Power Sector News
Adani in talks to buy Reliance Power’s 600 MW thermal plant
Adani Power is in talks with CFM Asset Reconstruction Co., the sole lender of Reliance Power’s subsidiary Vidarbha Industries Power, to negotiate on the deal to acquire the latter’s 600 MW power plants in Nagpur Maharashtra.
4 min read19 Aug 2024India’s power sector has huge potential. Here are four stocks to consider.
India’s power industry is poised to become a significant exporter of electricity, with existing connections to the grids of Bangladesh, Bhutan, and Nepal, and plans to expand these to other neighbouring nations.But this growth potential comes with significant challenges, so tread carefully.
4 min read30 Jul 2024More than 30 GW of generation capacity out of commission as power demand soars
According to data from the Grid Controller of India, there has been a ‘generation outage’ of more than 30 GW on all but two days since May 18.The delayed monsoon is partly to blame, as many plants have been unable to conduct scheduled maintenance amid elevated demand.
2 min read21 Jun 2024BSE Power records 107% surge in a year, 9 stocks including NTPC, Tata Power jump between 100% and 400% – here’s why
Power stocks are surging due to increased power demand from economic activities, with major players like Suzlon Energy and Bharat Heavy Electricals showing significant gains. The country’s power consumption is rising, driven by industrial and household sectors.
3 min read21 May 2024Power Sector: Is it heading towards another collapse? Bernstein answers
The brokerage is overweight on NTPC, PowerGrid, and ReNew while retaining an underweight rating on IEX and Adani Green.
6 min read6 Mar 2024How shortage of coal is affecting non-power industries
India’s non-power sectors are facing coal shortages as the supplies have been diverted to coal-based thermal power plants, which are trying to meet the peaking power demand from the manufacturing sector.
4 min read5 May 2022How India’s power sector is planning to reduce the coal shortage
Three of India’s most industrialised states plan to import 10.5 million tonnes of coal in the coming months. Maharashtra plans to import 8 million tonnes for blending purposes, while Gujarat will place orders for 1 million tonnes next week. ;
4 min read2 May 2022Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared