BHEL THERMAL POWER CAPACITY
JSW Steel may face 10-15% production hit, ?4,500-crore Ebitda dent as Bhushan Power liquidation looms
JSW Steel faces potential setbacks as the Supreme Court deemed its acquisition of Bhushan Power & Steel illegal, potentially leading to liquidation. Analysts predict a 10-15% production decrease and a ?4,000-4,500 crore Ebitda shortfall. Despite a potential refund, JSW Steel could incur a significant loss, impacting its growth plans and investor confidence, causing shares to tumble.
Anil Ambani’s Reliance Power to invest Rs 10,000 cr for Asia’s largest solar-BESS project
Reliance NU Suntech and Solar Energy Corporation of India have signed a power purchase agreement. This agreement is for a large solar power project with battery storage. The project will supply 930 MW of solar power. It includes a 465 MW battery energy storage system. This is Asia's largest project of its kind.
Local intellectual property ownership key for private nuclear power plants
India may require local ownership of intellectual property for private nuclear power plants. This is to increase atomic energy capacity. The government is working on public-private partnership framework. It includes joint venture rules for overseas companies. India aims to expand nuclear energy capacity significantly by 2047. The policy will likely stipulate majority ownership by the Indian partner.
These large- and mid-cap stocks can give more than 30% return in 1 year, according to analysts
There are two ways to approach the stock markets when there is a high element of uncertainty. One, sit it out. Or two, learn how to navigate volatility. If you are focused on learning how to navigate volatility, then you should also focus on diversification. A smart approach is to identify businesses with strong fundamentals, long-term growth potential, and the ability to adapt to global shifts which will gather strength in the years to come.
Govt asks imported coal-based power plants to run at full capacity till June 30
The government has prolonged the order for power plants using imported coal. These plants must operate at full capacity until June 30. This decision ensures enough power during rising demand. The plants contribute significantly to India's power capacity. The extension aims to meet the expected peak demand of 270 GW in June.
Vedanta plans up to $1.7 billion capex, bulk goes to aluminium
Vedanta plans a capital expenditure of $1.5-1.7 billion this fiscal year, focusing on expanding its aluminium, power, zinc, and oil & gas businesses. The company anticipates a 20% increase in EBITDA through higher volumes and reduced production costs.
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Adani Green aims 5 GW of clean energy addition in FY26 at $3.6 billion capex
Total income rose 15% from a year earlier to Rs 3,278 crore in the fourth quarter and 18% to Rs 12,422 crore in the fiscal year. Revenue from power supply during the quarter increased 37% to Rs 2,666 crore, while for the full fiscal, it rose 23% to Rs 9,495 crore.
Is Elon Musk tearing down the agency that helped build Tesla? DOGE targets the Department of Energy
Fifteen years ago, a US Department of Energy loan of $465 million rescued Elon Musk's struggling Tesla, enabling factory acquisition and Model S development. Now, Musk's team, within the Trump Administration's DOGE, targets the DOE for drastic cuts. This initiative has led to significant staff layoffs and project cancellations by companies like Kore Power and PG&E.
India needs to fast-track nuclear power projects, government committee urges
India is prioritizing the expansion of its nuclear power capacity to meet rising energy demands and achieve net-zero goals. The power ministry's advisory committee emphasizes accelerating project execution, enhancing safety awareness, and fostering a robust vendor ecosystem. To expedite growth, India plans to amend liability laws, attract foreign investment, and introduce financial incentives for nuclear projects.
Adani Green Energy Q4 Results: Net profit jumps 23% at Rs 383 crore, revenue up 15%
Adani Green Energy reported a 23.5% increase in profit for Q4 FY25, reaching Rs 383 crore, and a 59% jump in profit for the entire fiscal year at Rs 2001 crore. The company's strong performance was driven by the addition of 3.3 GW of greenfield capacity and superior plant performance.
Adding 50 GW renewable energy yearly can end coal imports by 2029, save India $66 bn: Report
A new report by think tank Climate Risks Horizon indicates that India could eliminate thermal coal imports by 2029 with a consistent addition of 50 gigawatts of renewable energy annually. This shift could save the nation approximately USD 66 billion in foreign exchange between 2025 and 2029, potentially reaching USD 173 billion by 2034.
Odisha may produce over 1/3rd of steel in India by FY31: CM Mohan Charan Majhi
Odisha is poised to significantly increase its steel production capacity, aiming for 130 million tonnes by 2030-31 with investments from Tata Steel, JSW Steel, and Jindal Steel and Power. POSCO, in collaboration with JSW Steel, plans to establish a steel plant with a substantial investment.
BHEL-TRSL Vande Sleeper project gains steam
Titagarh Rail Systems and BHEL launched a production line in Uttarpara, Kolkata, for Vande Bharat Sleeper Trains. The prototype is expected next year. This follows a contract for 80 train sets awarded by Indian Railways to the TRSL-BHEL consortium, valued at Rs 24,000 crore, including 35 years of maintenance.
Stocks in news: Maruti Suzuki, RIL, Tech Mahindra, Axis Bank, IndusInd Bank
Shares of Maruti Suzuki, Chola, Shriram Finance, L&T Finance, Poonawalla Fincorp and Tata Tech will be in focus as the companies will announce their fourth quarter results.
ACC Ltd Q4 Results: Standalone PAT drops 2% YoY to Rs 735 crore, revenue rises 11%; Rs 7.50 per share dividend declared
Adani Group company ACC Ltd on Thursday reported its earnings for the March quarter or financial year 2025, wherein it posted a 1.7% You (year-on-year) drop in its profit after tax (PAT) at Rs 735.39 crore, while its revenue from operations rose by 10.7% YoY.
Massive fire breaks out at BHEL premises in Bhopal
A significant fire erupted at Bharat Heavy Electricals Limited (BHEL) in Bhopal, near gate number 9, prompting a swift response from fire tenders. The blaze, fueled by dry plants and scrap materials, is being contained by BHEL and municipal corporation firefighters.
India cuts LNG buying as other fuels become more attractive
Indian energy importers, including Gail India and Indian Oil Corp, are increasingly turning to cheaper oil products like naphtha and propane due to elevated LNG prices caused by outages at export plants. This shift, resulting in lower LNG imports, frees up supply for other Asian and European buyers.
AGEL arm in pact to supply 1,250 MW energy storage capacity in UP
Private entity Adani Hydro Energy Five Ltd has entered into a power purchase agreement (PPA) with Uttar Pradesh Power Corporation for supply of 1,250 MW energy storage capacity. Adani Hydro Energy Five Ltd is a wholly owned step down subsidiary of Adani Green Energy Ltd (AGEL).
MEIL gets Rs 13,000 cr order from Nuclear Power Corporation of India for 2 nuclear reactors
Megha Engineering & Infrastructure Ltd (MEIL) has secured a significant order worth Rs 13,000 crore from the Nuclear Power Corporation of India Ltd (NPCIL) to supply two 700 MW nuclear reactors. This marks MEIL's entry into the nuclear energy sector, with the project involving the construction of Kaiga Units 5 & 6 in Karnataka.
Bihar, NTPC in talks for Nawada nuclear power plant
Bihar is actively engaging with NTPC Ltd to establish a nuclear power plant in Nawada district, according to Chief Secretary Amrit Lal Meena. The state has also requested the Power Ministry to consider Bihar for a nuclear project, potentially utilizing water from the Phulwaria dam.
Coal India shares in focus after signing Rs 16,500-cr power project deal in Jharkhand
Coal India and Damodar Valley Corporation (DVC) are partnering to establish a coal-based power plant in Jharkhand with an investment of ?16,500 crore. The project involves adding two 800 MW units to DVC's existing Chandrapura Thermal Power Station. This expansion will be a joint venture with equal equity stakes.
Coal India and DVC sign pact
State-run Coal India Ltd and Damodar Valley Corporation have joined forces to establish a 1,600 MW ultra-supercritical thermal power plant in Jharkhand, with an investment of ?16,500 crore. The project will expand the existing 500 MW Chandrapura Thermal Power Station. The two companies have signed a memorandum of understanding (MoU) to form a joint venture with equal shareholding.
Adityanath reviews preparations ahead of PM Modi's Kanpur visit
Uttar Pradesh Chief Minister Yogi Adityanath assessed preparations for Prime Minister Narendra Modi's upcoming visit to Kanpur on April 24. Adityanath inspected the Ghatampur thermal power project, a plant with a total production capacity of 3 X 660 MW, and reviewed the newly constructed Nayaganj Metro station.
India eyes 100 GW nuclear power capacity by 2047 — but should it gamble on small reactors or stick to proven tech?
India is revisiting nuclear energy to meet increasing power demands and achieve energy independence, aiming for a 12.5-fold increase in nuclear power generation by 2047. This revival faces challenges, including safety concerns, high costs and public anxiety, reminiscent of past protests against nuclear plants like Kudankulam.
JSW Energy to revise 2030 goals under Vision 3.0, not looking at B2C for now: CEO
JSW Energy is set to unveil Vision 3.0 in the coming months, revising its capacity target beyond the initial 20 GW by 2030, with increased capital expenditure. While focusing on B2B power generation, the company is expanding its renewable energy portfolio, aiming for two-thirds green energy by FY26.
JSW Energy's Rs 16,000 crore Salboni project most competitive in capex: Officials
JSW Energy is investing Rs 16,000 crore in West Bengal to establish a 1,600-MW ultra-supercritical thermal power plant in Salboni, its largest greenfield project. Company officials highlight the project's cost-effectiveness at Rs 10 crore per MW. JSW Energy is also planning a pumped storage project in Purulia, potentially adding 900-1,000 MW.
BHEL posts 19% revenue growth to Rs 27,350 cr in FY25, hits record order inflows
Bharat Heavy Electricals (BHEL), the state-run engineering and manufacturing major, today reported a 19% year-on-year (YoY) rise in provisional revenue for FY25, reaching Rs 27,350 crore. The company also announced its highest-ever annual order inflows at Rs 92,534 crore.
BHEL logs 19% revenue growth at Rs 27,350 cr in 2024-25
BHEL reported a significant 19% revenue increase, reaching Rs 27,350 crore for FY25. The company achieved a record order inflow of Rs 92,534 crore, boosting its total order book to Rs 1,95,922 crore. BHEL secured substantial power sector orders worth Rs 81,349 crore and Rs 11,185 crore from the industrial segment. The company also commissioned 8.
Mamata Banerjee to lay foundation stone of JSW's 1600 MW Salboni power plant on April 21
West Bengal is set to boost its power capacity. Chief Minister Mamata Banerjee will lay the foundation for a 1,600 MW thermal plant in Paschim Medinipur. A 112 MW solar project will also be inaugurated. The state is planning more thermal and pumped storage projects. These initiatives aim to meet the rising power demand and ensure uninterrupted supply.
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