NTPC board approves Rs 3,004 cr investment in Talaipalli project

State-owned electricity generater NTPC Ltd on Tuesday said its board has approved an investment of about Rs 3,004 crore for Talaipalli coal mining project with an estimated 18 million tonnes p.a. capacity. In a filing to the Bombay Stock Exchange, the company said, “In line with the corporate disclosure requirements, we wish to inform that the board of directors of the company has accorde

Earnest states start showing improvement - ICICI Sec

Earnest states start showing improvement

The Union ministry of power, in order to help the sector tide over risks posed by the alarming weakness in financial position of discoms, unveiled UDAY (Ujwal Discom Assurance Yojana). The scheme, which aims at operational and financial improvements in discoms, has been subscribed to by 22 states so far. In this

28/03/2017 3:32:19 PM | Posted in Broking Firm Views - Sector Report read full news
LEDs to cut CO2 by 80 mn tonnes a year, save Rs 40,000 cr power

The government's promotion of light emitting diodes (LED) will help reduce carbon dioxide emissions by 80 million tonnes per annum and save around Rs 40,000 crore in power bills annually, Power Minister Piyush Goyal said on Monday.

"The LED project, where the government is replacing the lighting load of the country with LEDs, will reduce carbon dioxide emissions by 80 million

GVK Power surges nearly 6% on nod to sell 33% stake in BIAL

Shares of GVK Power & Infrastructure jumped nearly 6 per cent on the Bombay Stock Exchange after the company said that it has obtained all the necessary approvals in the BIAL shareholders agreement for the sale of 33 per cent stake in Bangalore International Airport Limited (BIAL) to FIH Mauritius Investments Ltd and Fairfax India Holdings Corporation.

Boosted by the development,

NTPC commissions 55 MW of Bhadla solar power project

State-owned electricity generater NTPC Ltd on Monday said it has commissioned 55 MW of Bhadla solar power project. In a filing to the Bombay Stock Exchange, the company said, “We wish to inform that 55 MW of Bhadla solar power project of NTPC has been commissioned.”

It further added that, with this, the installed capacity of Bhadla solar power project has become 260 MW and

IREDA to sanction Rs 13,000 cr for clean energy projects

State-run Indian Renewable Energy Development Agency (IREDA) has said that it will sanction Rs 13,000 crore for clean energy projects next fiscal in the country, vying for around 20 per cent of the loan market share.

As per reports, with the government aiming at adding around 15 to 16 GW of clean energy projects, including solar and wind, there would be total credit market size of aro

Tata Power`s arm sells stake in Nelito

Tata Power has said in a filing to the Bombay Stock Exchange that NELCO and Af-Taab, subsidiaries of the company, along with other shareholders of Nelito have entered into an agreement for sale of shares of Nelito to DTS Corporation, Japan. NELCO Limited (NELCO), a subsidiary of the Company and Af-Taab Investment Company Limited (Af-Taab), a wholly owned subsidiary of the Company, both together

Powergrid commissions 800 kV transmission line in Chhattisgarh

Powegrid Corp on Friday started the commercial operation of its 800 kilovolt (kV) HVDC Champa-Kurukshetra Pole I project, the state-run electricity transmission company announced here.

"This project will enable transfer of power from Independent Power Producers (IPPs) generation projects coming up in Raigarh generation complex in Chhattisgarh to demand centres of Northern region

NTPC starts 3 units; beats 12th Plan target by adding 12.84GW

State-owned electricity generater NTPC Ltd on Thursday said it has commissioned three units of different projects namely 20 MW unit of Bhadla solar power project, unit-2 of 250 MW Bongaigaon thermal power project, and unit-2 of 800 MW Kudgi super thermal power station respectively. In a filing to the Bombay Stock Exchange, the company said, “20 MW of Bhadla solar power project has been co

NHPC spurts over 2% on signing PPAs with TP-DDL

Shares of NHPC rose over 2 per cent on the Bombay Stock Exchange (BSE) after it said that it has signed Power Purchase Agreements (PPAs) in respect to seven power stations namely Bairasiul, Salal, Tanakpur, Chamera-I, Uri-I, Sewa-II and Chamera-III on 22.03.2017 with Tata Power- Delhi Distribution Limited (TP-DDL) for a period of 35 years from the date of commercial operation (COD) of respectiv

BSES payment counters to remain open this Sunday

BSES, one of Delhi's two power distribution companies (discoms), on Thursday said cash counters at division offices of its sister discoms BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL) will remain open on March 26, 2017, which is a Sunday, between 9 am and 3 pm.

"In addition, BSES consumers can also pay their electricity bills on all seven days of the week be

Hold V-Guard Industries Ltd For Target Rs.185.00 - Sharekhan

We recently interacted with the management of V-Guard Industries to get a deeper insight into the company’s business. The key takeaways are given below. 

Key points

Price hike to combat commodity inflation:

The management of V-Guard Industries guided that they have taken a price hike of ~

23/03/2017 2:39:52 PM | Posted in Broking Firm Views - Long Term Report read full news
Upendra Tripathy to head ISA

Former Secretary, Ministry of New and Renewable Energy Upendra Tripathy has been appointed as the Interim Director General (IDG) of the International Solar Alliance (ISA). The Ministry of New and Renewable Energy said in a statement that, “Piyush Goyal, Union Minister for Power, Coal, New and Renewable Energy and Mines, Government of India and Ms Ségolène Royal, Minister for

Japan thermal power generation dips 40%

 Increased renewable capacity in post-Fukushima disaster will see Japanese thermal power generation decline to 40 per cent below 2015 levels by 2030, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday.

The IEEFA report -- Japan: Greater Energy Security Through Renewables Electricity Transformation in a Post-Nuclear Economy -- emphasises the pot

Buy CESC Ltd For Target Rs.876-900.00 - Reliance Sec

*The stock is in strong up-trend as it reversed after taking support of Rs790, which is 23.6% Fibonacci Retracement level of prior upmove (i.e. 527-876).

* Key technical indicators are positively poised above their neutral line and about to give positive cross-over.

* As per the current daily set-up, we believe that stock will continue the northward rally and record fresh hi

21/03/2017 11:55:04 AM | Posted in Broking Firm Views - Short Term Report read full news
Power Sector - WBERC highlights hidden cost in renewable energy - Motilal Oswal

WBERC highlights hidden cost in renewable energy

RoE of coal-based plants will be impacted if not compensated

* Renewable energy (RE) generation can have a meaningful impact on generation and utilization of conventional power capacities, although it will not displace the requirement for conventional capacities

20/03/2017 2:35:40 PM | Posted in Broking Firm Views - Sector Report read full news
Note ban had no impact on power projects: Officials

A power ministry official has said that the notes pullback had no major impact on power transmission projects as states reported no delay in implementation of these projects to the Central Electricity Authority (CEA). As per reports, the Government announced scrapping of high-value notes on November 8 last year following which there were fears that it would slow the economic growth and implemen

NTPC posts record annual power generation at 264 bn units

State-run power generator NTPC registered its highest ever annual cumulative gross generation of 263.95 billion units (BU) till date this fiscal, surpassing the 262.42 BU achieved during 2015-16, an official said on Friday.

"NTPC Group achieved highest ever cumulative gross generation of 263.95 BU till yesterday (Thursday) during the current year, surpassing previous annual best

Sell Havells India Ltd For Target Rs.418.00 - Kotak Sec

HIL stock has appreciated sharply since our previous update (post Q3FY17 results). We believe that at current valuations (at PER 33.4x FY18 earnings) company's stock is trading expensive vis-à-vis and outperformance over the broader market is unlikely to last.

Havells board has recently approved the acquisition of Lloyd consumer durable business for an EV of Rs 16 Bn on deb

16/03/2017 2:32:08 PM | Posted in Broking Firm Views - Long Term Report read full news
Bharat Heavy Electricals Ltd starts commercial ops of 800 MW thermal plant

Bharat Heavy Electricals (BHEL) said that it has commenced commercial operation of its first 800 MW unit - highest-rating coal-based supercritical thermal power plant. The milestone was achieved for the first unit of the 2x800 MW Yeramarus thermal power station of Raichur Power Corporation (RPCL), in Raichur district of Karnataka, the company said in a filing to the Bombay Stock Exchange.

Buy KEC International Ltd For Target Rs.230.00 - Sharekhan

Key points

* Overseas order inflows driving growth:

After remaining lackluster in the last three years (with only 1.4% CAGR during FY2014-FY2016), KEC International’s order inflows have expanded by a significant 26% YoY to Rs8,634 crore in 9MFY2017. The strong growth in order inflow has been driven large

15/03/2017 4:09:15 PM | Posted in Broking Firm Views - Long Term Report read full news
Buy Suzlon Energy Ltd For Target Rs.23.00 - Emkay

Wind tariffs become more competitive

* The results for first 1GW wind auction are out with tariffs at Rs3.46/unit. We interacted with two wind power developers who secured 50% of these orders. The developers are confident of sustainable IRR of 14% at this bid price.

* To achieve desirable IRRs, the developers would install wind turbines which

14/03/2017 2:50:53 PM | Posted in Broking Firm Views - Long Term Report read full news
Reduce On Havells India Ltd For Target Rs.380.00 - Emkay

Multiple challenges ahead; Rich valuation; Downgrade to Reduce

* Havells India has acquired the consumer durable business of Llyod Electric for Rs16bn (valued at 0.86x FY17E sales – Rs18.5bn). This marks Havells’ entry in the large appliance segment. The acquisition is funded by a mix of debt and internal accruals.

* The deal enta

13/03/2017 9:38:08 AM | Posted in Broking Firm Views - Long Term Report read full news
Update On Reliance Infrastructure Ltd - India Nivesh Sec

* Reliance Infrastructure (R‐In fra) in its recent quarterly conference calls highlighted that their focus going forward would be towards, (1) Power, (2) EPC and (3) Defense sectors. R‐Infra has created a 100% subsidiary, Reliance Defense (RDL) to take on Defense opportunities emerging in domestic markets. As part of this strategy, R‐Infra recently completed the 51% stake acquisition of P

11/03/2017 1:21:12 PM | Posted in Broking Firm Views - Long Term Report read full news