TRANSMISSION LINES
Transforming India's power grid: Highlights from the Transmission & Distribution Conclave 2024
The conclave that took place at KSH Infra Park in Pune, Maharashtra on June 13, brought together industry leaders, experts, and enthusiasts to explore the transformative possibilities within the transmission and distribution industry.
Earnings growth likely to be in mid-teens; overall growth trajectory remains strong: Shibani Sircar Kurian
The building materials segment, specifically tiles, has underperformed despite significant real estate growth. Typically, when real estate sales pick up, demand and volume growth in building materials follow with a lag.
Buy Kalpataru Projects International, target price Rs 1385: Motilal Oswal
Kalpataru Projects International Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 19098.79 Crore) operating in Power sector.
Hold Kalpataru Projects International, target price Rs 1211: Prabhudas Lilladher
Kalpataru Projects International Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 19238.50 Crore) operating in Power sector.
Norms prescribe higher pay for land use in transmission projects
Landowners will get compensated for the tower base area at 200% of the land value, against 80% now, as per the new norms, while compensation for RoW for the transmission corridor has been doubled to 30% of the land value. The move is aimed at reducing project delays because of compensation issues.
Multiple-tripping incidents reported in northern region as power demand shoots up to 89.4 GW
Loads were gradually restored considering low voltages and high loading on 765 KV Agra-Gwalior lines. System load was restored to near normal level by 14.30 hours. All the transmission elements which tripped were restored by 16:00 hours.
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Major crisis in Delhi imminent if 'adequate' water not released in Munak Canal: Atishi to Haryana CM
Delhi is supposed to receive around 1,050 cusec water at Munak, but the supply has reduced, Atishi said. "With the water from Munak Canal reducing to 840 cusecs, Delhi will be unable to produce adequate water from our seven WTPs."
KEC International shares jump 8% on winning order worth Rs 1,061 crore
KEC International's share price rose by 8% to Rs 829 after securing new orders worth Rs 1,061 crore. The company's YTD order intake is over Rs 3,000 crores, with a growth of 30% compared to last year.
KPI Green Engineering bags orders worth Rs 351 cr
KPI Green Engineering secures Rs 351.35 crore orders for railway track fencing crash barriers, solar projects, and electricity transmission line towers.
Powering ahead: How India made big electricity blackouts a thing of the past
The present situation is a far cry from July 30 and 31, 2012, when India experienced the world's largest blackout. During that crisis, the northern and eastern grids collapsed due to overload, leaving 620 million people without power for more than 13 hours. Since then, significant improvements have transformed India’s transmission network into the world's largest unified grid.
Sterlite Power secures Rs 1,373 crore funding for Neemrana II Kotputli transmission project
Sterlite Power announced the successful funding of Rs 1,373 crore for its Neemrana II Kotputli Transmission Limited project from Power Finance Corporation. Sterlite Power aims to build a green energy corridor. Acquired in November 2023, the project will operate on a BOOT basis for 35 years. This initiative will interconnect the Neemrana and Kotputli substations and facilitate a LILO to integrate the Neemrana II substation with Gurugram and Sohna substations.
PGCIL's Q4 net profit dips 3.6%
The total transmission assets of the company and its subsidiaries stood at 1,77,699 circuit km of transmission lines, 278 substations and 5,27,446 MVA of transformation capacity.
Adani Energy Solutions buys Essar Transco for ₹1,900 crore
Adani Transmission Step Two Ltd (ATSTL), a wholly owned subsidiary, made the acquisition. Post completion, Essar Transco has become a wholly owned subsidiary of ATSTL and the step-down wholly owned subsidiary Adani Energy.
Stock Radar: GAIL India rallies over 60% in 6 months, likely to surpass 200 levels to hit fresh high
The price action suggests that stock made a strong base and can witness a bounce back which could take it to a fresh record high above 200 levels, according to experts. GAIL shares rose from Rs 124 on November 8, 2023, to Rs 201 on May 8, 2024, an upside of over 60%.
Buy Kalpataru Projects International, target price Rs 1360: Motilal Oswal
Kalpataru Projects International Ltd. key Products/Revenue Segments include Income from EPC,Contracts,& Others, Transmission Lines, Towers & Structures, Scrap, Others and Export Incentives for the year ending 31-Mar-2023.
L&T's power transmission, distribution business bags multiple orders in India, overseas
Floating solar projects involve mounting solar modules on structures that float in a water body, typically a reservoir/lake/abandoned quarry. Compared to ground-mounted solar plants, floating solar plants do not require land acquisition and typically involve less civil work.
Scaling up transmission, hydro policy in power ministry's 100-day plan
Power ministry prioritizes enhancing transmission lines, hydro policy, PSP, sovereign green bonds, and cost reflective tariff. It aims to strengthen the network, sanction projects, boost energy storage, ensure cost recovery, and seek viability gap funding for battery projects.
Buy Kalpataru Projects International, target price Rs 1200: Motilal Oswal
Kalpataru Projects International Ltd. key Products/Revenue Segments include Income from EPC,Contracts,& Others, Transmission Lines, Towers & Structures, Scrap, Others and Export Incentives for the year ending 31-Mar-2023.
RVNL-Salasar JV gets Rs 60 crore transmission project in central Africa
The Rwanda Transmission System Reinforcement and Last Mile Connectivity project (TSRLMC) worth USD 7.152 million equivalent to Rs 596.21 million (Rs 59.6 crore) is for plant design, supply and installation of 45.8 km, 110 KV double circuit Rukarara-Huye-Gisagara transmission lines, it said.
Sterlite Power, GIC to form JV for developing, operating power transmission projects in India
Sterlite Power and GIC announce a joint venture to develop and operate power transmission projects in India. Sterlite Power will hold a majority 51% stake, with GIC owning 49%. With a focus on India's transmission sector, the venture aims to leverage a USD 13 billion bid pipeline, signaling confidence in India's growth vision.
Land acquisition for bullet train project to be completed by March-end
While land acquisition and possession has been completed in Gujarat, and Dadra and Nagar Haveli, possession of over 15% of the total land requirement is yet to be handed over to the National High Speed Rail Corporation Limited (NHSRCL) in Maharashtra. In all, 959.04 hectares (ha) land has been acquired in Gujarat while 430.45 ha falls in Maharashtra.
Sterlite Power gets Rs 2,400 cr funding from REC arm for Beawar project
Sterlite Power has secured Rs 2,400 crore funding from REC Power Development and Consultancy Ltd (RECPDCL) for its Beawar transmission project in Rajasthan. The project, which aims to evacuate around 20 GW of renewable energy, will involve the construction of a 350 km, 765kV transmission corridor and a 3000 MVA 765/400kV substation.
Govt amends rules, exempts captive projects from transmission licence
The exemption from licence for transmission lines is already available to generating companies and captive generating stations. The move will encourage a new category of bulk consumers to emerge, benefiting from more affordable electricity and grid reliability, the power ministry said in a statement.
Sterlite Power acquires Neemrana II Kotputli Transmission
"Enabling part of 7.7 GW of green power flow, the Neemrana II Kotputli Transmission project is another vital cog in the machine that will accelerate the nation's transition to a sustainable future," Sterlite Power Managing Director Pratik Agarwal said in the statement.
Sterlite Power acquires Neemrana II Kotputli Transmission Limited from PFC
The project was awarded to Sterlite Power through the Tariff Based Competitive Bidding (TBCB) process in November 2023. Through the Neemrana II Kotputli Transmission Limited SPV, the company will build this Green Energy - project on a BOOT (build, own, operate, transfer) basis, for 35 years. This is Sterlite Power’s twentieth power transmission project in India under the TBCB process.
Sterlite Power Transmission to demerge its transmission infra business
Pratik Agrawal, Managing Director, SPTL, said in the statement, "The demerger will enable both entities to create independent capital structures, unlock value and attract investors suitable for the distinct growth profiles for each entity. We are confident that this will bring substantial value for our shareholders and help us in creating two world class business entities."
Sterlite Power bags green energy transmission project in Rajasthan
Sterlite Power has secured a green energy transmission order for Rajasthan Phase-III (20GW), a statement said. The project includes construction of 350km 765Kv electricity transmission corridor. However, the company did not disclose the value of the order.
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