Sunrise segments pushing growth; huge scope to improve ESG rating given firm’s focus; TP raised to Rs 120; ‘Buy’ maintained. We hosted Dr. Praveer Sinha, MD & CEO, Tata Power (TPCL), at the Edelweiss ESG CXO e-Series. Key highlights: (i) Tata Power 2.0 is a mega transformation from legacy to new businesses to achieve decarbonisation […]
CLSA gives ‘buy’ rating for NTPC. Here’s why
The brokerage firm says that the company was leading the energy transition with 17 percent market share of solar bids in the second half of FY21 CLSA also believes that NTPC has created a stage for even better achievement in FY22 with 1.3GW worth of plants set to commercialise in the first quarter Brokerage firm […]
NTPC Group total installed capacity reaches 65,810 MW
New Delhi : With successful completion of trial operation by Unit-2 of 660 MW capacity of Tanda Super Thermal Power Station in Uttar Pradesh (U.P) Stage-II (2 x 660 MW), the NTPC installed capacity has risen to 65,810 MW NTPC is striving to achieve highest reliability and efficiency keeping safety and environment issues on top. […]
Spanish energy companies to carry the torch for renewable deals
Rising demand for environmentally friendly investments is focusing attention on Spain’s under-exploited solar and more established wind sector MADRID/LONDON: Several Spanish clean energy companies are planning stock market listings or stake sales within the next two years, taking advantage of a market boom in green assets to raise funds to build more wind farms and […]
JSW Energy plans $1 billion overseas bond issue for clean energy biz
The company will likely use the proceeds to fund the acquisition of solar projects in South India and to refinance high-cost rupee debt. Mumbai: Sajjan Jindal-controlled JSW Energy is planning to raise up to $1 billion in a maiden dollar bond sale, seeking to catch up with rivals such as Adani and the Tatas in […]
South Korean Chemical Giant LG Chem Sells Record ESG Bond
LG Chem Ltd., South Korea’s biggest petrochemical company, just sold the biggest-ever environmental, social and governance corporate bond offering in the country, which has vowed to zero-out carbon emissions by 2050. The chemical giant raised 820 billion won ($744 million) selling three-year, five-year and seven-year ESG notes. The company pledged to spend 785 billion won […]
After 1,700% Asset Growth, China Poised to Lead ESG Push in Asia
China is set to post the fastest growth in Asia for environmental, social and governance investments after the country boosted exchange-traded fund assets 18-fold in the past two years, according to estimates from Bloomberg Intelligence. China’s push for renewable energy and electric vehicles will spark more fund flows into ESG-related ETFs, contributing to a 20% […]
