NTPC GREEN ENERGY SHARES
NTPC Green Energy shares in focus after MoU to set up hydrogen fuel station at VOC Port
NTPC Green Energy partners with V.O. Chidambaranar Port Authority to establish a green hydrogen fueling station and deploy hydrogen-powered trucks, promoting green energy technologies and decarbonization. The company's financial performance shows a strong increase in net profit and sales. Technically, the stock exhibits mixed signals, trading below longer-term moving averages but above shorter-term ones.
Adani Group looks to invest USD 60 bn in power, RE sectors till FY32
Adani Group plans to invest approximately USD 60 billion in the power sector by FY32, with a significant focus on renewable energy expansion. The group aims to increase its renewable energy capacity to 50 GW by FY30, investing USD 17 billion in transmission and distribution capabilities. Adani Power will invest USD 22 billion to reach a 41.
India’s first port-based green hydrogen pilot project begins production
Sarbananda Sonowal launched India's first Green Hydrogen Pilot Project at V.O. Chidambaranar Port. The project will power streetlights and an EV charging station. VOC Port is now the first in India to produce green hydrogen. India aims to be a top shipbuilding nation by 2030 and among the top five by 2047.
India, Singapore unveil road to jointly navigate global challenges
India and Singapore are strengthening ties. Both countries are expanding their strategic partnership. They are focusing on trade, manufacturing, and technology. Agreements are signed for aviation, skills, and green shipping. Both countries will cooperate on digital assets and infrastructure. They will also focus on security and counter-terrorism. Narendra Modi and Lawrence Wong express commitment to the partnership.
NTPC shares in focus after Tanda Thermal Power Station Stage-I shutdown
NTPC shares are set to be in focus after the state-run power producer announced the permanent closure of its Tanda Thermal Power Station, Stage I, effective September 1. The facility comprised four units of 110 MW each. The shutdown, approved by the competent authority and communicated to the CEA, aligns with NTPC’s ongoing portfolio optimisation strategy.
How will the recent GST changes affect different sectors of the economy?
GST slab rationalization is set to spur consumption and economic growth. Automobile, cement, and consumer goods sectors are likely to benefit. Two-wheeler makers with higher than 350 cc bikes may face negative impact. Retail-focused lenders could see improved credit demand. Renewable energy companies may gain from GST reduction on solar cells.
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Clean energy projects installations to get cheaper due to lower tax on devices
India reduces GST on renewable energy devices. The GST Council approved the rate cut to promote green power adoption. Fuel cell vehicles and solar cookers also see reduced duties. The new rates take effect from September 22. Industry leaders expect lower project costs and increased investment. This move supports India's renewable energy targets and sustainable future.
Government cuts GST on solar and wind energy, boosting green tech adoption
The GST Council has reduced the tax on solar and wind energy equipment to 5% from 12%, while increasing the rate on coal and lignite to 18% from 5%. This move aims to boost the green energy sector by lowering project costs and encouraging wider adoption. Experts believe this could reduce solar power costs by 10-15% and stimulate domestic manufacturing.
Adani Green, Waaree Energies and other renewable energy stocks in focus as GST cut to 5% from 12%
Renewable energy stocks like Adani Green, Tata Power, NTPC, and Waaree Energies in focus after the GST Council cut tax on solar, wind, biogas, and other clean energy devices and parts to 5% from 12%, lowering costs for developers and boosting green transition.
KP Group partners with AHES, GH2 Solar to set up green ammonia plant in India
KP Group is collaborating with AHES and GH2 for green ammonia production. The facility will be in India with 100,000 metric tons capacity annually. KPI Green Hydrogen & Ammonia Pvt Ltd, AHES Co Ltd, and GH2 Solar Ltd signed a MoU. AHES and GH2 will arrange offtake agreements.
India to test battery storage at coal plants to balance grid as solar power surges
India plans to test battery storage systems at coal plants. This will help integrate solar power and maintain a reliable electricity supply. Thermal plants can store excess energy. They can dispatch it later when needed. NTPC will conduct the tests at some plants. The government is providing funding support. This initiative aims to stabilize coal plant operations and reduce costs.
Inox Green signs O&M agreements for solar projects of 189.1 MWp
According to a company statement, the pacts include 96.6 MWp with a global PE-backed Independent Power Producer (IPP) for their projects located in Maharashtra and 92.5 MWp with an IPP for their projects located in Gujarat and Madhya Pradesh. With these additions, Inox Green's solar O&M portfolio has touched 1.8 GW, taking the total renewable O&M portfolio to 5.3 GW, the statement added.
About 83% green energy switch funded domestically, need to unlock international finance: WRI India CEO
WRI India emphasizes the need to unlock international finance for India's green energy transition, as domestic funding covers 83% of the costs. Sectors like green steel and aviation require foreign investment to meet climate goals. The organization signed MoUs to accelerate clean energy adoption and electric mobility, urging MSMEs to embrace resilience and green skilling.
Gadkari calls for need-based research on green hydrogen to make it economically viable
Nitin Gadkari emphasized green hydrogen's potential to revolutionize transport, pharmaceuticals, and steel industries, aiming to reduce fuel costs and transform India into an energy exporter. He highlighted upcoming trials for green hydrogen trucks and the possibility of using municipal waste for cheap hydrogen production.
NTPC Green Energy announces commercial operation of 25 MW solar capacity
NTPC Green Energy, a subsidiary of NTPC, is set to commercially operate 25 MW of solar capacity starting September 3, 2024. This addition will increase the NTPC group's total installed and commercial capacity to 83,366 MW. NTPC, India's largest power generation entity under the Ministry of Power, continues to expand its renewable energy portfolio.
From boAt to Urban Company: Sebi approves 13 IPOs in a week as markets brace for listing deluge
Sebi has cleared 13 IPOs in a week, including Urban Company’s ₹1,900 crore issue. The IPO will raise ₹429 crore via fresh shares and ₹1,471 crore through an OFS by investors such as Accel, Elevation, Tiger Global, and Vy Capital, down from the earlier planned ₹3,000 crore.
Ambani’s Reliance a big gainer from China’s push to curb price wars, Morgan Stanley says
Reliance Industries is poised to significantly benefit from China's efforts to curb overcapacity in key sectors and its own internal restructuring. Morgan Stanley highlights that Reliance's strategic moves in solar energy and consumer businesses, coupled with China's 'anti-involution' policies, could substantially boost its earnings and net asset value.
Adani Green Energy operationalises 125-megawatt project in Gujarat
Adani Green Energy Ltd (AGEL) announced on Monday the operationalization of a 125-megawatt solar power project in Khavda, Gujarat, through its subsidiary, Adani Renewable Energy Fifty Six Limited. This addition elevates AGEL's total operational renewable generation capacity to an impressive 15,990.5 MW, reinforcing the company's commitment to expanding its green energy footprint in India.
Greenzo bags Jindal Stainless order for 472-tonne green hydrogen plant in Odisha
Greenzo Energy will establish a green hydrogen electrolyser project for Jindal Stainless in Odisha. The project is expected to be completed in seven months. The plant will produce green hydrogen for stainless steel production. This will help Jindal Stainless reduce its carbon footprint. Greenzo will also provide training and operational support.
GH2 Solar announces foray into electrolysers, manufacturing with initial Rs 400 cr investment
GH2 Solar has ventured into electrolyser manufacturing with an initial investment of Rs 400 crore, including funds from investors, to produce green hydrogen. The company is establishing a manufacturing facility in Gwalior in collaboration with Advanced Hydrogen Energy Solutions (AHES) Ltd, targeting completion by 2026-end.
Advanced tech coal power project on the back burner
The government is reconsidering its advanced ultra supercritical (AUSC) power project plans due to high upfront costs and the need for viability gap funding. While the technology offers improved efficiency and lower emissions, similar benefits are available from nuclear and renewable energy sources without subsidies.
NTPC shares in focus on Rs 7,735 cr coal mining transfer plan to subsidiary
Top-performing asset management companies (AMCs) may soon face a valuation check as rising competition, regulatory scrutiny, and elevated stock prices draw investor caution. While fund houses have delivered strong growth and outperformance, analysts warn that premium valuations leave little room for error. Any slowdown in inflows or margin pressure could trigger a reassessment of their lofty pricing.
Sunsure Energy, NVVN sign 500 MWh BESS pact for peak hour power supply to UPPCL
Sunsure Energy has partnered with NTPC Vidyut Vyapar Nigam to supply 500 MWh of peak power from a battery energy storage system to Uttar Pradesh Power Corporation. The 15-year agreement involves Sunsure establishing a standalone BESS in Jhansi, delivering on-demand power during peak hours. This agreement marks a shift in India's energy storage, billing based on discharged energy.
For ‘some’ investors, a crisis is an opportunity: 5 large-caps from different sectors with an upside potential of up to to 32%
Here’s what you will now often hear on the street: With the additional 25% Trump tariff kicking in, we are in unprecedented times; job losses, unemployment have risen in some sectors. There is and will be no dearth of lobbyists who will plant the news here and there. Now, when was the last time you heard something like this? When there was tension on the border with Pakistan? When Israel bombed Iran? When the Adani-Hindenburg crisis erupted? When the Russia-Ukraine war started? Every crisis seems the gravest ever when it erupts, but all these events are mere blips when we look back. So, ignore all the panic and focus on the long term. Remember that good businesses have grown and flourished through all the above-mentioned crises.
Vikram Solar shares zoom 9% after a muted D-Street debut
Vikram Solar shares: The stock rallied 9.2% on Tuesday, trading 12% above its IPO price as strong revenue outlook and robust order book revived investor interest after a muted debut.
Vikram Solar makes a muted D-St debut, shares list at 2% premium over IPO price
Vikram Solar share price: Vikram Solar's shares debuted with a modest premium on the stock exchanges, following a highly successful IPO that was oversubscribed 56.42 times. The company, a major solar PV module manufacturer, witnessed strong financial growth in FY25, with revenue increasing by 37% and profit after tax surging by 75%. Post-IPO, Vikram Solar's market capitalization is estimated at Rs 12,009 crore.
India's renewable energy sector set for Rs 25,000 crore IPO surge
Indian renewable energy companies are preparing for significant fundraising through IPOs. Several companies like Emmvee Photovoltaic and Juniper Green Energy await SEBI approval. NTPC Green Energy's successful listing has boosted the sector. Experts believe this signals the sector's maturity. Companies will use IPO proceeds for capacity expansion. This surge in activity is driven by India's ambitious renewable energy targets.
NTPC Green commissions 49 MW capacity at Khavda solar project
NTPC Green Energy Ltd (NGEL) announced that the commercial supply of 49 MW capacity at the Khavda Solar Energy Project in Gujarat will commence on August 22, 2024. This marks the third part commissioning of the 300 MW project. Earlier parts of the project, with capacities of 142.2 MW and 32.8 MW, became operational in June.
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