WINDS
TRADERS’ CORNER: A play on wind energy for 11% short term trade & consumer durable maker eyeing 5% upswing
More mid-caps join the party as momentum favour bulls.
Regional airports found wind beneath their wings in FY24
India's hinterland air travel surged last year, driven by civil aviation ministry data and government schemes. Airports like Diu, Pantnagar, Tezpur, and Prayagraj saw significant growth, boosted by the Udan scheme and low fares. IndiGo and other airlines expanded services, with CFO Gaurav Negi highlighting the importance of regional routes for broader networks.
Inox Wind shares zoom over 10%, co to turn debt free after Rs 900 crore infusion
Inox Wind shares rose 10.5% to Rs 157.25 on BSE after a Rs 900 crore infusion from its promoter on May 28, 2024, involving marquee investors. Now net debt-free with 284% share growth in a year. CEO Kailash Tarachandani envisions reduced interest expenses, strong order book, and a 2.5 GW capacity from four plants, subsidiary Inox Green Energy.
Amazon to wind down its Astro for Business security robot
Amazon discontinues Astro for Business, offers $300 credit for replacements. Customers refunded for pre-paid fees as robot stops on Sept. 25. Reported by Harshita Mary Varghese and Juby Babu in Mexico City.
Renewables produce almost 60% of Spain's electricity
Spain significantly increased its renewable energy generation in the first half of 2024, with renewables contributing 60 per cent of its electricity, up from 51 per cent a year earlier, driven by new solar capacity and increased output from hydropower plants, according to data from grid operator Redeia, with wind farms generating 24.4 per cent of the total, solar plants 16. per cent, and hydropower dams 15.9 per cent, aligning with Spain's goal to reach 80 per cent renewable electricity by 2030.
- Go To Page 1
'Extremely dangerous' Hurricane Beryl intensifies in Caribbean, eyeing Jamaica
Hurricane Beryl intensified to a Category 4 storm with winds up to 155 mph, moving across the southeastern Caribbean on Monday. Jamaica is near its path, prompting a hurricane warning. The storm has caused power outages and flooding in several Caribbean islands. Beryl is expected to bring heavy rain to Barbados and the Windward Islands. Climate change is believed to be intensifying such storms, contributing to an unusually active hurricane season. Jamaica and Mexico are preparing for Beryl's impact, with warnings of potential flash flooding and infrastructure damage.
Wind energy company Radia reveals the ‘world’s largest aircraft’; here is how it will impact the renewable energy sector
Radia aerospace has revealed the ‘world’s largest aircraft’ which will change the wind energy sector in many ways. There are many logistical concerns and high financial cost incurred on installing wind turbines. This aircraft seeks to mitigate some of these challenges.
Inox Wind, CE Info Systems among 10 stocks that saw recent coverage by brokerages
In the last week, quite a few companies came on the radar of various brokerages, which initiated coverage on the same. Brokerages like Goldman Sachs, Bernstein, Nuvama initiated coverage on stocks like TBI Tek, CE Info Systems and PNB Housing Finance among others with upside potential of up to 34%. Below is the list of recent coverages:
Where can you see the Northern Lights tonight? Everything you may like to know
The Northern Lights, or aurora borealis is a natural light display in Earth's sky. These are seen when the highly charged particles carried by solar storms are reflected to the poles by the Earth's magnetic field.
Hot Stocks: 3 stocks that may give returns between 15-31%
A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 15% and 31% as per analysts’ price targets.
Wind Breaker Season 2: This is what we know about Japanese anime series’ renewal
The anime "Wind Breaker," based on Satoru Nii's manga, follows Furin High School students who resolve conflicts with strength. Crunchyroll confirmed the second season, set to release in 2025.
Odisha govt approves renewable energy projects worth Rs 903 Cr
The panel approved the proposal of HPCL Renewable & Green Energy Ltd to set up a 48-MW wind energy project at Umerkote in Nabarangpur district, while ONGC Tripura Power Company Ltd got the go-ahead to develop a 49.5-MW wind energy project in Astaranga in Puri district, the statement said.
Axis Securities initiates coverage on Inox Wind, sees upside potential of 30%
Domestic brokerage firm ICICI Securities initiated coverage on Inox Wind (IWL) with a target price of Rs 185 stating that the company is well-positioned to benefit from the tailwinds in the wind sector.
Heavy rain lashes parts of Delhi-NCR
Delhi and the National Capital Region (NCR) experienced continuous rainfall accompanied by thunderstorms and lightning starting in the early hours of Friday. This weather event followed spells of heavy rainfall that hit parts of Delhi on Thursday, providing relief from the recent extreme heat.
Viability gap funding set to boost offshore wind energy space: Crisil
The government's outlay, announced on June 19, includes Rs 6,853 crore for the installation and commissioning of 1 GW of offshore wind energy projects of 500 MW each off the coast of Gujarat and Tamil Nadu. It also has Rs 600 crore for augmentation of two ports to meet the logistics requirements for offshore wind energy projects farms and encourage developers to enter this space.
India keen to speed up power grid link talks with Sri Lanka
India is actively pursuing discussions with Sri Lanka to establish a power grid link, focusing on renewable energy for electricity trading. The project includes overhead and under-sea cables, with economic benefits being evaluated by PwC India and plans for a joint consultant for investment decisions.
Wind power generation picks up pace in TN; clean energy meets one-third of state’s power demand
Tamil Nadu's wind and solar energy generation peaked on Wednesday, meeting over one-third of the state's power needs. Wind power set a new record with 105.138 million units contributing to the grid. Solar power added 25.8 Mu despite overcast conditions, showcasing the state's commitment to green energy.
Sembcorp files suit against Siemens Gamesa over unsettled arbitration
Sembcorp's India unit has filed a lawsuit in a Bengaluru court to prevent Siemens Gamesa from selling its Indian business assets before settling an ongoing arbitration. The arbitration pertains to alleged default in executing a contract. Sembcorp has sought an injunction over the sale, which includes Siemens Gamesa's shareholding in India.
Juniper Green Energy secures renewable PPAs in Gujarat, Rajasthan
Juniper Green Energy announced on Wednesday that it has signed power purchase agreements for renewable energy projects in Gujarat and Rajasthan. The company has secured an agreement with Gujarat Urja Vikas Nigam Limited (GUVNL) under wind phase VI for a standalone 90 MW wind project in Gujarat. The aim of these projects is to promote renewable energy in these regions.
Cabinet approves offshore wind energy projects in Gujarat, Tamil Nadu with total outlay of Rs 7,453 cr
The Union Cabinet approved India's first offshore wind energy projects with a capacity of 1 GW, divided equally between Gujarat and Tamil Nadu, at a total cost of Rs 7,453 crore. Information & Broadcasting Minister Ashwini Vaishnaw highlighted this as a landmark decision, emphasizing the significant opportunity it represents for India's renewable energy sector.
Turnaround stocks: 10 companies that returned to profit in Q4
According to Ace Equity data, Piramal Pharma, Inox Wind Energy, BHEL, Sunteck Realty, Tejas Networks, and others turned profitable in Q4FY24
18 companies turned profitable in Q4 after 3 straight quarterly losses. Worth buying?
18 companies including BHEL, Centrum Capital, Inox Wind, Piramal Pharma, SAMHI Hotels, and Sterling and Wilson turned profitable in Q4 after consecutive losses. Sagar Cements reported a profit of Rs 11.59 crore. Inox Wind Energy recorded a profit of Rs 38.8 crore. Analysts expect India Inc earnings to grow by 12% for FY25.
Global wind installation growth pace slows on rising costs
Global wind power growth expected to slow in 2024 due to rising costs, limited infrastructure, and policy uncertainty, with installations increasing by almost 6%.
Crisil upgrades Inox Wind Ltd's rating
Wind energy solutions provider Inox Wind Ltd on Tuesday said Crisil has upgraded the company's long-term and short-term ratings on its banking facilities.
Suzlon Group gets 82 MW wind energy project in Madhya Pradesh from Oyster Green
Suzlon Group has secured an 82 MW wind energy project from Oyster Green Hybrid One Pvt Ltd. The project involves installation of 26 3.15 MW wind turbine generators in Agar, Madhya Pradesh. The company will handle the supply, erection, commissioning, and maintenance services for the project. It targets commercial and industrial customers to promote renewable energy usage in India. Suzlon aims to support sustainable energy solutions globally with its 20.7 GW wind energy capacity.
Nuvama initiates coverage on Suzlon and Inox Wind, sees upside potential of up to 33%
Nuvama, a domestic brokerage, initiated coverage on Inox Wind and Suzlon Energy with optimistic outlooks. It assigned a 'buy' rating and a target price of Rs 195 for Inox Wind, citing its position as one of the two key players in India's WTG and turnkey EPC market. Meanwhile, Suzlon Energy received a 'buy' rating with a target price of Rs 53, backed by its technological edge, high-margin services, and strong balance sheet.
Inox Wind shares dip 18% in last 2 days. What’s wrong?
Following the sale of a 5% stake by the promoter entity, shares of the high-performing stock Inox Wind experienced an 18% decline over the last two days, reaching the day's low of Rs 134 on the BSE on Wednesday.
Load More
