Power Sector

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.

Kunjal Mehta, the company's CFO, stated that the pipeline bids will comprise high voltage direct current (HVDC) lines.

The project, which was initially approved by the Indian Railways in 2015, now has fully functioning overhead electrification, according to the business.

The NTPC group's total installed capacity was 75,958 MW in Q4FY24, compared to 72,254 MW in the same quarter the previous fiscal year.

The loan amount will be used to fund the company's $1.6 billion investment announced in August to create clean energy projects.

The project is estimated to be concluded within 24 months of signing the 25-year power purchase agreement.

The pilot project attempts to demonstrate the fundamentals of how electric vehicles (EVs) interact with the grid.