Latest news with #Inter-StateTransmissionSystem
Time of India
3 hours ago
- Business
- Time of India
NLC India secures 450 MW wind-solar hybrid project from NTPC
NLC India Ltd (NLCIL) announced that it has received a Letter of Award (LoA) from NTPC Ltd for the establishment of a 450 MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project. Under the terms of the LoA, NLC India will be responsible for setting up the 450 MW ISTS-connected wind-solar hybrid power project and supplying the generated power to NTPC Ltd for a period of 25 years under a Power Purchase Agreement (PPA). The project will be strategically developed in two key locations: 300 MW will be established in Bikaner, Rajasthan, and the remaining 150 MW in Bhuj, Gujarat. According to the company's statement, the scheduled commencement of power supply from the full project is slated to occur within 24 months from the effective date of the PPA. This collaboration between NLC India and NTPC Ltd marks a crucial step towards expanding renewable energy capacity in India, leveraging both wind and solar resources to provide a consistent and reliable power supply.
Time of India
4 hours ago
- Business
- Time of India
NLC India secures Letter of Award from NTPC Ltd for hybrid power project
Synopsis NLC India Ltd. has secured a Letter of Award from NTPC Ltd. to establish a 450 MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project in Rajasthan. The project, split between Bikaner (300 MW) and Bhuj (150 MW), will supply hybrid power to NTPC for 25 years under a Power Purchase Agreement, with supply commencing within 24 months.
Business Upturn
a day ago
- Business
- Business Upturn
NLC India wins 450 MW wind-solar hybrid power project order from NTPC
By Aman Shukla Published on June 28, 2025, 10:07 IST NLC India Limited has been awarded a significant renewable energy project by NTPC Limited. As per the Letter of Award issued on June 27, 2025, NLC India will be responsible for setting up a 450 MW Inter-State Transmission System (ISTS) connected wind-solar hybrid power project. The power generated from this project will be supplied to NTPC for a period of 25 years under a long-term Power Purchase Agreement (PPA). The hybrid project will be developed across two locations—300 MW in Bikaner, Rajasthan and 150 MW in Bhuj, Gujarat. The supply of power from the full project capacity is scheduled to commence within 24 months from the effective date of the PPA. This order marks another step forward in India's transition towards cleaner energy sources. The project will operate entirely within India and falls under domestic contracts for power generation and supply. There is no involvement of related party transactions, and no promoter group interest in the awarding entity. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
News18
3 days ago
- Business
- News18
Stocks To Watch: SBI, JSW Steel, Tata Steel, Voda Idea, Reliance Infra, Nestle, And Others
Last Updated: Stocks to watch: Shares of firms like SBI, JSW Steel, Tata Steel, Voda Idea, Reliance Infra, Nestle, and others will be in focus on Thursday's trade Stocks to Watch on June 26: Indian equity markets extended their gains on Tuesday, maintaining a positive momentum for the second straight session. Buoyed by supportive global cues, the benchmarks ended nearly a percent higher. As markets open today, shares of several companies, including State Bank of India, JSW Steel, Rashtriya Chemicals, Tata Steel, and others, are likely to be in focus due to important corporate developments. SBI is in the final stages of appointing multiple merchant banks to manage its proposed qualified institutional placement (QIP) of up to Rs 25,000 crore. This marks the state-run lender's first equity fundraising via QIP in eight years. JSW Steel JSW Steel, led by Sajjan Jindal, has approached the Supreme Court seeking a review of its May 2 verdict, which annulled the company's acquisition of Bhushan Power and Steel (BPSL). The deal had been pending resolution for over four years. Rashtriya Chemicals and Fertilizers The state-owned firm said it faces a financial impact of approximately Rs 204.14 crore after the Department of Fertilizers (DoF) refused to approve the cost of EPMC and spot gas used at its Trombay urea plant during FY22 and FY23. MSCI ESG Ratings and Research Pvt Ltd has upgraded Kotak Mahindra Bank's ESG rating from A to AA, reflecting improved environmental, social, and governance performance. JSW Energy Through its step-down subsidiary Energizent Power Pvt Ltd, JSW Energy has entered into a Power Purchase Agreement with NHPC Ltd for a 300 MW solar-wind hybrid project connected to the Inter-State Transmission System (ISTS). Nestle India FMCG giant Nestle India will consider a bonus share issue during its upcoming board meeting scheduled for Thursday, June 26. Adani Enterprises The company has approved a public issue of non-convertible debentures (NCDs), initially worth Rs 500 crore, with a green shoe option to raise an additional Rs 500 crore, making the total potential issue size Rs 1,000 crore. Jio Financial Services Jio Financial has informed the exchanges that it has subscribed to and been allotted 19 crore equity shares in Jio Payments Bank, amounting to an investment of Rs 190 crore. Reliance Infrastructure Its subsidiary, Reliance Defence, has bagged an export order worth Rs 600 crore from Germany's Rheinmetall Waffe Munition GmbH, a leading defence and ammunition firm. Central Depository Services (India) Ltd – CDSL CDSL has signed a Memorandum of Understanding (MoU) with IIM Mumbai to leverage data analytics and research for innovation in the capital markets space. Vodafone Idea According to Bloomberg, the struggling telecom operator is in talks to raise up to Rs 250 billion (approximately $2.9 billion) to upgrade its network infrastructure and stem the outflow of subscribers to rival operators. KNR Construction The infrastructure firm has secured a Rs 4,801 crore contract for developing and operating the Banhardih Coal Mining Block in Jharkhand. The project was awarded by Patratu Vidyut Utpadan Nigam Ltd, a joint venture between NTPC and JBVNL. Location : New Delhi, India, India First Published: June 26, 2025, 07:59 IST News business » markets Stocks To Watch: SBI, JSW Steel, Tata Steel, Voda Idea, Reliance Infra, Nestle, And Others
Mint
3 days ago
- Business
- Mint
Stocks to watch: SBI, Nestle India, Adani Enterprises, Vodafone Idea among shares in focus today amid Israel-Iran war
State Bank of India (SBI) is in the final stages of selecting several merchant banks to help it raise up to ₹ 25,000 crore through a qualified institutional placement (QIP) — marking its first equity offering in eight years. MSCI ESG Ratings and Research Private Ltd has raised the bank's ESG rating from A to AA. JSW Energy Ltd, through its step-down subsidiary Energizent Power Private Ltd, has entered into a Power Purchase Agreement with NHPC Ltd for a 300 MW solar-wind hybrid project connected to the Inter-State Transmission System (ISTS). Nestle India Ltd., the multinational FMCG major, is set to consider a bonus share issue during its board meeting scheduled for Thursday, June 26. The company has given the go-ahead for a public issuance of non-convertible debentures (NCDs) with an initial amount of ₹ 500 crore, which can be increased by another ₹ 500 crore through a green shoe option, bringing the total potential issue size to ₹ 1,000 crore. The company has notified the exchanges that it has subscribed to and received an allotment of 19 crore equity shares in Jio Payments Bank, amounting to ₹ 190 crore. Reliance Defence, a subsidiary of the company, has secured an export order worth ₹ 600 crore from the German arms and ammunition firm Rheinmetall Waffe Munition GmbH. CDSL has entered into a Memorandum of Understanding (MoU) with IIM Mumbai to leverage advanced data analytics and research capabilities. According to Bloomberg, the telecom operator is negotiating to secure loans amounting to ₹ 250 billion ($2.9 billion) in order to enhance its network infrastructure and address the loss of subscribers to competing companies. The company has bagged a contract worth ₹ 4,801 crore for the development and operation of the Banhardih Coal Mining Block located in Jharkhand. The contract was awarded by Patratu Vidyut Utpadan Nigam Ltd, a joint venture between NTPC and JBVNL. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
