Power Firms

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

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

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

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 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 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.

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

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

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

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

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

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.

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

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

NCLT lets IL&FS sell 7 wind power firms to Japan's Orix for Rs 4,800 cr

Last month, IL&FS had said it would completely exit the wind energy business

Essar Ports' Salaya Terminal registers 160% cargo growth in June quarter

Essar Ports invested Rs 11,000 crore in developing terminals and is currently operating four terminals

The great game: Indian power firms to wade into Afghan battlefields

The announcement comes amid stalled negotiations for the release of seven Indian engineers working for KEC International