Amid Adani Row, SECI Clarifies Its Stand On Its Role In RE Projects Updated On Tue, Nov 26th, 2024 by Saurenergy Amid ongoing controversy surrounding the renewable energy division of the Adani Group, the Solar Energy Corporation of India (SECI) has issued a statement. While not directly addressing the controversy, SECI highlighted its critical role in India’s renewable energy sector. To date, SECI has awarded approximately 70 GW of renewable energy tenders. The Renewable Energy Implementing […] Read more
Total Energies Halts Adani Investments After US Indictment Updated On Tue, Nov 26th, 2024 by Saurenergy France’s Total Energies, which has been a key partner for Adani Green besides the other group firm, Adani Total Gas, stated on Monday stating that it will pause further financial contributions until the allegations originating in the US are resolved. In its statement, Total Energies stressed that it is not targeted by the indictment nor […] Read more
Green Stock Nov 25: Mirroring Market, Most Stocks Mount Recovery Updated On Mon, Nov 25th, 2024 by Saurenergy 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 […] Read more
SaurEnergy Explains- The Solar Tender At the Centre of Adani’s US Controversy Updated On Mon, Nov 25th, 2024 by Saurenergy By now, a lot has been written about the charges brought at a US district court against key names in the Adani group, besides Azure power. While those charges will be contested no doubt by the firms as already announced, it is a good time to understand just what tender it was where allegations of […] Read more
Green Stocks Nov 22: Market Rebounds, Green Stocks Trail Updated On Fri, Nov 22nd, 2024 by Saurenergy For once, a strong day at the markets left Green Stocks behind. Of course, not all stocks were left behind, as Waaree Renewable Technologies, after a couple of weeks in relative obscurity, shone with a 5% jump. A surprising performance came from Shakti Pumps, which gave up most gains of the week to end over […] Read more
Green Stocks Nov 19: Strong Show, Some Gains Surrendered By Closing Updated On Tue, Nov 19th, 2024 by Saurenergy 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 […] Read more
Green Stocks Nov 18: For Green Stocks, It’s Go Big Or Make Big Announcements To Stay In Green Updated On Mon, Nov 18th, 2024 by Saurenergy 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 […] Read more
Green Stocks Nov 14: Most Green Stocks See Minor Respite Updated On Thu, Nov 14th, 2024 by Saurenergy A day after the green stocks received jolts and reported negative growths coinciding with the downfall of Nifty and Sensex, most of the green stocks today reported a minor revival of their stock prices. The only three companies that reported a negative growth included-Borosil Renewables, Premier Energies and Gensol Engineering. On the positive side, Indian […] Read more
Why The NTPC Green Energy IPO Could Be A Turning Point For Green Energy Related IPOs Updated On Thu, Nov 14th, 2024 by Saurenergy After a journey of over two years, the NTPC Green Energy IPO is finally here. It is interesting that despite the long anticipation and preparations behind this mega Initial Public Offering (IPO) of Rs 10,000 crores ($1.18 billion), the latest IPO still gives one a feeling of a rushed effort, thanks to the many exemptions […] Read more
