Powergrid

Stocks to Watch, Nov 7: Apollo Hospitals, BSE, Powergrid, RVNL, Voltas, FDC

Stocks to watch on November 7, 2024: Apollo Hospitals Enterprise reported Q2FY25 net profit of Rs 380 crore, up from Rs 233 crore Y-o-Y

Over 3 million without power as Hurricane Milton makes landfall in Florida

Hurricane Milton crashed into Florida as a Category 3 storm on Wednesday, pounding the coast with ferocious winds of over 100 mph (160 kph) and producing a series of tornadoes around the state. Tampa avoided a direct hit. The cyclone had maximum sustained winds of 120 mph (205 kph) as it roared ashore 8:30 p.m. near Siesta Key, the Miami-based National Hurricane Centre said. Siesta Key is a prosperous strip of white-sand beaches that's home to 5,500 people about 70 miles (112 kilometers) south of Tampa. The Tampa Bay area has not taken a direct hit from a major hurricane in more than a century, but the storm was still bringing a potentially deadly storm surge to much of Florida's Gulf Coast, including densely populated areas such as Tampa, St. Petersburg, Sarasota and Fort Myers. Heavy rains were also likely to cause flooding inland along rivers and lakes as Milton traverses the Florida peninsula as a hurricane, eventually to emerge in the Atlantic Ocean on Thursday. More than 1 ..

After hurricanes now solar storms may cause disruption in US power grids

A severe solar storm is headed to Earth that could stress power grids even more as the US deals with major back-to-back hurricanes, space weather forecasters said on Wednesday. The National Oceanic and Atmospheric Administration issued a severe geomagnetic storm watch for Thursday into Friday after an outburst from the sun was detected earlier this week. Such a storm could temporarily disrupt power and radio signals. NOAA has notified operators of power plants and orbiting spacecraft to take precautions. It also alerted the Federal Emergency Management Agency about possible power disruptions, as the organization copes with the devastating aftermath of Hurricane Helene and gears up for Hurricane Milton barrelling across the Gulf of Mexico toward Florida. Forecasters do not expect the latest solar storm to surpass the one that slammed Earth in May, the strongest in more than two decades. But they won't know for sure until it's just 1 million miles (1.6 million kilometers) away, where

Power Grid acquires two project special purpose vehicles from PFCCL

Power Grid Corp on Thursday said it has acquired 2 project special purpose vehicles from PFC Consulting Ltd. The two SPVs are Sirohi Transmission Ltd and Beawar-Mandsaur Transmission Ltd, a company statement said. Sirohi Transmission shall implement a system comprising establishment of new 765/400 kV sub-station near Sirohi in Rajasthan, 765kV & 400kV D/C transmission lines and associated bays extension works at existing substation in the state. Beawar-Mandsaur Transmission shall implement a system comprising establishment of 765kV D/C transmission line and associated bays extension works at existing sub-station in Rajasthan and Madhya Pradesh. Both transmission systems are to be commissioned in 24 months. According to the statement, the bid process coordinator for the two SPVs is PFC Consulting Ltd (PFCCL), which conducted a tariff-based competitive bidding. POWERGRID, through its various project SPVs, is implementing transmission system projects being constructed on build, own,

PowerGrid Q1 results: Net profit up 3.52% at Rs 3,723.92 cr as income rises

Power Grid Corporation of India (PowerGrid) on Friday posted a 3.52 per cent rise in its consolidated net profit to Rs 3,723.92 crore for the June quarter, mainly on account of higher income. It had clocked Rs 3,597.16 crores profit for the year-ago period, the company said in an exchange filing. During the quarter, its total income rose to Rs 11,279.59 crore from Rs 11,257.60 crore in the April-June quarter of the preceding 2023-24 fiscal. The company also reduced its expenses to Rs 6,643.07 crore from Rs 6,688.51 crore in the same quarter a year ago.

LS poll impact: PSU shares in free fall mode; most stocks hit lower circuit

Government-owned shares witnessed intense selling pressure as analysts feared that the relatively poor showing of the Modi-government may impact its reforms agenda.

PSU stocks climb up to 9% as exit polls predict landslide victory for BJP

Shares of state owned companies cracked the upper ceiling on the BSE in Monday's early trades. The BSE CPSE index was up 6.9 per cent at 4,389 levels

Powergrid board approves proposal to raise up to Rs 1,200 crore via bonds

Power Grid Corporation of India (Powergrid) on Monday said its board has approved a proposal to raise up to Rs 1,200 crore by issuing bonds. "The Committee of Directors for Bonds approved the raising of bonds as unsecured, non-convertible, non-cumulative, redeemable, taxable Powergrid bonds - LXXVI (76th) issue up to Rs 1,200 crore," the company said in an exchange filing. On the size of the issue, the company said the base size is Rs 400 crore, along with the green shoe option of Rs 800 crore. The bonds are redeemable at par at the end of the 10th year, and interest payment on a yearly basis, the company said. Powergrid, under the Ministry of Power, is India's largest electric power transmission utility with 1,76,762 ckm of transmission lines.

Sensex drops 378 pts, Nifty holds 20,900; realty, pharma slide; metals up

Closing Bell on December 12, 2023: Sun Pharma, Maruti Suzuki, Titan, NTPC, Reliance Industries, L&T, M&M, IndusInd Bank were some of the top large-cap losers

Stocks to Watch, Sep 12: L&T, RIL, Lupin, Hindalco, TVS Supply, Power Grid

Stocks to watch on Tuesday, September 12, 2023: From L&T raising its share buyback price, Bajaj Finance planning to enter new car loans segment, Power Grid to trade ex-bonus and more.

Powergrid board okays Rs 555 cr investment proposal for 85 MW solar project

State-owned Power Grid Corporation board on Monday approved an investment proposal of Rs 554.91 crore for an 85 MW solar power project at Nagda in Madhya Pradesh. "Board of Directors of POWERGRID in their meeting held on 31st July 2023 have accorded Investment Approval for implementation of 85 MW Solar PV Power Project at Nagda (MP) at an estimated cost of Rs 554.91 crore with an implementation schedule of 10 months from the date of award and O&M (operation and maintenance) phase of five years for Solar Plant," a BSE filing said.

Powergrid Q1 profit falls 5% to Rs 3,597 cr on subdued transmission demand

Power Grid Corporation of India Ltd (Powergrid) on Monday posted over a 5 per cent decline in consolidated net profit to Rs 3,597.16 crore due to increased finance costs. It had reported a net profit of Rs 3,801.29 crore during the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing. The company's total income, however, rose to Rs 11,257.60 crore from Rs 11,168.54 crore in the year-ago quarter. Finance cost increased to Rs 2,057.23 crore from Rs 1,959.70 crore a year ago. In a separate statement, the company said it incurred a capital expenditure of Rs 1,506 crore during Q1 FY24. The company's gross fixed assets on a consolidated basis stood at Rs 2,70,757 crore as of June 30, 2023, against Rs 2,64,838 crore a year ago. During the quarter, the company, along with its subsidiaries, added 4,435 MVA (Mega Volt Amp) transformation capacity, two GIS sub-stations and 1,428 ckm transmission lines. As on June 30, 2023, the total transmission assets

PowerGrid InvIT's consolidated net profit falls 10% to Rs 190 crore

POWERGRID Infrastructure Investment Trust on Thursday reported a 10 per cent decline in consolidated net profit at Rs 190.90 crore in the June quarter. The consolidated net profit of POWERGRID Infrastructure Investment Trust (PGInvIT) was at Rs 213.88 crore in the quarter ended June 30, 2022, according to a BSE filing. Total income in the first quarter of the current fiscal declined to Rs 321.06 crore from Rs 331.38 crore in the same period a year ago. POWERGRID Unchahar Transmission Ltd, the investment manager to the PGInvIT, announced an income distribution of Rs 3 per unit to the unit holders for the June quarter. It will comprise Rs 2.03 per unit as interest, Rs 0.20 per unit as taxable dividend, Rs 0.24 per unit as exempt dividend, Rs 0.52 per unit as repayment of special purpose vehicle (SPV) debt and Rs 0.01 per unit as treasury income. The payment will be made by August 11, the filing said.

Sterlite Power bags new orders worth Rs 1,400 cr in March quarter

Sterlite Power on Wednesday said it has bagged new orders worth Rs 1,400 crore during the quarter ended March 31, 2023. The set of orders, won across domestic and international markets, have strengthened the company's solutions business unit's order book to Rs 5,200 crore during FY23, Sterlite Power said in a statement. Sterlite Power has secured multiple new orders worth Rs 1,400 crore across its 'solutions' business that caters to products and specialized EPC (engineering, procurement and construction), during the last quarter of FY 2023," it said. Major orders secured during the January-March quarter are for upgrading transmission projects and supply of high-performance products. The company said it has bagged a major order from PowerGrid Corporation to upgrade/uprate its 400 kV Jharsuguda/Sundargarh - Rourkela line, to deploy its reconductoring solution. In addition, Sterlite Power would be building 220kV double circuit transmission lines for Serentica Renewables. In product

BSE Power index gains 2% on hopes of higher demand; NTPC hits 5-year high

Ratings agency ICRA said the likelihood of El Nino in FY24 may have a positive impact on electricity demand.

Power Minister lays foundation for Powergrid's substation to add capacity

Union Power Minister RK Singh on Tuesday laid the foundation stone for Powergrid's substation in Bihar to expand capacity, an official statement said. "The augmentation of the 220/132 kV Ara sub-station will increase the total transformation capacity of the sub-station to 560 MVA. The scheme would facilitate meeting the demand for electricity for the next 10 years in Ara (Bihar). Uninterrupted power supply will lead to the industrial and commercial development of the area and also improve power availability in Bhojpur, Buxar and Rohtas districts," Powergrid said in a statement. Powergrid Chairman and Managing Director K Sreekant and Director Personnel VK Singh were also present during the event. Power Grid Corporation of India Limited is India's largest electric power transmission utility.

GAIL, BEL, GMDC: Bullish PSU stocks may see up to 20% upside

Despite benchmark indices witnessing corrective phases in recent months, GAIL (India) and Power Grid Corporation of India, in particular, have been entering uncharted territories effortlessly.

NTPC, PFC: 5 F&O stocks see long OI build-up; Here's how to trade in them

Build-up of long OI in general indicates that traders are expecting the price of the underlying stock or index to gain in the near-term.

Bulls ride PSE index to historic peak, half of index stocks on breakouts

Altogether 10 out of 20 stocks in Nifty PSE index are flashing breakout structures that reflect medium-term bullishness.

5 Nifty 500 stocks to accumulate if market breadth continues to improve

Shares of Power Grid Corporation of India, GAIL (India) , Linde India, Symphony and Tech Mahindra may rise up to 14%, as per their respective technical charts