Power sector InvIT, IndiGrid’s recent performance has got a thumbs up from analyst firms. Equity research and brokerage house firm Edelweiss Securities has given a ‘buy’ rating for IndiGrid. This comes in the wake of a transmission asset acquisition coupled with strong FY20 performance. “We reaffirm confidence in IndiGrid’s business model, which is backed by […]
Category: Power
Sterling and Wilson looking to expand hybrid energy storage business
The Hybrid Energy Storage (HES) business of Sterling and Wilson is eyeing multi-million dollar projects in India, South East Asia, Africa and Latin America, as enterprises globally look to reduce their dependence on conventional energy. Hybrid energy is defined as a mix of solar, wind, gas, diesel and battery energy storage. Sterling and Wilson Hybrid […]
Indian Energy Exchange launches its Real-Time Electricity Market (RTM) platform
Indian Energy Exchange, has launched its Real-Time Electricity Market (RTM) platform, with an intent to help discoms to better plan their power requirements. IEX is largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates (RECs) and the RTM is an endeavor by the Central Electricity […]
Bhushan Power deal only after ED lifts attachment: Seshagiri Rao, Jt MD, JSW Steel
Highly-leveraged steel companies have been the worst hit by the Covid-19 crisis with the sharp fall in demand and uncertainty over government spending on infrastructure projects. Steel producers were dependent on the export market to make up for the drop in domestic demand. However, how long the export market will support domestic steel producers is […]
Telangana to add over 10,000 MW capacity within three years
Telangana’s power sector is on course to adding over 10,000 MW of power generation capacity over the next three years, thereby becoming a State with surplus power. Post bifurcation in 2014, Telangana started off with an installed capacity of 7,778 MW. Within six years, the overall power generation capacity has shot up to 15,980 MW. […]
Tata Power takes over Central Electricity Supply Utility of Odisha
Tata Power has taken over the Central Electricity Supply Utility of Odisha (CESU). Tata Power received the Letter of Intent (LoI) from the Odisha Electricity Regulatory Commission (OERC) for the distribution and retail supply of electricity in Odisha’s five circles, consisting of Bhubaneshwar, Cuttack, Puri, Paradip and Dhenkanal, according to a company statement. Tata Power […]
Why solar-gear manufacturing needs policy push for domestic production
India missed the pre-Covid opportunity in pushing up domestic manufacturing of solar gears. Safeguard duty imposed in 2018 did bring temporary relie, but for a more sustainable solution in the post-Covid world, India must consider other options. As a step in this direction, the country should start with removing the tax barrier for domestic sales […]
EPAL emerges top in Grant Thornton-CII tracker
With EPAL (EESL’s JV in the UK) emerging as the fastest growing Indian company in the “India meets Britain Tracker 2020”, home grown energy services company Energy Efficiency Services Ltd (EESL) has set a global precedent in low carbon development. The tracker was developed by the Confederation of Indian Industry and Grant Thornton. EPAL (EnergyPro […]
NTPC: Call options spread may benefit conservatives
The long and medium-term outlook for NTPC (₹97.85) will be negative, as long as the stock rules below ₹145. After the recent bounce back from ₹73, the short-term outlook had turned positive for NTPC. While the immediate resistance appears at ₹104, NTPC finds a major resistance at ₹118. On the other hand, it finds an […]
IndiGrid to buy Jhajjar KT Transco for Rs 310 crore
IndiGrid has entered into a share purchase agreement to buy out power transmission line operator Jhajjar KT Transco Private Limited for Rs 310 crore. Jhajjar KT Transco is owned by Kalpataru Power Transmission Ltd and Techno Electric & Engineering Company (TEECL). The acquisition is subject tocertain adjustments on account of assets and liabilities at the […]
Dues from discoms land Easun Reyrolle in NCLT
Power transmission components manufacturer, Easun Reyrolle, has wound up in the insolvency courts. Following the expiry of the deadline for submitting bids against a public notice calling for bids, the Resolution Professional, Benegal Parameshwara Udpa, will call for a meeting of the Committee of Creditors to take the issue further. State Bank of India claims […]
MEIL completes 3,767 MW pumping capacity for Kaleshwaram lift irrigation project
With the commissioning of six pump of 27 megawatts capacity each at Markook pump house, Megha Engineering and Infrastructure Limited ((MEIL) has thus far commissioned 3767 mega watts pumping capacity for the mega Kaleshwaram lift irrigation scheme. The diversified infrastructure company has completed all the critical works of Kaleshwaram multi-purpose lift irrigation project of the […]