Power Sector

On May 28, Inox Wind Energy raised this money by selling roughly 5% of its shares in the company through block agreements.

The company is working on comparable initiatives in a variety of industries, including cement, textile, automotive, and pharmaceuticals.

This agreement follows a term sheet signed on December 14, 2023, outlining cooperative development ambitions.

Inox Wind Ltd. stated in a regulatory filing that it will use the money to pay off all of its external term debt and become debt-free.

For the first quarter of fiscal year 2025, IEX recorded an electricity volume of 28,178 MU, a 19% increase year-on-year.

The project is expected to increase KPI Green's capacity to provide environmentally friendly energy solutions.

The Marinus Link voltage source converter (VSC) provides high voltage direct current (HVDC) connections between Tasmania and Victoria.

Suzlon shares have increased for the third month in a row. The stock is up 6.5% in June, after rising 15% in May and 3% in April.

The ₹301 crore buyback equals up to 1.64% of the company's total paid-up equity share capital as of March 31, 2024 (excluding 45 lakh equity shares held by the Trust in Treasury).

On the charts, Power Grid is trading above all of its important 50, 100, and 200-day moving averages.