Latest news with #PGCIL
Indian Express
14-07-2025
- Politics
- Indian Express
Alleging inadequate compensation, South Gujarat farmers to organise tractor rally against power corporation
With work on a power transmission line from Kutch to Navsari underway, several farmers of South Gujarat have alleged that they have not received adequate compensation in lieu of their agricultural fields being used to install electricity towers. On Sunday, a number of these farmers from around 50 villages in Olpad taluka gathered at Anand Ashram in Bhadol village to protest against the Power Grid Corporation of India Limited (PGCIL). The farmers, gathered under the aegis of Khedut Samaj Gujarat (KSG), announced plans to take out a tractor rally this week in Surat. Jayesh Patel, the state president of KSG, a farmers' body, said, 'We have held a meeting with the farmers of Olpad taluka, and there are many such farmers in different villages in four more talukas in Surat district. We will conduct a joint meeting with them in the coming days to make the farmers aware of their right to compensation, and also invite them to participate in the tractor rally.' Jayesh said, 'A big corporate company has set up a renewable power plant at Khavda in Kutch. Through this plant, the company will generate 30,000 megawatts of power through solar and wind power. On behalf of the corporate company, the PGCIL is working to set up transmission lines and electric towers, which will pass through eight districts in Gujarat.' Jayesh said, 'We have taken complaints from the affected farmers, and they were assured a compensation amount of Rs 1.34 crore each for the electric towers installed and transmission lines passing through the agricultural fields. The farmers have been paid a far lower amount. We have determined the tower's base area to be 247 meters. A high-voltage transmission line of 765 kVDC will pass through it. We are not opposing the work, but we want the farmers to be fairly compensated.' Surat district KSG president Ramesh Patel said, 'Generally, if a power line passes through any agricultural field, the price of that field goes down. In the coming days, we will make a representation to the government to get the transmission line passed through the sea coast area so that the agricultural field does not get affected.' In the coming days, KSG is planning to organise a joint meeting with the affected farmers of Olpad, Mangrol, Palsana, Bardoli and Kamrej talukas. They will also hold a meeting with the affected farmers from Navsari and Bharuch. KSG members have appealed to the affected farmers to prepare to join the protest rally. KSG's Surat district president Parimal Patel was also present at the meeting, among others. Officials of PGCI could not be contacted for comment.
Time of India
11-07-2025
- Business
- Time of India
Jefferies unleashes value hunt: 11 buy stocks including 3 Adani bets as India market hits stretched valuations
With MSCI India ex-financials trading at a steep 26.4x forward PE, 1.9 standard deviations above the 10-year average, global brokerage Jefferies has released an aggressive list of 11 value buy stocks , including three from the Adani group. The dramatic shift comes as Indian markets trade at an 82% premium to emerging markets versus a 10-year average of just 63%, with nearly 39% of non-financial stocks trading above one standard deviation of their 10-year average PE multiples. "With market likely to move sideways, bottom-up stock picking will be crucial," Jefferies warned, as it unveiled its curated list featuring Adani Energy Solutions , Adani Ports , and AWL Agri Business alongside Birla Corp, Belrise Industries, Bharti Airtel , Finlex Cables, IndiGo, M&M, NTPC , and Sagility. The most striking addition is Adani Energy Solutions, which Jefferies argues offers compelling value despite the group's recent travails. "AESL has Rs616 bn transmission projects on hand, up 3.6x YoY," the brokerage noted, highlighting the stock's 79% discount to its January 2023 peak forward EV/EBITDA. "AESL is growing 3x+ faster than Power Grid (PGCIL) with 34% EBITDA CAGR in FY25-27E vs 9% for PGCIL," Jefferies emphasized, setting a bold price target of Rs1,150 based on 15x EV/EBITDA FY27E, a significant premium to the implied 10x target for state-owned PGCIL. Also Read | 3 Nifty50 stocks in 100x PE club: Are sky-high valuations the new reality? On Adani Ports, the brokerage expects robust growth momentum with "16% FY25-28E EBITDA CAGR led by 14% FY25-28E CAGR in volumes with commissioning/stabilization of operations at new ports." The stock trades at 16.6x FY26E EV/EBITDA, "broadly similar to 16.1x average since 2009 and 38% discount to JSW Infra." The brokerage made strategic portfolio shifts, adding fast-growing IT midcap Sagility "by trimming weight on Infosys, keeping IT still at an underweight position." In the auto sector, Jefferies replaced Eicher with Belrise Industries, "an auto-comp midcap which was recently initiated and provides a strong growth outlook." Jefferies has removed Nuvama from the list following the Jane Street debacle. The value hunt strategy restricts picks to stocks with EV/EBITDA multiples below 18x while incorporating fundamental strength and historical valuation ranges. "This is not a purely valuation screen," Jefferies clarified, emphasizing its selective approach in identifying "a mix of absolute value picks and relative value bets."
Business Standard
03-07-2025
- Business
- Business Standard
Bajel Projects wins new order from Power Grid
Bajel Projects has secured a new order from PowerGrid Corporation of India (PGCIL). The new order falls within the Mega band*(Rs. 300 crore and above.) This "Mega order" highlights Bajel Projects' robust capabilities and continued contribution to strengthening India's national power grid. The order pertains to the Transmission Line Package TL04 for the Siwani-Jind (PG) 400kV D/C (Quad) Transmission Line, which is associated with the Transmission System of REZ Ph -IV (Part 3: 6GW) (Bikaner Complex): Part B. The project was awarded to POWERGRID under the Tariff Based Competitive Bidding (TBCB) route. The scope of work for Bajel Projects includes the construction of a new 400kV Transmission Line spanning approximately 99 kilometers. The project is slated for completion within an 18-month timeframe. The order has been placed by PGCIL on behalf of their Special Purpose Vehicle (SPV), M/s POWERGRID Siwani Transmission (erstwhile Bikaner B Power Transmission) (PSTL). Commenting on this significant achievement, Mr. Rajesh Ganesh, MD and CEO of Bajel Projects Limited, stated, We are proud to contribute to the nation's green energy initiatives by strengthening the transmission system for the REZ Ph-IV, Bikaner Complex. This project reflects our commitment to delivering high-quality, timely, and efficient solutions that power India's growth."
Business Standard
03-07-2025
- Business
- Business Standard
Godawari Power & Ispat receives PGCIL approval for its steel billets
Godawari Power & Ispat announced that the steel billets (HT billets conforming to IS 14650) manufactured by the company have been approved by Power Grid Corporation of India (PGCIL) vide its letter dated 02 July 2025. As a result of this approval, the company has become eligible to supply entire range of HT steel billets to all manufacturers of galvanised steel structures for the transmission projects of PGCIL.
Business Upturn
03-07-2025
- Business
- Business Upturn
Bajel Projects bags up to Rs 400 crore order for 400kV transmission line project from Power Grid
Bajel Projects Limited, a leading name in India's power transmission and infrastructure sector, has bagged a Mega Order from the Power Grid Corporation of India Limited (PGCIL). As per the company's classification, Mega Orders are valued between ₹300 crore and ₹400 crore, highlighting the scale and importance of this latest contract win. The awarded contract involves the Transmission Line Package TL04 for the Siwani–Jind (PG) 400kV D/C (Quad) Transmission Line , forming a part of the REZ Phase IV (Part 3: 6GW), Bikaner Complex: Part B transmission system. The project was secured through the Tariff Based Competitive Bidding (TBCB) route and is being executed by PGCIL on behalf of its special purpose vehicle (SPV), POWERGRID Siwani Transmission Limited (formerly Bikaner B Power Transmission Limited). Under this contract, Bajel Projects will undertake the construction of a 400kV transmission line spanning approximately 99 kilometers. The work is scheduled for completion within an 18-month timeframe. Commenting on this milestone, Mr. Rajesh Ganesh , Managing Director and CEO of Bajel Projects Limited, said: 'We are proud to be part of India's green energy journey through this critical transmission project in the Bikaner complex. It underscores our continued commitment to delivering reliable, high-quality, and timely infrastructure that supports the country's growing energy needs.' This win further reinforces Bajel Projects' position as a trusted partner in large-scale transmission infrastructure projects. It also plays a pivotal role in accelerating India's energy transition and modernizing the national grid. 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
