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New Delhi [India], April 9 (ANI): India's power sector is witnessing a rise in demand and a strong shift towards renewable energy, led by solar installations, even as solar manufacturing companies may face near-term margin pressure due to rising costs and competition, according to a report by YES Securities. The report noted that India's energy mix is gradually transitioning towards renewables, with solar emerging as the key driver of capacity additions. "India's power sector continues to tran ...Read More >
New Delhi, Dec 16 (SocialNews.XYZ) Antique Stock Broking on Tuesday initiated coverage on Adani Power Limited (APL) with a 'Buy' rating, setting a target price of Rs 187 per share. With the stock currently trading around Rs 144, the brokerage sees an upside potential of about 30 per cent, driven by strong earnings visibility, large capacity expansion plans and improving balance sheet strength. In its report, Antique said Adani Power is entering a multi-year earnings upcycle, supported by a sha ...Read More >
Image source: Ministry of Power (GODL-India), GODL-India , via Wikimedia Commons India's unified national power grid and aggressive expansion of renewable capacity have positioned the country as a premier destination for hyperscale data centers and Global Capability Centers (GCCs), Commerce and Industry Minister Piyush Goyal said on Monday. Speaking to reporters in New Delhi, Goyal emphasized that the country's 500-gigawatt (GW) integrated grid -- one of the largest single-frequency networks i ...Read More >
ReNew Energy Global Plc on Friday said it has secured $331 million (about ₹2,935 crore) in debt from the Asian Development Bank (ADB) to support a clean energy project in Andhra Pradesh. The funding is part of a $477 million financial package for the Andhra project, with the remaining $146 million to be arranged by ADB through other lenders. The project integrates 837 MWp of wind and solar capacity with a 415 megawatt-hour (MWh) battery energy storage system (BESS), ReNew said in a statement. ...Read More >
Coal for these plants would be sourced from CIL's Jharkhand-based subsidiary, Central Coalfields Ltd. The estimated project cost is pegged at nearly Rs 21,000 crore and would be on a 50:50 equity sharing basis. The project cost includes the development, construction, and commissioning of both units. The plants are targeted to commence commercial operations by 2031-32, aligning with India's expanding energy demand. State-owned CIL on Friday said it has entered into a partnership with Damodar Val ...Read More >
ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 30th Oct, 2025) Abu Dhabi National Energy Company PJSC (TAQA) announced today the divestment of its 100 percent stake in TAQA Neyveli Power Company Private Limited (TAQA Neyveli) to MEIL Energy Private Limited, an affiliate of Megha Engineering & Infrastructures Limited (MEIL), an India-headquartered, large diversified conglomerate with strong business interests in infrastructure, energy and hi-tech manufacturing for a sale consideration of INR ...Read More >
Hyderabad: The Telangana Power Generation Corporation Limited (Genco), has sought approval from the government to go ahead with the setting up of a 1x800 MW coal-based super critical thermal power plant at Ramagundam. The proposed plant will replace the aged 1x62.5 MW Ramagundam B Thermal Power Station, which the TGGenco is awaiting government permission to decommission. The proposed 800 MW plant will come up in its place. Genco in its request to the energy department, also laid out the need f ...Read More >
Prime Minister Narendra Modi inaugurated the Mahi Banswara Rajasthan Atomic Power Project, a 2,800 MW nuclear plant developed by NPCIL-NTPC, with an investment of Rs 42,000 crore. This project, along with other energy initiatives exceeding Rs 51,000 crore, aims to supply reliable power, create employment, and boost economic growth in Rajasthan. The 2,800 MW Mahi Banswara Rajasthan Atomic Power Project, developed by a NPCIL-NTPC joint venture at an investment of around Rs 42,000 crore in Rajasth ...Read More >
At present, the installed capacity of NTPC Group is 82,926 MW (53 NTPC-owned stations and 53 joint venture/subsidiary stations), from sources like coal, liquid fuel, hydro and solar. Power major NTPC is planning to set up nuclear power projects both as part of joint venture route and on a standalone basis, CMD Gurdeep Singh has said. The company is collaborating with technology providers and state governments to explore individual nuclear projects, Singh has said. At present, the installed ca ...Read More >
New Delhi: In a major development, the shares of Adani Power rose nearly 3 percent in opening trade on Tuesday. This comes after Adani Group's power arm managed to successfully complete the acquisition and implementation of the resolution plan of Vidarbha Industries Power Ltd (VIPL). According to the company, the acquisition was completed for Rs 4000 crore. It is important to note that the acquired asset, a 2×300 MW domestic coal-based power plant, is located in Butibori, Nagpur district, Mahara ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company. The company stated on Tuesday that VIPL is a 2x300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing Corporate Insolvency Resolu ...Read More >
Ahmedabad (Gujarat) [India], July 8 (ANI): Adani Power, India's leading private thermal power producer, successfully completed the acquisition and resolution plan implementation of Vidarbha Industries Power Ltd. (VIPL) for an aggregate consideration of Rs 4,000 crore, as per the official statement by the company. The company stated on Tuesday that VIPL is a 2x300 MW domestic coal-fired power plant located in Butibori, Nagpur district, Maharashtra. VIPL was undergoing Corporate Insolvency Resolu ...Read More >
New Delhi: The Centre is exploring the option of converting retired coal-based power plants to nuclear plants, said two people in the know of the developments. The need for conversion arises due to the requirement of large land parcels for nuclear plants even as the government aims to install over 22 GW of nuclear capacity by 2032 and 100 GW by 2047 from the current 8.7 GW. The government has already asked states to come up with plans to set up at least one nuclear plant each. "The possibilit ...Read More >
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