effect. In the year-ago period, the power consumption grew by over 22 per cent to 139.44 BU from 113.94 BU in October 2022. The highest supply in a day (peak power demand met) dipped to 219.22 GW in October 2024 from 221.53 GW in the year-ago month. The peak power demand touched an all-time high of about 250 GW in May this year. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. Earlier this year, the power ministry projected a peak power demand of 235 GW during the day and 225 GW during evening hours for May while 240 GW during daytime and 235 GW in the evening hours for June. The ministry also estimated that peak power demand may hit 260 GW this summer. Noting that October 2024 was the warmest in many decades as per official data, the experts opined that power demand as well as consumpti

Centre, power industry exploring curbs on most potent greenhouse gas SF6

The stable nature that makes SF6 an excellent insulator also aggravates its impacts on the climate

Volume outlook, e-auction premiums remain positive for Coal India stock

Given a strong volume outlook, e-auction premiums and assuming lower operating costs, the long-term outlook remains positive

Bonfiglioli starts work for Rs 320 cr Tamil Nadu unit; to start ops by 2025

The 25-acre Cheyyar plant reinforces Bonfiglioli 's commitment to the 'Make in India' initiative and solidifies its position as one of India's largest gearbox manufacturers

This transformer stock surged 55% in 7 days; zoomed 1229% in 18 months

Shares of Indo Tech Transformers hit a new high of Rs 2,507, surging 5 per cent on the BSE in Thursday's intra-day trade in an otherwise weak market on healthy business outlook.

PLI scheme for power transmission soon: Power Secretary Pankaj Agarwal

He was speaking on the sidelines of a brainstorming session organised by the Central Electricity Authority (CEA), the technical arm of the Ministry of Power

How Pak Army 'coerced' five power companies to end contracts prematurely

Prime Minister Shehbaz Sharif's office stated that the companies had 'voluntarily agreed' to prioritise national interest over their business concerns

Torrent Power wins order to supply 2,000 MW pumped storage in Maharashtra

Torrent Power on Tuesday said it has secured a contract from the Maharashtra government to supply 2,000 megawatt energy storage capacity from its upcoming plant in the state. In a statement, Torrent Power said it has received the order for an additional 500 MW capacity supply in addition to 1,500 MW awarded last month, taking the total supply order to 2,000 MW capacity. "...received letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for long-term supply of 2,000 Megawatt (MW) Energy Storage Capacity from InSTS connected pumped hydro storage plant," the company said. MSEDCL will procure energy storage capacity from Torrent Power's InSTS (intra state transmission) connected pumped hydro storage for a period of 40 years. The company plans to supply the storage capacity from its upcoming storage plant in Maharashtra. Torrent Power said it has also identified Pumped Storage Project (PSP) sites in several other states. The company has earlier announ

Higher e-auction share key for Coal India stock; 15% target boosts outlook

Given predictable demand and steady growth, if e-auction at 15 per cent is achieved, the outlook is positive