Latest news with #Bhosale
News18
3 hours ago
- Business
- News18
Reliance Power Soars 11%, Up 174% In A Year – Will The Rally Sustain?
Last Updated: Reliance Power Share Price: Shares of Reliance Power surged on Tuesday, hitting a fresh 10-year high RPower Share Price: Shares of Reliance Power surged on Tuesday, hitting a fresh 10-year high of Rs 71.35, as they rallied 11 per cent on the BSE in intra-day trade amid heavy volumes. At this price, the stock has soared nearly 68 per cent so far in 2025 and 174 per cent over the past year. In June alone, it has gained more than 20 per cent following a 45 per cent surge in May. The recent momentum in this power stock has been driven by its robust Q4 earnings and a positive outlook. For the March 2025 quarter (Q4FY25), Reliance Power reported a consolidated profit of Rs 125.57 crore, reversing a loss of Rs 397.56 crore in the same period last year (Q4FY24). However, consolidated revenue from operations dipped slightly by nearly 1 per cent to Rs 1,978.01 crore from Rs 1,996.65 crore a year earlier. Meanwhile, Reliance Power's subsidiary, Reliance NU Energies Private Limited, on May 28 received a letter of award (LOA) from SJVN Limited—a Navratna Central Public Sector Enterprise—for a 350 MW inter-state transmission system (ISTS)-connected solar power project, along with a 175 MW/700 MWh battery energy storage system (BESS). Reliance Power growth opportunities According to the National Electricity Plan, India plans to add around 80 gigawatts (GW) of new coal-based thermal power capacity by 2031–32 to meet growing electricity demand. In its FY24 annual report, Reliance Power highlighted that this renewed focus presents growth prospects for thermal power players. Rising electrification, higher per-capita power consumption, and the adoption of electric vehicles (EVs) are expected to drive demand. India also aims to achieve 500 GW of non-fossil capacity by 2030 as part of its energy transition. 'In the near term, prices may continue to rise, but given the overbought conditions, buying on dips would be ideal. Rs 56-57 appears to be strong support, while Rs 72 is seen as resistance," Bhosale said. Further, Riyank Arora, Technical Analyst at Mehta Equities, observed that Reliance Power share price is showing signs of profit-booking after the recent rally, with major resistance at Rs 65. 'Reliance Power has seen a significant run-up, and the current pause suggests a short-term consolidation or mild correction. If it fails to break above Rs 65, we may see selling pressure pushing it back towards the Rs 58–59 support zone. While momentum remains positive, traders should be cautious near resistance. Fresh entry is only recommended on a decisive breakout above Rs 65 with strong volume," Arora explained. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
Scroll.in
5 days ago
- Business
- Scroll.in
Maharashtra contractors warn of state-wide protest if Rs 80,000 crore dues not paid
An association of contractors working with Maharashtra government departments has warned of a state-wide protest if the authorities do not release dues of over Rs 80,000 crore by June 10, CNBC-TV18 reported on Thursday. The Maharashtra Contractors Association, which claims to represent about three lakh members in 35 districts of the state, plans to launch a mass awareness campaign and a large-scale protest if the government does not meet the deadline for payments. 'The government has chosen to remain silent, but we will not,' the association's president Milind Bhosale told CNBC-TV18. 'If needed, we will take this agitation to every corner of Maharashtra.' The association has claimed that payments to the tune of Rs 38,000 crore are pending from the state public works department, Rs 6,500 crore from the rural development department, Rs 12,000 crore from the water conservation and water resources department and Rs 4,217 crore from the urban development department. Bhosale said the association has filed a petition in the Bombay High Court against the rural development department, CNBC-TV18 reported. He added that if its demands are not met by June 10, it will file another petition against the public works department. 'We wrote to Chief Minister Devendra Fadnavis again a couple of days ago,' he told the channel. 'But still, there is no sign of us getting our money.' In February, the contractors had gone on strike for a week to protest the dues. They had alleged that the government had not paid them since July last year, although it was allocating money for initiatives like the Ladki Bahin Scheme for monthly payments to women, The Times of India reported. At the time, Maharashtra Public Works Department Minister Shivendraraje Bhosle said he had asked for Rs 10,000 crore to be released at the earliest for the contractors, according to The Indian Express. 'I have spoken to the chief minister and finance minister,' the minister had told the newspaper. 'Both are positive regarding the demands raised by contractors. The government is positive about our demand of Rs 10,000 crore to be released at the earliest.'
Time of India
29-05-2025
- Time of India
Pune man arrested for impersonating army jawan in camp area to impress woman
A 20-year-old hospital brother, Abhishekh Shivaji Bhosale, was apprehended by Cantonment police for impersonating an Indian Army jawan in Pune's Camp area. Bhosale, dressed in a combat uniform, was spotted taking selfies near Army establishments, raising suspicion. PUNE: A 20-year-old man was arrested for moving around the Camp area in an Army uniform. The Cantonment police arrested a hospital brother, Abhishekh Shivaji Bhosale (20) of Sangvi, for posing as an Indian Army jawan by wearing an Army's combat uniform in the Camp area around 2 pm on Wednesday. Police registered a case of impersonation against him. Senior Inspector Girish Dighavkar of the Cantonment police told TOI, "Bhosale came to the spot with a woman on his motorcycle. The two parked their motorcycle near an English medium school where a couple of Army establishments are located nearby." "Our team spotted the Army jawan and the woman, and the jawan was taking selfies on his phone," he said. "Our team realised that the jawan was acting suspiciously and decided to question him. They asked a few questions, especially about his deputation, and he failed to reply. We then called the Military Intelligence officials from Southern Command, who verified him, and it was realised that he was not an Army jawan but was wearing the Army's combat uniform," he said. Before police could take Bhosale into custody, the woman left the spot. "If required, we will take down the statement of the woman," Dighavkar said. "We have seized the motorcycle. So far, the questioning of Bhosale revealed that he wanted to impress the woman, who was with him, by impersonating an Army jawan," he said.
Time of India
20-05-2025
- General
- Time of India
Bhosale-era well choked with algae and garbage
Nagpur: A centuries-old stone well, located in the secluded forested patch along the stretch of road — locally known as Amraipara road — between Sonegaon and the Nagpur Airport, lies in a state of disrepair. Once a vital water source and an example of traditional water architecture , the well has now been reduced to a dumping ground, its waters stagnant and choked with algae and waste. The structure, believed to be from the Bhosale period, features a deep, stone-lined reservoir with curved walls and arched alcoves, hinting at the craftsmanship of a bygone era. The multicoloured brick layers and symmetrical design suggest multiple construction phases, pointing to its historic civic utility—possibly as part of a step well system or a colonial water network. Now, the well stands buried under years of neglect. Rusting iron beams span the width of the well, indicating retrofitting efforts that have since failed. The surface is covered with green moss and algae, while the bottom is littered with plastic bottles, polythene bags and other debris. Tree roots creep through the walls, and the air is heavy with the stench of decay. Locals living nearby are dismayed. Janardhan Kale, a resident of HB Estate, said: "It's very sad that such an old monument lies in this sorry state. It could have been a heritage attraction, but now it's a health hazard. The site is often overlooked because of its hidden location near the temple and tree cover." The well, supposedly once a source of clean water, has now become a breeding ground for mosquitoes and a risk to nearby groundwater. With no fencing or signage, it poses a danger to children and passers-by. Despite the evident heritage value of the structure, efforts toward conservation remain non-existent. When approached by The Times of India, officials from the Archaeological Survey of India (ASI) said the well is not listed as a protected site under either state or national heritage categories. "It does not fall under our jurisdiction," an official stated, adding that the ASI cannot allocate resources to structures not officially recognized. Citizens, however, argue that lack of documentation or listing should not prevent authorities from preserving culturally significant structures. "Every time we lose a piece of history to garbage and neglect, we lose a story," said Shrey Verma, a resident of HB Estate. Locals are now demanding that the Nagpur Municipal Corporation or the State Archaeology Department take responsibility for cleaning and fencing the well, and begin the process of heritage recognition.
Hindustan Times
20-05-2025
- General
- Hindustan Times
PMC chief reviews Palakhi route, orders intensive preparations after site inspections
With exactly a month to go for the arrival of Palkhi processions of Sant Dnyaneshwar Maharaj and Sant Tukaram Maharaj in Pune, the Pune Municipal Corporation (PMC) conducted a comprehensive inspection and planning drive to ensure the smooth and safe movement of the Wari, the officials said. PMC commissioner, Rajendra Bhosale, on Monday visited key locations along the Palkhi route. Additional municipal commissioners— Prithviraj BP (East) and Omprakash Divate (West), city engineer Prashant Waghmare, and other senior engineers and assistant commissioners were present. Besides, representatives from the Sant Dnyaneshwar and Sant Tukaram Maharaj Sansthan were also present during the visit. During the inspection, Bhosale issued detailed instructions for immediate road repairs, removal of encroachments, and ensuring safety at the overnight halting points. Additionally, essential amenities and facilities such as drinking water, clean mobile toilets, and resting areas for the devotees are being set up across the route, said the officials. The Health Department has been directed to set up mobile medical units and emergency health services, while healthcare camps and ambulance support will be arranged at key points. Disinfection and medicine spraying at halting areas and PMC schools that host devotees will be done in advance, said Dr Nina Borade, PMC health chief. According to officials, special attention is being given to monsoon-related issues. The stormwater drains and chambers are being cleaned and covered with safety grilles. Sanitation workers have been assigned to clear garbage from chambers and maintain hygiene in the area. Commenting on the issue, civic commissioner Bhosale said, 'To avoid traffic disruptions, the PMC has coordinated with the traffic police for the smooth movement of the procession. Unauthorised stalls and encroachments along the route are being removed by encroachment squads and special teams. The pavements and roads on the route are undergoing repairs. Tree branches obstructing the route are being trimmed. Additional lighting and backup electrical systems are being installed to prevent power outages,' he said. As per officials, the resting points for Warkaris will be equipped with clean water, mobile toilets, and first aid. Fire safety arrangements are being made at locations where meals are served. Barricading and crowd control systems will be set up to prevent chaos during Palkhi darshan. Mandals serving food are being instructed to maintain cleanliness, with sanitary staff being deployed to keep the areas clean. Also, arrangements for drinking water will be made at these locations.
