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Power stocks: Revival hopes electrify power stocks

Demand for power has been weak in May and June so far. On an year-to-day basis till May, nation-wide daily and peak demand were higher by an average of 28 per cent and 26 per cent year-on-year. In May, it was up 12 per cent and 10 per cent from the same period last year.

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Rescuers Search for Workers Trapped at Hydropower Site in Flood-Hit North India

Rescuers Search for Workers Trapped at Hydropower Site in Flood-Hit North India Rescue workers continue to battle mountains of slush and debris at a hydropower construction site in north India that was damaged by flash floods that have killed at least 11 people. The rescue team of Indo-Tibetan Border Police is working to clear out a tunnel passage, where it expects more than 30 workers trapped, said Vivek Pandey, the spokesman for the police force. The Tapovan tunnel is the only easy entry point to NTPC Ltd.’s Tapovan Vishnugad project in the Himalayan state of Uttarakhand. The flood has also damaged other parts and entry points to the 520-megawatt electricity project. The rescue team has recovered 11 bodies, the state’s Chief Minister Trivendra Singh Rawat said in a tweet earlier today.

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Avalanche affects operations at JP Power's Vishnuprayag project

Avalanche affects operations at JP Power s Vishnuprayag project ​ By IANS | Published on ​ Mon, Feb 8 2021 15:03 IST | ​ 0 Views Several feared missing as glacier breaks in Uttarakhand s Joshimath.. Image Source: IANS News New Delhi, Feb 8 : The massive avalanche in Chamoli, Uttarakhand has led to the closure of power generation at Jaiprakash Power Venture Ltd 400 MW Vishnuprayag Hydro Electric Project. In a regulatory filing, Jaiprakash Power said it is confident that the project will resume operations in a few days after the completion of the cleaning process and the checking of all aspects. The project s barrage is over Alaknanda River, and its Tail Race Tunnel discharging water is in the river Dhauli Ganga. River water gushed in through the Tail Race Tunnel of the project bringing with it the slush, the filing said.

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Market Movers: SpiceJet, InterGlobe Aviation tank; 314 stocks flash sell signal

Market Movers: SpiceJet, InterGlobe Aviation tank; 314 stocks flash sell signal SECTIONS Last Updated: Dec 21, 2020, 06:10 PM IST Share Synopsis All the 30 components of the Sensex pack ended in the red. With a fall of 9.15 per cent, ONGC emerged as the top loser in the benchmark equity index. Shutterstock.com In the broader market, the BSE Smallcap and Midcap indices underperformed largecaps. NEW DELHI: Aviation stocks took a hit on Monday after the government announced a ban on all flights to and from the UK till the end of this year. On the other hand, Mahindra & Mahindra too slipped more than 6 per cent after the company said its loss-making South Korean arm SsangYong Motor Company (SYMC) has filed for bankruptcy.

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