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Shares of PSU Bharat Heavy Electricals Limited (BHEL), which manufactures power generation equipment, has grown 77% so far in FY24, while JSW Energy is also up 75%. Investors are also paying attention to PSU utilities like NTPC and NHPC, which have given returns of 36% and 30% in FY24, as they look inexpensive and come with good dividend yields. ....
Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down on India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that span thermal generation to transmission, clean energy and green hydrogen, said people aware of the matter. ....
Abu Dhabi National Energy Co. (TAQA) is considering investments of $1.5-2.5bn in Gautam Adani s power businesses, including thermal generation, transmission, clean energy, and green hydrogen. At present, TAQA is looking to buy up to 19.9% of Adani Energy Solutions, originally Adani Transmission, for approximately $2.2bn at current prices. Whilst talks have taken place about investing in other Adani Group firms, Adani Energy Solutions reportedly has maximum synergy with TAQA for a strategic alliance. ....
TAQA, among the largest integrated utilities in Europe, West Asia and Africa and also the second largest stock on Abu Dhabi Securities Exchange (ADX), is keen to deploy $1.5-2.5 billion in Adani Group firms or in a single entity, said the sources mentioned above. However, both sides believe there is maximum synergy between TAQA and Adani Energy Solutions, formerly Adani Transmission, to forge a strategic alliance and work together on projects in North Africa and West Asia. ....