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Discoms’ Outstanding Dues to Gencos Fall 3% to Rs 78,379 Cr in March

Total dues owed by electricity distribution companies to power producers fell 3.4 per cent to Rs 78,379 crore in March 2021 as compared to the year-ago period, showing a reversal of discoms’ growing outstandings. Outstanding dues of discoms towards electricity producers have been increasing year-on-year as well as month-on-month for years showing perennial stress in […]

Adani Group Companies Stocks: Big Decline in Market Cap – All You Need to Know

BHEL Hits 21-Month High on Heavy Volumes; Stock Zooms 59% in 8 Days

Till 03:05 pm, a combined 513 million equity shares, representing 15 per cent of total equity of BHEL, had changed hands on the NSE and BSE Shares of Bharat Heavy Electricals Limited (BHEL) surged 14 per cent to Rs 75.15, hitting a 21-month high on the BSE in an otherwise weak market on Tuesday, on […]

Adani Group Companies Stocks: Big Decline in Market Cap – All You Need to Know

Rs 7,735 cr PowerGrid InvIT IPO subscribed 4.83 times on last day

The IPO comprised a fresh issue of shares worth Rs 4,993.48 crore and an offer for sale to the tune of Rs 2,741.50 crore by selling shareholders. New Delhi: The initial public offer of PowerGrid Infrastructure Investment Trust was subscribed 4.83 times on the last day of subscription on Monday. The Rs 7,735-crore issue received […]

Adani Group Companies Stocks: Big Decline in Market Cap – All You Need to Know

RIL to invest up to $50 mn in Bill Gates-owned Breakthrough Energy Ventures

  RIL to invest up to $50 mn in Bill Gates-owned Breakthrough Energy Ventures Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Investment in Breakthrough Energy Ventures II, L.P. For more information please see below link:

Adani Group Companies Stocks: Big Decline in Market Cap – All You Need to Know

Tata Power jumps 7 per cent on completing 51 per cent stake acquisition in TPCODL

TP Central Odisha Distribution Ltd (TPCODL) carries out the business of Central Electricity Supply Utility of Odisha (CESU). The acquisition paves the way for taking over the power supply business of five cities in Odisha by Tata Power Shares of Tata Power on Tuesday rose 7 per cent after the company said it has completed […]

POWER GRID’s Consolidated Profit After Tax Crosses 12,000 Crore

PFS gets Rs 500 cr long-term loan from Bank of India

“We will use this loan to further expand our lending portfolio in infrastructure projects and other operational requirements,” said PFS Managing Director and CEO Pawan Singh New Delhi: PTC India Financial services (PFS) on Monday said it has been sanctioned fresh long-term loan of Rs 500 crore from Bank of India for onward lending to […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing

Jain Irrigations tanks 22% on rating downgrade, hits 14-year low

The rating agency said the downgrade reflects deterioration in the liquidity profile of JISL on account of a delay in the realisation of its receivables from its micro-irrigation systems (MIS) segment Shares of Jain Irrigation Systems (JISL) tanked 22 per cent to Rs 21.25 on the National Stock Exchange (NSE) on Wednesday after rating agency […]

Industry Association Seeks PLI Scheme For Solar Thermal Manufacturing