Following its strong recovery yesterday, Adani Green Energy continued its sharp recovery, rising 10% again today. Keeping it company was the newly listed NTPC Green, which rose almost 5% to 127 on the back of a project commissioning. Waaree Renewable Technologies powered up 5% after its announcement late last evening of a 2 GW project. […]
Ruling on a case involving Acme Solar and Central Transmission Utility of India (CTUIL), the Central Electricity Regulatory Commission (CERC) has allowed Acme Solar an extension on its delayed project in Rajasthan, with the provision of more damages in case it does not deliver a phased commissioning under the new deadlines. Petition Overview: ACME Solar […]
Renewable energy company ACME Solar today published its quarterly (Q2) and half-yearly (H1) results. The results revealed that the firm witnessed a dip in its revenues and profits in the quarter on a Year-on-Year (YoY) basis. However, on a Quarter-on-Quarter (QoQ) basis, the company reported an increase in its profit. The details filled in by […]
Even as most green stocks mirrored the broader rebound seen in the Indian markets, Adani Green continued to struggle, slumping a further 6% today. The Green energy developer has been caught up in a US district court indictment, besides SEC charges of alleged wrongdoing in power contracts in India. The other stocks to have a […]
On a volatile day for the market where it looked like a strong recovery was underway after 7 sessions of losses, our Green pack led the charge with most stocks outperforming market gains. Only to be tripped up by profit booking towards the close when most gave up some, or all of their gains. Shakti […]
The extended weekend break provided little respite for a slipping market, but some of our green stocks stood up well on a week day. Cell and Module manufacturers Premier Energies and Waaree Energies both jumped over 10% and 6% respectively. Acme Solar, which had a disappointing debut last week, seemed in catch up mode as […]
ACME Solar Holdings Limited’s Initial Public Offering will open on Wednesday, November 06. The company has set a price band at ₹275/- to ₹289/- per Equity Share, indicating final pricing in all probability at Rs 289 for each share with a face value of Rs 2 , considering the high demand for green developers. RHP […]
SECI’s 1200 MW Solar with 1200 MWh BESS tender, floated in March this year, turned up a surprise in terms of the price discovery of Rs 3.41 per unit from the winning bidder, Pace Digitek Infra Private Limited. This price discovery matches and in some cases beats the recent price discoveries from plain vanilla RE […]
In a recent order, the Central Electricity Regulatory Comission (CERC) has ruled in favour of CTUIL in a case brought by Acme Solar against the central utility. Acme Solar, in this case pertaining to a 250 MW project of the firm at Bhadla, Rajasthan, has contended that CTUIL (Central Transmission Utility of Indian Limited), was […]
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