Page 8 - Power Sector

Sensex slips 329pts, Nifty ends 104pts lower; Bajaj twins, ITC, TCS slip

The broader markets also weakened towards the end of the trading session; Sun Pharma, however, gained nearly 3 per cent.

Discoms' outstanding dues to gencos rise in Oct to Rs 93,609 cr

The overdue amount is the outstanding that has not been paid even after the expiry of 45 days grace period after bill generation

Govt to discuss Electricity Bill with farmers, halts power reforms for now

The protests were called off after the Centre gave a letter to the farmer bodies agreeing to meet their demands.

Power minister approves new inter-state projects worth Rs 15,893 cr

These projects were approved after examining the recommendations of the National Committee on Transmission and in accordance with the National Tariff Policy 2016

Coal diversion to power firms leaving non-power ones fuel-starved: ICPPA

Any power outage in aluminium plants will lead to catastrophic impact and complete shutdown

IEX power trade volume grows nearly 54% to 9,477 MU in November

IEX commenced trade in the Energy Saving Certificates (ESCerts) under Perform, Achieve and Trade Cycle-II on October 26, 2021

Coal India auction to non-power sector increases sharply: Report

Coal India had temporarily paused auctions of coal to non-power customers and reduced contracted supplies in October

Coal stocks improve at power plants in November, says power minister

The government has taken various steps for maintenance of adequate coal stocks with power plants, the minister said

India's power consumption rises 3.6% to 100.42 BU in November

Last year in November, power consumption stood at 96.88 BU and in the same month in 2019, it was at 93.94 BU

SJVN looks to set up more renewable power projects in Uttar Pradesh

State-owned power producer SJVN on Wednesday urged the Uttar Pradesh government to allot the company more renewable power projects in the state, after bagging the 75 megawatts (MW) solar project in Jalaun. "A K Singh, director (finance), met Chief Minister of Uttar Pradesh Yogi Adityanath (on Wednesday) and briefed him about the progress being made in the allotted 75-MW solar project in Parasan Solar Park located at Jalaun," the company said in a statement. Singh told the chief minister that SJVN has awarded the engineering, procurement, and construction of the project to Solarworld Energy Solutions Private Limited, it added. "The development of the project will involve an investment of around Rs 392 crore. The project is scheduled to be commissioned by July 2022. He also urged the CM to allocate more renewable power projects to the company," the statement said. Recently, SJVN bagged the project through competitive bidding held by the Uttar Pradesh New & Renewable Energy ...

Sensex, Nifty log first gain in 5 sessions; power, metal stocks gain

PowerGrid was the top gainer in the Sensex pack, rising around 4 per cent

TD Power Systems net profit falls 13% to Rs 16 crore in Sept quarter

The company on Wednesday reported a dip in its consolidated net profits

Coal dispatch to power sector increases 27% to 59.73 MT in October

Coal dispatch to the power sector has increased by 27.13 per cent to 59.73 million tonnes (MT) in October, owing to a spurt in power demand amid unprecedented rise in import prices. The country's several thermal power plants were facing a crisis in the wake of low coal stock positions at their end. Coal supply to the power sector was 46.98 MT in October last year, according to government data. However, the supply of coal to the sponge iron sector last month declined by 29.2 per cent to 0.46 MT, over 0.65 MT in the corresponding month a year ago. The fuel dispatch to the cement sector dropped to 0.47 MT in October, over 0.68 MT in the year-ago period. In other sectors also, barring steel and cement, coal supply also declined to 4.19 MT last month, from over 6.71 MT in the year-ago period. Recently, union minister for coal Pralhad Joshi had asked Coal India Ltd (CIL) and its subsidiaries to make 'all out efforts' to ensure that at least 18 days of coal stock with thermal power plan

Jindal Steel and Power posts nearly 3-fold jump in Q2 profit to Rs 2,584 cr

Its net profit was Rs 897 crore in the year-ago period, Jindal Steel and Power Limited (JSPL) said in a regulatory filing

Adani Power reports Rs 230 crore loss for September quarter

Its consolidated net profit had stood at Rs 2,228.05 crore in the quarter ended September 30, 2020

Tata Power second quarter net profit jumps 36% to Rs 506 crore

The company's focus continues to remain towards the expansion of its Renewable and Distribution businesses and go green strategy in the existing generation business

CIL stepped up coal supply to meet increased demand of power sector: Joshi

Coal Minister Pralhad Joshi on Thursday said state-owned CIL has stepped up fuel supply to meet the increased demand of the power sector and arrest shortages at thermal power plants

NTPC profit rises 6% to Rs 3,691 crore in September quarter

The average tariff of the company stood at Rs 3.82 per unit during April to September this fiscal. It was at Rs 3.86 per unit in same period a year ago.

Copper price rebounds as global energy crisis keeps roiling the market

Power shortages are forcing output cuts from China to Europe

Power Secretary stresses on fuel reserves to deal with supply shocks

Union Power Secretary Alok Kumar on Thursday stressed on the need to have strategic fuel reserves to insulate the nation from supply shocks for at least a month