Power India reported a marginal net profit of ₹37 Lakh, contrasting with a net loss of ₹139.9 Crore in the previous fiscal year.
Transformers and Rectifiers India was trading on the BSE at ₹361.00 at 11:23 a.m., up ₹17.20, or 5.00%.
The Central power Authority predicts that India's daily power demand would reach a record 256.5 gigawatts (GW) in September 2024.
Recommendation: Buy; Target price: ₹5915
NTPC, India's largest power utility, has a total installed capacity of 74 GW
The board accorded investment approval for the implementation of ULDC Phase-III at an estimated cost of Rs 514.66 crore.
The stock has rallied over 60% in the calendar year 2023
Adani Power, despite not initially expressing interest, entered into a partnership with Dickey Alternative to submit a joint resolution plan.
The Teesta-V (510 MW) and Teesta-VI HE (500 MW) projects have been impacted, with all units shut down due to the emergency
The capital will be raised through securitization of cash flows from four operational Special Purpose Vehicles up to March 2034.
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