Sterling and Wilson has sought more time to repay loans worth Rs 2.341 crore. Mumbai: The promoters of Sterling and Wilson Solar (SWSL), Shapoorji Pallonji Group and Khurshed Yazdi Daruvala, failed to honour their commitments made during the initial public offering (IPO) in August and sought more time from the company’s board to repay loans […]
IREDA, Shyam Steel get SEBI’s go ahead to launch IPO
State-owned IREDA and Kolkata-based firm Shyam Steel Industries have received markets regulator Sebi’s approval to float initial public offerings (IPO). Shyam Steel has got observations of the markets watchdog on September 20. It had approached Sebi with its IPO papers in June. State-owned Indian Renewable Energy Development Agency (IREDA) and Kolkata-based firm Shyam Steel Industries […]
We already have 65 EV charging stations and we are expanding: Praveer Sinha, Tata Power
We are still very focussed on deleveraging our balance sheet and divestments are in progress, says Praveer Sinha, CEO & MD, Tata Power. Excerpts from an interview with ETNOW. It has been a tough environment for power companies, especially with the worry over coal availability and discom stress. How are things moving? How would you […]
Sterling & Wilson Solar IPO subscribed 9% on first day of bidding
Sterling and Wilson Solar on Monday raised Rs 1,406 crore from 27 anchor investors. The initial public offer of Sterling & Wilson Solar Ltd was subscribed 9 percent on the first day of bidding on Tuesday. The IPO through which the company plans to raise about Rs 3,125 crore received bids for 21,06,264 shares against […]
Sunrun Has Found a Way to Crack Energy Storage Markets
Energy storage has always been a natural complement to solar energy systems, but the two never seem to find a successful way to work together in practice. Tesla’s (NASDAQ:TSLA) Powerwall was supposed to be a natural product to go with Tesla solar systems, but adoption has been weak because it’s still essentially an expensive toy. […]
Buy Tata Power Company, target Rs 72: Kunal Bothra
Buy Tata Power Company Ltd. at a price target of Rs 72.0 and a stoploss at Rs 67 from entry point. Independent analyst Kunal Bothra has a buy call on Tata Power Company Ltd.NSE 1.40 % with a target price of Rs 72. The current market price of Tata Power Company Ltd. is Rs 68.6. […]
Power sector outlook: These shares are the best bet for stock market investors
Emkay Global research report on power sector picks CESC, Gujarat Industries Power, NTPC and Power Grid Corporation as their top picks for short-term. The power sector should continue to witness new reforms under the second term of the Modi 2.0 Government to revive stranded assets and ease distribution companies stress. However, the successful execution of […]
Auto stocks decline post NITI Aayog’s directive on electric vehicle
So far in 2019, the Nifty auto index has slipped 14 per cent as against a 7 per cent rise in the Nifty50 index. Shares of two and three wheeler auto-makers like TVS Motors and Bajaj Auto came under heavy selling pressure during the morning deals on Monday after the government think-tank NITI Aayog gave […]
Wärtsilä doubles renewable energy penetration by adding storage in holiday paradise
The Finnish company has commissioned a large scale storage project to reduce curtailment of wind and solar assets on Bonaire. The system will use machine-learning based energy management software to provide grid services and manage all of the island’s power generators. The energy transition is not only about adding new renewables generation capacity but must […]
Jain Irrigations tanks 22% on rating downgrade, hits 14-year low
The rating agency said the downgrade reflects deterioration in the liquidity profile of JISL on account of a delay in the realisation of its receivables from its micro-irrigation systems (MIS) segment Shares of Jain Irrigation Systems (JISL) tanked 22 per cent to Rs 21.25 on the National Stock Exchange (NSE) on Wednesday after rating agency […]