Read more about IEX in demand after good biz update for May on Business Standard. Indian Energy Exchange (IEX) jumped 3.01% to Rs 365.60 after the exchange said it traded 6,540 MU of electricity volume in May 2021 achieving 9% year on year growth amidst continuation of the COVID-19 lockdowns as well the cyclonic disturbances.
Tata Power rose 2.08% to Rs 110.30 after the company said it received EPC orders worth Rs 686 crore from NTPC to set up Solar PV projects.Tata Power Solar, India s largest integrated solar company and a wholly-owned subsidiary of Tata Power, has received Letter of Award (LoA) to build 210 MWp of Solar PV projects for NTPC. The total order value of the projects is approximately Rs 686 crore. The commissioning date for NTPC is set for November 2022.
With this addition, the order pipeline of Tata Power Solar stands at approximately 2.8 GW with an approximate value of Rs 13,000 crore, thereby cementing its position as India s leading Solar EPC player. The scope of work includes land, transmission, engineering, procurement, installation and commissioning of the solar projects. The NTPC project site is located in Gujarat.
Read more about Adani Green commissions 150 MW wind power project in Kutchh on Business Standard. The project has a 25 years Power Purchase Agreement (PPA) with Solar Energy Corporation of India (SECI) at Rs. 2.82/kwh.
Atomic power generation company Nuclear Power Corporation of India Ltd (NPCIL) plans to spend about Rs 18,000 crore as capital expenditure this fiscal, said top company official. He also said the first pour of concrete for the construction of two more 1,000 MW units (Units 5 and 6) at Kudankulam is expected to happen this year and the 700 MW unit at Kakrapar Atomic Power Station (KAPS) will begin commercial generation in September 2021. This fiscal we will be spending about Rs 18,000 crore as capital expenditure on our ongoing projects. The funding will be through a mix of internal accruals, central government budgetary support and long term borrowings. The first two will be about 30 per cent and the borrowings will be about 70 per cent of the project cost, S.K. Sharma, Chairman & Managing Director told IANS.
On a consolidated basis, Indian Energy Exchange (IEX) reported 35.1% jump in net profit to Rs 61.5 crore on 26% rise in total revenue to Rs 100.3 crore in Q4 FY21 over Q4 FY20.
On the segmental front, Power exchange business recorded 28.3% year-on-year rise in revenue to Rs 101.81 crore during the quarter. The Gas exchange business recorded a revenue loss of Rs 0.74 crore in the fourth quarter compared with revenues of Rs 0.21 crore in the same period last year.
EBITDA increased 34.2% to Rs 83.9 crore in Q4 FY21 compared with Rs 62.6 crore in Q4 FY20.
Electricity Volume increased by 62.1% to 22428.4 million units (MU) in the fourth quarter as against 13,835.1 MU recorded in the same period last year.