POWER EQUIPMENT
Optiemus Infracom plans to invest Rs 140 crore in drone-as-a-service model
The company had formed a subsidiary Optiemus Unmanned Systems (OUS) in 2023 with an initial investment of Rs 25 crore to design drones. OUS, on Thursday, announced a range of drones for agricultural and mapping use-cases.
Budget 2024: What are power sector's expectations from FM Nirmala Sitharaman?
Budget 2024: With anticipated economic growth and a focus on energy transition, India’s power sector is a top priority for the government. The nation is targeting 500 GW of renewable energy by FY30 and an additional 85 GW of thermal capacities by FY32. ET examines the challenges faced by the sector and its budgetary wishlist.
India asks utilities to order $33 billion in equipment this year to boost coal power output
India's government plans a $33 billion equipment order to accelerate coal-fired power capacity additions amid soaring electricity demand. Major firms like NTPC and Adani Power are expected to lead tendering, aiming to add 31 GW in 5-6 years. The move follows record-high power demand and recent supply challenges, prompting urgent action to bolster infrastructure.
India powers up energy network for its hotspots
The govt is taking steps to ensure power projects, including renewable energy sources like wind turbines and solar panels, can operate effectively in the face of intense heatwaves in India. Actions involve enhancing heat tolerance levels, addressing peak power demand, upgrading transmission equipment, and implementing measures like proper ventilation in substations and transformer yards.
As unrelenting heat wave makes power demand spike, utilities told to be on high alert
The ministry's statement highlighted that the northern region has faced high electricity demand since May 17, 2024, due to the heatwave. Despite these tough conditions, the highest-ever peak demand of 89 GW in the northern region was successfully met on June 17, 2024.
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India sees record peak demand for power in north as heatwave persists
The India Meteorological Department (IMD) has predicted above-normal temperatures for June in the northwest and central parts of the country, making it one of the longest heatwave spells.
FY24 threw 12 multibagger stock ideas with consistent earnings growth. Which ones to chase?
FY24 featured 12 multibagger stocks with consistent earnings growth in sectors like autos, capital goods, PSUs, power, and infra sectors. Experts shared valuable insights for investors looking to capitalize on market opportunities.
Adani Group awards Rs 7,000 crore orders to BHEL for two power plants
Bharat Heavy Electricals Limited (BHEL) has secured orders worth Rs 7,000 crore from Adani Group for two power plants. The projects include the Raipur and Mirzapur supercritical thermal power plants in Chhattisgarh and Uttar Pradesh, with BHEL handling the manufacture, supply, and commissioning of key equipment. BHEL is India's leading engineering and manufacturing enterprise in energy, industry, and infrastructure.
Japan's Advantest says AI demand boosting memory tester business
HBM, a type of high performance memory where chips are stacked to save space and reduce power consumption, is used when processing the large amount of data needed for AI tasks.
Canon in talks with Indian, global players to supply chip making machine
Canon is exploring partnerships with Indian and global players for semiconductor lithography equipment essential in chip fabrication, aiming to challenge ASML. The company is in talks with semiconductor firms investing in India, including Tata Group and PSMC. Canon also launched Canon Medical Systems India to meet the rising demand for medical equipment, targeting key markets like Chennai, Hyderabad, and Mumbai.
BHEL shares jump over 14% after winning thermal power project orders, including Adani Power contract
Bharat Heavy Electricals Limited (BHEL) shares surged 14.5% after securing thermal power project orders, including a significant one from Adani Power. BHEL will set up a 2x800 MW thermal power plant for Adani Power in Raipur, Chhattisgarh, and another project for Mirzapur Thermal Energy in Uttar Pradesh.
SC dismisses Adisri Commercial's appeal against insolvency proceedings on SREI Firms
The Supreme Court dismissed Adisri Commercial's appeal against the admission of insolvency proceedings against SREI Infrastructure Finance (SIFL) and SREI Equipment Finance (SEFL), imposing a cost of Rs one lakh for filing a frivolous petition. Upholding the National Company Law Appellate Tribunal's (NCLAT) decision, the court rejected Adisri Commercial's petition seeking to quash the Corporate Insolvency Resolution Process (CIRP) initiated against the two SREI companies
Delhi's discoms relying on advanced-technology transformers to ensure uninterrupted power supply
Delhi's power distribution companies (discoms) rely on advanced technology transformers to meet peak demand amid scorching temperatures. BSES and TPDDL utilize transformers designed to operate efficiently even in extreme heat, ensuring uninterrupted power supply. With remote monitoring and cooling systems, these transformers withstand Delhi's environmental challenges, preventing outages.
Power Mech Projects bags order worth Rs 563 crore to construct nuclear power plant from BHEL
Power Mech Projects announced securing a Rs 563 crore order from BHEL to build a nuclear power plant at Kaiga Atomic Power Project, marking its entry into the critical nuclear sector. The project will cover various civil, structural, and architectural works for units 5 and 6, contributing to India's sustainable energy goals.
3M India Q4 Results: 'Post-it' maker posts profit rise; shares surge
3M INDIA-RESULTS/'Post-it' maker 3M India posts Q4 profit rise; shares surge
Mallikarjun Kharge promises to exclude agricultural equipment from GST ambit if voted to power
Congress President Mallikarjun Kharge declared that if the INDIA bloc gains power, they will exempt agricultural equipment from GST. He criticised the current government for firing tear gas at protesting farmers. He promised legal MSP guarantee and free grains distribution. He further addressed the drug issue in Punjab, and pledged support for MSMEs.
Ready to build high-capacity nuclear power units at new site in India: Russia
Russia and India are set to expand cooperation in atomic energy. There are plans to construct high-capacity nuclear power units at a new site in India. Department of Atomic Energy secretary Ajit Kumar Mohanty and Rosatom State Atomic Energy Corporation of Russia Director General Alexey Likhachev discussed enhancing nuclear energy collaboration during a visit to the Pilot Demonstration Energy Complex in Russia. Likhachev expressed readiness for extensive cooperation covering various nuclear energy applications.
Bureau of Energy Efficiency plans norms to make more products energy efficient
The power ministry body, which works on improving energy efficiency of electronic products, also plans to revise the energy efficiency levels of ten existing star-rated products such as refrigerators, ceiling fans, room ACs and distribution transformers this year to push manufacturers to launch more energy-efficient products. Over the next three years, it will make energy labelling norms compulsory for products such as LPG stoves, microwave ovens and induction hobs, which are voluntary at present, said Bakre.
Delhi's power demand soars to May's highest ever at 7,572 MW amid rising temperatures
Delhi experienced its highest-ever peak power demand for May due to a heatwave on Monday, as confirmed by officials from the electricity distribution companies. According to real-time data from the State Load Dispatch Centre, Delhi, the peak power demand reached 7,572 MW at 3:33 pm.
Delhi's power demand peaks at 6,780 MW; may reach 8,000 MW this summer: Discoms
With the day temperature spiralling up with each passing day, Delhi's power demand shot to 6,780 MW on Thursday -- the highest this summer so far, discom officials said. Realtime data from State Load Dispatch Centre (SLDC) showed that the peak power demand of the city was 6,780 MW at 3.26 PM on Thursday.
Thermal PLFs to remain healthy amid power demand-supply mismatch: Report
India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY25, predicting that thermal plant load factors (PLFs) will remain healthy due to a demand-supply mismatch. The agency believes that the overall plant load factor of thermal power plants will improve to reach closer to 70% in FY25. This is due to higher power demand, domestic coal production ramp-up, slower capacity additions, and dependence on coal-based generation until sufficient storage capacity is built up for the energy transition towards renewables.
India will soon have solar power waste to fill 720 Olympic-size swimming pools. It has to urgently find solutions.
The country is betting big on solar energy — and rightfully so. But it is not giving equal importance on managing or recycling the waste that would be generated.
European shares open higher on earnings-driven optimism
The pan-European STOXX 600 was up 0.3%, as of 0720 GMT, to its highest levels in more than one month
Norms eased to draw in more suppliers for power equipment
India's primary planning and advisory body for the power sector has loosened a significant condition for power equipment supplies in public sector projects, aiming to enable utilities to issue tenders that facilitate greater involvement from private vendors, sources familiar with the matter revealed.
Data centres, EVs and green hydrogen to create upside for long-term power demand growth: Nikhil Nigania
For solar, you have the likes of Waaree, etc. And for wind, you have the equipment suppliers again in the sense of Suzlon and Inox. So, these I would say are the broad spectrum of power equipment suppliers in the Indian landscape.
Power Grid to infuse funds in National High Power Testing Laboratory; to hold 50 pc stake
Power Grid to invest in NHPTL, a joint venture with NTPC, NHPC, DVC, CPRI. Ministry of Power approved revival plan with equity transactions and revised board composition for short circuit testing facility.
Power generator gathers steam to rise 16% as electrical equipment player makes space for 7% gain
Nifty opened positive and grew stronger. But it soon started losing strength and closed with a loss.
Gencos and gear makers to be nudged by the govt to join hands for EPC bids
The government is encouraging consortia of companies to bid for thermal power equipment contracts. BHEL has won three consecutive contracts for thermal power projects. NTPC is in talks with L&T regarding tender issues. DVC has issued tenders for Raghunathpur Phase-II and Koderma Phase-II.
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