WIND
Explainer: Vijay Kedia stock, Adani Power among over 1,000 other scrips knocked out of acceptable NSE collateral list. What it means
The NSE has revised criteria for securities used as collateral in margin trading. 1,010 stocks, including Adani Power and Yes Bank, will be impacted. New rules require securities to meet specific criteria. Changes to take effect from August 1, 2024.
Over 1,000 stocks won’t be accepted as collateral from Aug 1; Adani Power, Yes Bank on the list
National Stock Exchange updates collateral criteria, leading to exclusion of stocks like Adani Power and Yes Bank. Over 1,000 securities affected. Changes in effect from August 1. Investors advised to review their portfolios.
China building more wind, solar capacity than rest of world combined: report
China currently has a total of 339 gigawatts (GW) of capacity under construction, including 159 GW of wind and 180 GW of solar.
China launches investigation in response to EU's probe of solar, wind power and other products
China's Commerce Ministry announced an investigation into alleged unfair EU trade practices in wind power, photovoltaics, and security equipment. Initiated by China's Chamber of Commerce for Import and Export of Machinery and Electronic Products, the probe follows EU investigations into Chinese subsidies. The investigation is set to conclude by January 10, 2025.
Juniper Green inks pacts to supply 480 MW from solar-wind hybrid projects
Juniper Green Energy will supply 480 MW solar-wind hybrid capacity to GUVNL and NTPC. The GUVNL Phase 1 project generates 412 million units annually with 190 MW, while NTPC Tranche-1 produces 633 MU annually with 290 MW across Gujarat and Rajasthan. CEO Naresh Mansukhani highlights advanced hybrid energy solutions.
Aiming to make renewable arm a $10 billion biz in next couple of years: Devansh Jain, InoxGFL Group
No offense to mobile phones or televisions, these are very high end complex products. You need to have the ability to stand for the next 20-25 years in terms of capability, in terms of developing projects, building projects.
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Inox Wind bags order for 200 MW wind project in Gujarat, Rajasthan
Inox Wind has secured a 200 MW wind energy project order from a renewable C&I power producer, to be executed in Gujarat and Rajasthan. The project includes Inox Wind’s latest 3 MW Wind Turbine Generators and turnkey execution, along with multi-year operations and maintenance services. CEO Kailash Tarachandani expressed confidence in significant growth for FY25 and beyond
Market trading guide: YES Bank, Inox Wind among 5 stock recommendations for Monday
Domestic markets kicked off the new month positively, gaining over 1% in the first week, continuing an uptrend from the previous month. “Consolidation is expected in the index after recent gains, with strong support seen around 23,700- 24,000. A clear breakout above 24,500 could signal the next bullish phase. Investors are advised to focus on selective stock picking, favoring sectors like energy, FMCG, and pharma for long positions, and staying selective in the others,” said Ajit Mishra – SVP, Research, Religare Broking. Here are 5 stock recommendations for Monday:
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.
'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.
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.
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.
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.
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.
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.
Despite record peak demand, power exchange prices remain lower than last year's peak period
The average daily price in the day-ahead market on the power exchange remained lower in May compared to peak periods last year, despite record-high peak demand. This indicates sufficient energy supply from various sources. The average price during May was ₹5.30 per unit, lower than last year's peak period of mid-August to mid-September, which was ₹7.75 per unit. Increased hydro and wind power generation have contributed to this improvement in supply. Even during days of record peak demand, prices remained relatively low on average.
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