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Torrent Power has raised Rs 3,500 crore through a Qualified Institutional Placement (QIP) of 2.3 crore equity shares. This capital infusion will support the company’s business expansion plans, enhance its financial strength, and position it for future growth in India’s competitive energy sector.
Coal India has announced a significant price hike for coal from the Rajmahal area, raising the add-on price to Rs 700 per tonne. This strategic move is expected to generate an additional Rs 300 crore in annual revenue. Along with this, Coal India has revised its policy to allow more flexible coal supply for non-regulated sectors. Read on to understand the financial impact, market reaction, and future outlook for Coal India.
Power Mech Projects has secured a significant Rs 510 crore contract from Adani Power for the Raipur Phase II Ultra Supercritical Thermal Power Project. This order highlights the company's strong position in the infrastructure sector, with promising growth prospects backed by robust financial performance and strategic project wins.
Premier Energies' stock surged 4% following the announcement of Rs 1,087 crore in new orders for solar modules and cells from two major Independent Power Producers. With supply set to begin in January 2025, the company is poised for significant growth in the renewable energy sector.
Adani Group has posted impressive financial results for the first half of FY24, with a 17% growth in EBITDA and a strong liquidity position. With key acquisitions and reduced debt exposure, the conglomerate is strategically expanding in renewable energy, infrastructure, and utilities, positioning itself for sustained growth.
CESC's stock rose by 5% after announcing plans to acquire a 100% stake in an electricity distribution company in Chandigarh. This strategic move, valued at Rs 871 crore, marks a significant expansion for the company. Learn more about CESC's strong Q2 performance, future growth prospects, and how this acquisition will impact its market position.
DCM Shriram’s stock reached an all-time high after announcing a significant expansion at its Loni sugar plant, boosting its crushing capacity. This growth, along with strong Q2 results and strategic investments in renewable energy and chemicals, positions the company for long-term success.
L&T Energy CarbonLite Solutions has won significant contracts from NTPC to develop two thermal power plants in Madhya Pradesh and Bihar, valued at over Rs 15,000 crore. These ultra-mega projects will add 4,800 MW to India's power grid, enhancing energy security and supporting regional growth. Discover how this strategic win strengthens L&T's position in the energy sector and contributes to India's growing energy needs.
Sterlite Power has secured Rs 1,200 crore in new orders during Q2 FY25, strengthening its position in the global energy transmission market. The orders, focused on high-performance conductors and green energy transmission projects, reflect the company’s commitment to sustainable solutions and its role in India’s renewable energy transition.
Welspun Corp has secured significant contracts worth Rs 1,300 crore in the US for coated HSAW pipes, set to support natural gas pipeline projects. Despite recent challenges in the Indian stock market, the company remains optimistic about its growth prospects in North America and beyond. Dive into the details of these new orders and what they mean for Welspun's future.