In Weak Market, Solar EPC Stocks Stand Out Updated On Mon, May 6th, 2024 by Saurenergy On a day when the markets remained broadly weak, solar EPCs in our green pack continued to stand pout, with all four of them licked at their upper circuit filters of 5% each. While some like SWREL are riding high hopes, others such as KPI Green and Shakti Pumps are benefitting from outstanding results and […] Read more
Sushil Sharma Assumes Additional Charge As CMD In SJVN Updated On Sat, May 4th, 2024 by Saurenergy Sushil Sharma has assumed additional charge of Chief Managing Director (CMD) and Dir. (Personnel) of SJVN Ltd. Presently, Sharma is serving as Dir. (Projects) in SJVN and was recommended for the post of CMD, SJVN after a rigorous selection process by the Public Enterprises Selection Board (PESB) on April 8, 2024. He played a pivotal […] Read more
Green Stocks Buck Market, 3 Locked On Upper Limit Updated On Fri, May 3rd, 2024 by Saurenergy Our renewable pack continues to handily beat the market, if not defy gravity. On a day when the market corrected almost 0.8%, three of the 11 stocks in our basket stayed locked into the upper circuit filter. That one of them made losses in its last quarter (SWREL), and the other two are EPCs in […] Read more
Adani Green Reports 6% Dip In Revenues In Q4, 21% Growth In FY24 Updated On Fri, May 3rd, 2024 by Saurenergy Adani Green Energy Limited (AGEL) today published its quarterly (Q4) and annual financial results for FY24. In its filing before the Bombay Stock Exchange (BSE), AGEL cited a reduction of 39% in profit (including share of profits from associates and JVs) in the latest quarter compared to its Q4 of FY23. In its unaudited consolidated […] Read more
Adani Green Secures USD 400 Mn For 750 MW Power Projects Updated On Fri, May 3rd, 2024 by Saurenergy Adani Green Energy Ltd (AGEL) has announced USD 400 million in financing for its under-construction projects. Through this financing, the company extends support to its under-construction 750 MW solar projects in Rajasthan and Gujarat by a consortium of five leading international banks. The consortium of lenders is financing Adani’s projects that are expected to come online from […] Read more
Gujarat Construction Firm Acquires 65-Acre Land For Hybrid Power Project Updated On Fri, May 3rd, 2024 by Saurenergy Residential construction company Gujarat Toolroom Limited has announced the acquisition of 65 acres of land on a long-term lease in Gujarat for the establishment of a Hybrid Power Plant. In a regulatory filing, Gujarat Toolroom stated that it has procured a parcel of land spanning 65 acres in Gujarat, earmarked for the construction of a […] Read more
AGEL Arm Wins Compensation Claim From CERC For Rajasthan Wind Solar Hybrid Project Updated On Fri, May 3rd, 2024 by Saurenergy In a petition brought forward as the developer of a 450 MW ISTS connected Wind-Solar Hybrid power project, entered between Adani Solar Energy Jaisalmer One Private Limited (formerly known as SBE Renewables Ten Projects Private Limited) and Solar Energy Corporation of India Limited seeking Change in Law compensation along with Carrying Cost, the CERC had […] Read more
Microsoft Inks Largest Ever Corporate Deal For 10.5 GW With Brookfield Updated On Fri, May 3rd, 2024 by Saurenergy Brookfield Renewable and Microsoft have entered into an energy framework agreement for 10.5GW of renewable capacity. The deal is meant to power upcoming data centres owned by Microsoft, as it doubles down to build stronger AI capabilities that will need much more energy at data centres to deliver. It is estimated that Microsoft would be […] Read more
Power Market Update- REC Market Records All-Time Low Price In April Updated On Thu, May 2nd, 2024 by Saurenergy Indian Energy Exchange (IEX), India’s premier electricity exchange achieved 9,044 MU overall volume, in April’24, marking a 14.1% year-over-year increase. The renewable energy certificates (REC) at 618 MU, increased 211% YoY. At Rs. 204 per certificate, the REC market recorded an all-time low price in the trading session held on 24th April 2024. The REC […] Read more
