India Ratings and Research (Ind-Ra) on Friday said the recovery in energy demand will continue despite COVID-19 led temporary blip.
India Ratings and Research (Ind-Ra) has published the May 2021 edition of its credit news digest on India s power sector. The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power, deficit, regulatory changes and the recent rating actions by Ind-Ra. Ind-Ra estimates, as per a statement, the all-India energy demand would decline in May 2021 on a month-on-month basis, despite the peak summer season, and to remain below pre-pandemic levels. This is on account of the continuation of COVID 19 led restrictions put out by certain states till May 31, 2021. With COVID cases peaking in May and announcements by certain states to open up from June, Ind-Ra expects energy demand to start recovering from June 2021.
BW Businessworld
Dalmia Power Offloads 4.47 % Stake In IEX For Rs 487.55 Crore
Copthall Mauritius Investment Ltd and Societe Generale purchased shares of Indian Energy Exchange worth Rs 59.99 crore and Rs 80.1 crore, respectively.
Photo Credit :
Dalmia Power Ltd on Thursday said it has sold a 4.47 per cent stake in Indian Energy Exchange (IEX) for Rs 487.55 crore through an open market transaction.
The Dalmia Bharat group firm has sold 1.34 crore equity shares, the group said in a regulatory update.
“Dalmia Power Ltd, a wholly-owned subsidiary of Dalmia Bharat Ltd has sold 1.34 crore equity shares (4.47 per cent shareholding) of IEX in the open market today i.e. May 20, 2021, at a consideration of Rs. 487.55 crore.
Stocks in the news: SBI, RIL, NBCC, Apollo Tyres, IEX, Mindtree, Hindalco and Shree Cements
SECTIONS
Last Updated: May 21, 2021, 08:21 AM IST
Share
Synopsis
United Spirits, Dr Lal Pathlabs, Godrej Industries, Ircon International and Birlasoft are among companies which will announce their March quarter results today.
Stocks in focus: Havells, ZEE Ent, Apollo Tyres, IEX, Mindtree, Hindalco and more
INSIGHTS
NSE
Explore Now
Nifty futures on the Singapore Exchange traded 127 points, or 0.85 per cent, higher at 15,065 signaling that Dalal Street was headed for a positive start on Friday. Here are a few stocks which may buzz the most in today s trade: