PUMPED HYDRO STORAGE
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%
Oil prices matter to the Indian economy, and the market responded with a smart rally as Brent crude cooled significantly on Monday. The rally was broad-based and involved all segments. But too much should not be read into one day’s showing. The thing to watch remains the results of the US mid-term elections which will be known in India through Wednesday. It will decide which way the market will move in the coming days and weeks.
India's 500 GW RE target hinges on LDES scale-up; FY28 viability gap funding key enabler: IESA report
With a target of 500 GW of renewable energy capacity by 2030, India recognizes the urgent need for long-duration energy storage solutions. The India Energy Storage Alliance stresses the pivotal role of viability gap funding to promote quicker adoption of these technologies. Current data reveals substantial solar energy curtailment caused by grid restrictions, highlighting the necessity for strategic policy support and innovative business paradigms.
Karjat project sparks Maharashtra political faceoff as thousands of trees are cut for 3,000 MW plant
A significant controversy emerged in Maharashtra due to tree cutting for Torrent Power's energy project. Locals and activists oppose the project due to environmental concerns and tree felling. Shiv Sena leader Aaditya Thackeray questioned the project's need while citing its ties to Gujarat. The Maharashtra government claims the project is essential for energy needs and has followed regulations.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
At this juncture, what companies say about their Q2 results, and their outlook for Q3 and Q4, matters a great deal – but only to a certain extent. A company can plan only for what is in its control. No management can predict what the US President will decide, or which way the trouble in the Gulf will turn next.
5 stocks with consistent score improvement and upside potential of up to 30% in 1 year, according to analysts
When the profit a company is expected to earn gets marked down, the price the market will pay for its stock has to come down too. That has not quite happened, which is why valuations are still high in many parts of the market. So, don’t assume all the damage is already done just because the market has had a few bad days.
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Torrent Power says 3,000-MW Karjat pumped storage project outside Bhimashankar Sanctuary
The company in a statement said the project, which will supply power to Maharashtra, would support grid stability as the share of solar and other renewable energy rises, while reducing reliance on coal-fired generation during evening peak hours. It also rejected reports of tree felling inside the sanctuary, describing them as based on incorrect information.
5 stocks with consistent score improvement and upside potential of up to 29% in 1 year, according to analysts
Do not paint the whole market with one brush. Even in an extended fall like the current one, some parts of the economy still manage to hold up. And the surprise tends to come from the corner nobody was watching.
Every bad cycle ends the same way; problems find their own solutions: 5 large-cap stocks with upside potential of up to 27%
What should you focus on when headwinds blow? Not the share price, and not the morning's news. It should be the business and the quality of the people running it. A strong business, run by a management that has proven it knows what it is doing, does not stop because the oil price went up or because a war has dragged on longer than anyone expected.
High-voltage reality: ‘Data hubs need stable grids more than sops’
As states roll out the red carpet to attract private investments in artificial intelligence (AI) and cloud infrastructure, delivering uninterrupted power to project sites from day one would be crucial for their success, they said.
Long-term investing is about looking beyond narratives, including AI: 5 large-caps with an upside potential of up to 24%
As we see a recovery in the market, it is good to be cognizant of the fact that more than the narratives on the street, it is the earnings of companies that are extremely important. And earnings are dependent on many factors, including the cyclicality factor.
Adani Group committed to investment plans of over ₹6 lakh crore in Maharashtra across energy, airports and infra
Adani Group has announced plans to invest over ₹6 lakh crore in Maharashtra across multiple sectors. The investments are aimed at aiding Maharashtra's goal of becoming a $1 trillion economy by 2030. The group has committed to significant infrastructure projects, including the management of Mumbai's airports and renewable power sourcing. Additionally, the Dharavi Redevelopment Project will transform the area with modern housing and economic opportunities.
India needs integrated energy storage policy to build resilience against geopolitical shocks: S&P Global
Gauri Jauhar emphasizes the importance of energy resilience for India's future energy security and storage policies. An integrated framework for storage across various energy sources is essential for long-term stability. India's refining sector plays a crucial role in managing crude import dependence and generating foreign exchange earnings. The transition to clean energy and green hydrogen will occur gradually while India remains an attractive destination for energy investments.
Adani Group has Rs 2.6 lakh crore projects completed or under execution in Maharashtra: Pranav Adani
Adani Group has projects worth Rs 2.6 lakh crore completed or underway in Maharashtra, with its overall investment blueprint exceeding Rs 6 lakh crore. Investments span energy, aviation, data centres, urban redevelopment and transmission, alongside major Mumbai infrastructure projects.
India, EDF discuss deployment of French EPR nuclear technology, pumped hydro projects
Power Secretary Pankaj Agarwal met EDF Chairman and CEO Bernard Fontana to discuss deploying the French utility’s EPR nuclear reactor technology in India, the power ministry said. The talks also covered the evolving regulatory framework for the nuclear sector and cooperation on pumped hydro storage projects, with senior officials present.
Centre rap pushes BHEL to diversify beyond thermal
Bharat Heavy Electricals Limited is pursuing coal gasification and coal-to-chemicals opportunities. The company expects progress in hydro power and pumped-storage projects this fiscal year. This strategic shift follows a recent assessment regarding its Maharatna company status. BHEL holds a substantial executable order book, with thermal business as its main anchor. The firm aims to build growth in non-thermal sectors as the power industry evolves.
Share of electricity in India's overall energy mix to reach 45-50 pc by 2047: Official
India aims to increase electricity's share in its energy mix to fifty percent by 2047. The nation is targeting significant additions of new power generation capacity this year. By 2035, India plans to double its renewable energy targets and achieve substantial pumped hydro storage. Extensive transmission projects are underway to evacuate clean energy and integrate new demands.
NTPC plans to treble capacity to 244GW by 2037, invest ₹16.86 lakh crore
NTPC plans to nearly triple its power generation capacity by 2037. The company will invest significantly in renewable and nuclear power expansion. This investment will also cover battery and pumped storage systems. NTPC aims to contribute substantially to the nation's nuclear energy target.
NHPC to begin investment in 750-MW pumped hydro storage project in Gujarat
NHPC will begin investment in the 750-MW Kuppa Pumped Storage Project in Gujarat during FY26, instead of FY25, with project work resuming soon. An agreement signed in March 2024 with GPCL involves an estimated investment of Rs 4,000 crore in the project.
Adani Green Energy arm bags 1250 MW pumped hydro storage capacity from UPPCL
Adani Saur Urja has secured an order from Uttar Pradesh Power Corporation for 1,250 MW energy storage capacity through e-Reverse Auction. The project, to be completed within six years, will be located in Sonbhadra district. This initiative aligns with India's clean energy goals and includes a commitment of 40 years.
NHPC's FY26 capex to be lower at ₹8,000 crore
NHPC Ltd plans a capital expenditure of over ₹8,000 crore in FY26, focusing on adding 1,620 MW hydro and 1,490 MW solar projects. The company's current projects total around 9,314 MW under construction, with plans also in place for 20 GW of pumped hydro storage project developments.
JSW Energy PSP Two signs agreement with Maharashtra for pumped hydro energy storage
JSW Energy PSP Two Limited signed an agreement with Maharashtra State Electricity Distribution Company Ltd. for 1,500 MW of pumped hydro energy storage. The project will be located in Maharashtra's Nashik and Thane districts and will be complete in 48 months. This move aims to enhance grid stability and provide sustainable power, creating employment locally.
Torrent Power shares zoom 9% on securing 2,000 MW energy storage contracts from MSEDCL
Shares of Torrent Power surged 9% to a 52-week high after signing two letters of award with Maharashtra State Electricity Distribution Company Limited for the long-term supply of 2,000 MW energy storage capacity. The agreements include 1,500 MW energy supply capacity and 500 MW additional storage capacity, with plans for 40-year procurement from a pumped hydro storage plant in Maharashtra.
Torrent Power to supply of 2,000 MW Energy Storage Capacity to MSEDCL
Torrent Power has been awarded a 40-year contract by MSEDCL to supply 2,000 MW energy storage from a pumped hydro storage plant in Maharashtra. This includes an additional 500 MW on top of a previous award. The company is investing in various renewable energy projects, including pumped storage, green hydrogen, and green ammonia production.
Torrent Power receives LoI for 1,500 MW from MSEDCL for pump hydro storage
Torrent Power Limited has received a Letter of Intent from Maharashtra State Electricity Distribution Co. Limited for a 1,500 MW/12,000 MWh pumped hydro storage project in Raigad District. The project will provide energy storage capacity for 40 years, with the detailed award pending approval from the Maharashtra Electricity Regulatory Commission.
Expect sharp fall in cost of renewable power with storage: Tata Power CEO Praveer Sinha
Tata Power CEO Praveer Sinha anticipates significant reductions in energy storage and green power costs. The company is investing ₹13,000 crore for 2,800 MW pumped hydro storage in Maharashtra, utilizing the Western Ghats. Tata Power also runs Khopoli, Bhivpuri, and Bhira hydro projects, including a 150-MW initiative, with a focus on RE-RTC and FDRE advancements.
Tata Power to set up 2,800 MW pumped storage projects
Tata Power Company Ltd's chief executive Praveer Sinha told ET that the company will tie up with its subsidiary Tata Power Renewable Energy Ltd, which in turn will bundle it with other energy sources and provide round-the-clock power to utilities and the commercial and industrial sector.
NHPC plans to build pumped hydro storage projects of 22,000 MW
The capacities are being explored in Odisha, Maharashtra, Madhya Pradesh and Andhra Pradesh, director finance Rajendra Prasad Goyal told ET.
Tata Power & Govt of Maharashtra sign MoU for two pumped hydro storage of 2800 MW
Tata Power and the Government of Maharashtra have signed an MoU to build two large Pumped Hydro Storage Projects with a capacity of 2800 MW. This initiative is expected to generate employment for over 6,000 people. Projects will be situated at Shirawta, Pune (1800 MW) and Bhivpuri, Raigad (1000 MW) districts.
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