Latest news with #PowerGridCorporation
&w=3840&q=100)
Business Standard
7 days ago
- Business
- Business Standard
Bajel Projects shares rise 5% on 'mega' order from Power Grid Corp
Shares of Bajel Projects rose 5 per cent on Thursday after it secured an order from Power Grid Corporation worth ₹300 crore to ₹400 crore for a 400kV transmission line. The heavy electrical equipment maker's stock rose as much as 5 per cent to hit an upper circuit of ₹242.7 per share, the highest level since January 1 this year. This compares to a 0.35 per cent advance in Nifty 50 as of 12:55 PM. Shares of the company snapped a three-day losing streak on Thursday, and the stock currently trades 0.6 times the 30-day average trading volume, according to Bloomberg data. The counter has fallen 11 per cent this year, compared to a 7.6 per cent advance in the benchmark Nifty 50. Bajel Projects has a total market capitalisation of ₹2,838.62 crore, according to BSE data. Track LIVE Stock Market Updates Here Bajel Projects bags order from Power Grid The company secured a 'mega' order from PowerGrid Corp, valued between ₹300-₹400 crore, according to an exchange filing on Thursday. The order falls under the Transmission Line Package TL04 for the Siwani–Jind (PG) 400kV double circuit (quad) transmission line, part of the REZ Phase IV (6GW) Bikaner Complex. The contract involves the construction of a 99-kilometre transmission line and was awarded through the tariff-based competitive bidding route. The project is expected to be completed within 18 months and is placed by PGCIL on behalf of its special purpose vehicle, Power Grid Siwani Transmission Ltd. 'We are proud to contribute to the nation's green energy initiatives by strengthening the transmission system for the REZ Ph-IV, Bikaner complex," said Rajesh Ganesh, managing director and chief executive officer, Bajel Projects. "This project reflects our commitment to delivering high-quality, timely, and efficient solutions that power India's growth." Last week, the company said it had secured a 'Large' order for a substation project in India. The project involves the development of a 400kV GIS and a 765kV AIS extension substation. About Bajel Projects Bajel Projects (Bajel) is among the prominent players in the power infrastructure space, with a strong foothold in both the Power Transmission and Power Distribution sectors. Formerly operating as part of Bajaj Electricals Limited under its EPC division, the company is widely recognised for its robust project management capabilities and operational excellence, earning it the trust of numerous state and national utilities, international clients, and private infrastructure developers.
Time of India
26-05-2025
- Health
- Time of India
Vizianagaram attracts Rs 20 crore in CSR funding for various works
Visakhapatnam: Vizianagaram district administration has attracted about Rs 20 crore in CSR (corporate social responsibility) funding from various private and govt organisations in the past few days due to its proactive measures. Tired of too many ads? go ad free now Collector Dr BR Ambedkar said that the Axis Bank will provide Rs 15 crore for the development of 40 water tanks in the district. The selected 40 tanks in the Nellimarla, Garividi, Gurla, and Merakamudidam mandals within the Champavathi river basin will be dredged, their embankments strengthened, plantations carried out, and check dams constructed. Similarly, the nuclear power corporation of India has sanctioned Rs 1 crore for medical equipment at the medical college. The company has also approved Rs 54.5 lakh for additional classrooms in govt schools in Nadipalli and Chintapalli villages of Pusapatirega mandal. Bharat Dynamics Limited has sanctioned Rs 1 crore for classroom projects in 37 govt schools, Rs 14.5 lakh for basic amenities in social welfare hostels, and Rs 7.16 lakh for medical equipment at Gajapathinagaram area hospital. Power Grid Corporation has donated a generator to the blood bank run by the Indian Red Cross Society. The district collector stated that these funds will contribute significantly to the development of education, healthcare, and social welfare sectors in the district.
&w=3840&q=100)
Business Standard
14-05-2025
- Business
- Business Standard
REC, NTPC, Powergrid: Are power stocks losing steam? Here's what charts say
Shares of state-run power companies namely - NTPC, Power Grid Corporation and Rural Electrification Corporation (REC) - are seen trading below the key short-term moving averages, with weak signals from key momentum oscillators. As such, these stocks could witness selling pressure in the near-term, suggests technical charts. Here's a detailed analysis on each of these power stocks, with key support and resistance levels to track. REC Current Price: ₹390 Downside Risk: 23.1% Support: ₹390; ₹349 Resistance: ₹417; ₹439 REC stock has witnessed negative crossovers on the key momentum oscillators - both on the daily and weekly charts. The stock at present is seen seeking support around the lower-end of the Bollinger Bands on the daily scale at ₹390 levels. On the weekly scale, the stock is seen testing the 100-Week Moving Average (100-WMA), which stands at ₹397. Break and sustained trade below the same can drag the stock towards ₹349 levels; below which a steeper fall towards ₹300-mark cannot be ruled out. The short-term bias for the stock is expected to remain negative as long as the stock trades below ₹439, with near resistance seen around ₹417 levels. CLICK HERE FOR THE CHART NTPC Current Price: ₹341 Downside Risk: 16.7% Support: ₹334; ₹325 Resistance: ₹353; ₹362; ₹368 NTPC stock is seen trading below its 20- and 50-DMAs, which stand at ₹352.70 and ₹345.60 levels, respectively. The overall bias for the stock is expected to remain negative as long as the stock trades below ₹362 - ₹368 resistance zone. On the downside, the stock has near support at ₹334 and ₹325 levels; below which a dip towards ₹298 levels seems likely, suggests the weekly chart. CLICK HERE FOR THE CHART Powergrid Corporation Current Price: ₹296 Downside Risk: 11.2% Support: ₹290; ₹287; ₹284; ₹270 Resistance: ₹308 Power Grid Corporation stock is seen trading below its 200-Day Moving Average for the third straight trading session. The stock now seems on course to test the short-term trend line support, which also coincides with the 50- and the 100-DMA around ₹290 levels. In case, the stock breaks and trades consistently below ₹290, it could extend the fall towards ₹263 levels. Interim support can be anticipated around ₹287, ₹284 and ₹270 levels. The near-term bias is expected to remain tepid as long as the stock trades below the 200-DMA, which stands at ₹308. CLICK HERE FOR THE CHART
