Power Utilities

The growth in power demand and global geo-political challenges resulted in an unprecedented increase in national power purchase costs of 71 paise per unit in FY23, as compared to the marginal increase of 4 paise / kWh in FY22 v/s FY21, the report of the Ministry of Power stated.

Adani Electricity Mumbai tops Centre's discom ranking ; Torrent Power takes 2nd, 3rd spot

The aggregate technical and commercial losses of power utilities during the year fell from 16.2% to 15.4%, driven by a one percentage point increase in billing efficiency, which improved to 87%

A 13% likely surge in demand keeps investors charged up on power stocks

Power utility companies are expected to report double-digit growth for the March quarter as IMD predictions of heat waves across northern, central and eastern India will force the use of more electricity, even as industrial usage is already scaling new highs

Govt gives 2-year extension to power companies to comply with SO2 emission norms

The decision comes over three months after the power ministry had written to the environment ministry, seeking a two-year delay for the mandatory compliance of the emission norms.

Why traditional electric utilities are not building green energy projects with gusto

Pure play renewable energy firms backed by foreign institutional investors often win big in renewable energy auctions

A Trump win may beat mkt down, so load up to buy: Dimensions

If Trump wins and the market takes a dive, it will be a perfect opportunity to buy says Ajay Srivastava, CEO of Dimensions Consulting while advising investors to keep cash on the sides now.

Coal India's supply to power utilities dips 6.8% in April

Coal India dispatched 30.99 million tonnes of coal to power utilities in April this year, a fall of 6.8 per cent over that in the same month of 2015 which suggest a slowdown in demand for the dry fuel from the power sector.

Market has lower risk-reward ratio; upside limited: Kotak

The 8 percent rally in the Indian stock market since its recent September 7 low has removed some of the "dislocations" that previously existed, says Sanjeev Prasad of Kotak Institutional Equities.

PFC gets shareholders' nod to raise up to Rs 60,000 crore

The shareholders have approved the proposal with "requisite majority" at its Annual General Meeting held on September 24, the company said in a regulatory filing

Oracle keen to partner Haryana on tech solutions

The company will also help the state government facilitate land record modernisation, bring innovation campus at Gurgaon and launch skill development programmes. A delegation of Oracle India led by Managing Director Shailender Kumar called on Chief Minister Manohar Lal Khattar here, said an official release here.

L&T margins to improve in H2FY15; positive on co: Kotak

Sanjeev Zarbade of Kotak Securities says though L&T delivered a mixed set of numbers for the second quarter of FY15, he continues to recommend investors to buy the stock on every dip. He explains that any improvement in macros will provide positive cues for the company.

Policy on swapping of coal linkages on cards

The development comes at a time when the demand-supply gap of coal is widening in the country.

Nifty to hit 7k by mid-2014; mkt to be weak in Dec: Elara

Harendra Kumar, Head-Institutional Broking and Global Economy, Elara Capital expects the markets to be on an upward trajectory in the run up to the elections. But he feels December will be a soft month and more like a sell on news.

Power utilities gain on Delhi tariff hike

Power utilities Reliance Infrastructure rose 2%, while Tata Power rose 2.2% as the Delhi Electricity Regulatory Commission proposed a hike in power tariffs in New Delhi effective July 1.

CIL allows power utilities to lift coal directly from mines

Coal India has introduced a one-time offer that allows power utilities to lift the fuel directly from mines.