Latest news with #CEG
Indian Express
12 hours ago
- General
- Indian Express
Which is the first engineering college in Tamil Nadu
The College of Engineering Guindy (CEG) is the first engineering college in Tamil Nadu. CEG was established in 1794 as a School of Survey near Fort St. George, Chennai, with eight students, is Asia's oldest technical institution. Founded by Michael Topping, it became the Civil Engineering School in 1858 and was recognised as a college under Madras University in 1859. In 1861, it was renamed the College of Engineering with the addition of the Mechanical Engineering branch. Civil Engineering was especially sought after in those early years, and the first batch received the Diploma in Civil Engineering (DCE) in 1864. In 1920, the college moved to its present 185-acre Guindy campus. Rao Bahadur G. Nagarathinam Ayyar became its first Indian Principal in 1925. The relocation supported the launch of new courses: Mechanical Engineering (1894), Electrical Engineering (1930), Telecommunication and Highways (1945), and Printing Technology (1982). Research programmes began in 1935, with Dr. K. L. Rao earning the first by Research. In 1940, Leela George and A. Lalitha became the first women engineers from Guindy. During World War II, accelerated courses with no vacations enabled three batches to graduate within two years (1942–43). In 1946, Prof. K. Sukumaran earned the first PhD from the college. Two additional colleges at Ananthapur and Vishakhapatnam were opened in 1947 but functioned at Guindy initially. In 1957, intake increased from 175 to 275, and a Pre-Professional Course (later replaced by a five-year integrated course) was introduced. Perarignar Anna University of Technology was formed in 1978, and Anna University was later established with four constituent colleges: CEG, Madras Institute of Technology, Alagappa College of Technology, and the School of Architecture and Planning, all functioning from the Guindy campus. P. Sivlingam was the first Vice Chancellor, followed by Dr. Kulandaisamy and Dr. M. Anandakrishnan. New UG and PG courses were introduced over time, and in 2001, all engineering colleges in Tamil Nadu were affiliated to Anna University. Anna University is ranked first in the National Institute Ranking Framework (NIRF) 2024 in the public university category. In the innovation, engineering, overall, university, and research categories, Anna University is also ranked among the top 20. It is ranked at 10th in innovation rankings, 13th place in the NIRF 2024 university rankings, 14th place in engineering, in the 17th position in the NIRF research category and 20th place in the NIRF overall category. It is ranked 34th in architecture and planning rankings.
Yahoo
a day ago
- Business
- Yahoo
Was Jim Cramer Right Choosing Constellation Energy (CEG) Over Vistra Last Year?
We recently published a list of . In this article, we are going to take a look at where Constellation Energy Corporation (NASDAQ:CEG) stands against other stocks that Jim Cramer discusses. Cramer brought up Constellation Energy Corporation (NASDAQ:CEG) in the same segment as a key peer to Vistra. Back then, he explained why he still favored Constellation, highlighting its purer nuclear focus, longer-term stability, and his deeper familiarity with the company's management and performance history. Here are his remarks from back then: 'Right now, we're in the midst of an enormous AI infrastructure buildout… meaning tons and tons of data centers that practically devour electricity… and that's where the independent power producers come in—especially the ones that can provide clean energy like Vistra or Constellation Energy. […] A close up of a wind turbine producing electricity as the sun sets. Although CEG did not outperform Vistra, it's still up by 51.22%, making this a great call. Constellation Energy Corporation (NASDAQ:CEG) is a leading clean energy provider that generates electricity from nuclear, solar, wind, and hydro sources for residential and commercial customers. Cramer recently advised against owning energy stocks due to Microsoft's decision to close down some data centers. Here's what he said in April: 'Now, see, I never really, really care right now, honestly for the energy trade, because then Microsoft will say that it's closing a data center. No one will like the group. So let's stay away from the energy trade. It's too much second derivative, so to speak.' Overall, CEG ranks 2nd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CEG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Business
- Yahoo
Was Jim Cramer Right Choosing Constellation Energy (CEG) Over Vistra Last Year?
We recently published a list of . In this article, we are going to take a look at where Constellation Energy Corporation (NASDAQ:CEG) stands against other stocks that Jim Cramer discusses. Cramer brought up Constellation Energy Corporation (NASDAQ:CEG) in the same segment as a key peer to Vistra. Back then, he explained why he still favored Constellation, highlighting its purer nuclear focus, longer-term stability, and his deeper familiarity with the company's management and performance history. Here are his remarks from back then: 'Right now, we're in the midst of an enormous AI infrastructure buildout… meaning tons and tons of data centers that practically devour electricity… and that's where the independent power producers come in—especially the ones that can provide clean energy like Vistra or Constellation Energy. […] A close up of a wind turbine producing electricity as the sun sets. Although CEG did not outperform Vistra, it's still up by 51.22%, making this a great call. Constellation Energy Corporation (NASDAQ:CEG) is a leading clean energy provider that generates electricity from nuclear, solar, wind, and hydro sources for residential and commercial customers. Cramer recently advised against owning energy stocks due to Microsoft's decision to close down some data centers. Here's what he said in April: 'Now, see, I never really, really care right now, honestly for the energy trade, because then Microsoft will say that it's closing a data center. No one will like the group. So let's stay away from the energy trade. It's too much second derivative, so to speak.' Overall, CEG ranks 2nd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of CEG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
3 days ago
- Science
- Time of India
Oldest engg school in country to conduct open house for aspirants
Chennai: Survey School, the oldest engineering school established outside Europe, in Madras in 1794 to produce trained personnel in surveying for British India, has turned into a premier College of Engineering (CEG), Guindy. It took British engineers, their surveyors, ameens, and draftsmen 50 years to complete the first survey of India in 1852. With satellite images and modern equipment, the same can be completed within a year with much better accuracy today. It all started with survey engineering. Now, the college is producing top-notch engineers in multiple disciplines. The department of civil engineering, one of the first departments to be established in the college roughly 166 years ago, has become one of the premier departments of the discipline. "Our department will host a first-ever open house on Monday to showcase innovations, research outcomes, and project demonstrations by students and faculty members," said S Kanmani, head, department of civil engineering, CEG. It is open to industry professionals, researchers, alumni, school children, and the public to see cutting-edge laboratories, interact with researchers, and witness live demonstrations. "The event will also have interactive exhibits, student-led models, and solutions to real-world infrastructure and sustainability challenges," she added. This exercise is being conducted to promote its UG and PG programmes. The department is offering BE civil engineering in Tamil and English and BE in geo-informatics. It also offers 11 PG courses. The students trained in live projects are working for various govt departments and agencies, including NASA and ISRO. "Three students from the BE geo-informatics course – Latha Malar Baskaran, Suresh Vannan, and G G Ponnurangam are working in NASA and its Jet Propulsion Laboratory as scientists. One of them was involved in the project that brought Astronaut Sunita Williams," said R Vidhya, director of Institute of Remote Sensing, another centre of the civil engineering department. "All faculty members in the civil engineering department are experts in their domains. They do research and consultancy for various govt agencies. So, UG and PG students joining this department can branch out to any section of civil engineering and work on live projects as well," said R Saravanan, director, Centre for Water Resources, also part of the civil engineering department at CEG. "Any building structure-related issue, be it Mugalivakkam or Tirvottiyur, our faculty members are part of the expert team. Due to these consultancy services, we are generating 80% of consultancy revenue for Anna University," said professor K P Jaya, head, structural engineering division, department of civil engineering. "It's one of the largest departments and occupies 60% of the total area in the CEG," she added. About 50% of total students are placed in campus placements, while 30% opt to write competitive exams. "The remaining 20% of students are interested in pursuing higher studies," Kanmani said. Some of the PG courses, such as structural engineering, have 100% placements. "ME in soil mechanics and foundation engineering course started at CEG in 1958, much before the IITs," said professor M Muttharam from the soil mechanics and foundation division.
Business Insider
4 days ago
- Business
- Business Insider
How Meta Platforms' (META) Shrewd Energy Strategy Fortifies Future Earnings
Tech giant Meta Platforms (META) has entered into a 20-year power purchase agreement (PPA) with Constellation Energy's (CEG) Clinton nuclear plant in Illinois. The deal secures over 1 gigawatt of carbon-free electricity at approximately $80 per megawatt-hour (MWh), helping Meta manage long-term energy costs and mitigate exposure to an increasingly volatile electricity market. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter By locking in stable energy rates, Meta is not only insulating itself from future price swings but also ensuring a reliable power supply for its rapidly expanding data center infrastructure—critical to its AI-driven growth strategy. The recent news has put a strong bid into META stock, helping the company add almost 5% to the value of its shares over the past five days. This move reinforces Meta's position as a leading force in AI-powered social platforms and signals a strong, strategic commitment to sustainable and scalable energy solutions. Accordingly, I am reaffirming my bullish stance on META stock on the back of the CEG joint venture. Rising Power Demand Forces Meta Into Strategic Deal Meta's decision comes at a critical juncture, as U.S. power demand is rising significantly for the first time in decades, primarily driven by the explosive growth of data centers supporting AI, cloud computing, and automation. Utilities have already warned that electricity generation capacity may not scale quickly enough to meet this accelerating demand. PJM, the nation's largest grid operator, has projected potential capacity shortfalls as early as 2030, citing plant retirements outpacing new development. This growing supply-demand imbalance has already introduced volatility in energy markets. In 2022, wholesale power prices averaged roughly $80 per megawatt-hour (MWh) for the first time in over a decade, primarily due to surging natural gas prices that heavily influence market rates. While prices eased in 2023, the macro trends—especially from increasing compute intensity—suggest a renewed upward trajectory starting in 2025. For Meta, whose operations are becoming increasingly energy-intensive, this volatility carries real risk. The company's electricity usage jumped more than 30% last year, reaching approximately 15 terawatt-hours, exposing it to significant cost fluctuations. By securing a long-term nuclear PPA, Meta is effectively insulating itself from future price shocks—stabilizing its operating margins and providing greater long-term predictability for profitability. Meta's Nuclear Energy Strategy to Commence in 2027 Starting in 2027 and continuing through 2047, Meta will purchase the full output—1,121 megawatts—of electricity generated by Constellation's Clinton Power Station. As a 24/7/365 baseload source, nuclear energy plays a critical role in supporting intermittent renewables like solar and wind. Urvi Parekh, Meta's Head of Global Energy, underscored the strategic importance of the deal, stating that 'securing clean, reliable energy is necessary to continue advancing our AI ambitions.' While financial terms were not publicly disclosed, analysts estimate the agreement is priced near $80 per megawatt-hour. Meta secured advantageous terms by helping extend the life of an existing nuclear facility. The deal effectively replaces Illinois' expiring zero-carbon credit subsidies in 2027, allowing the Clinton reactor to remain operational without additional ratepayer support. In return, Meta locks in a long-term, carbon-free power supply—shielded from fuel price volatility and future grid constraints. Constellation's CEO praised the agreement as a forward-thinking private-sector model, highlighting Meta's recognition of the strategic value in maintaining the nation's nuclear infrastructure. Meta's decision to secure a stable, long-term energy supply offers a clear strategic advantage—particularly as Big Tech intensifies efforts to lock in reliable power sources to support rapidly expanding, energy-intensive AI workloads. Microsoft, for instance, has signed a 20-year power purchase agreement (PPA) tied to the planned restart of the Three Mile Island facility, reportedly at a mid-range but competitive price of approximately $110 per megawatt-hour. Meanwhile, Google is backing small modular reactor (SMR) technology through its investment in Kairos Power, aiming to integrate nuclear energy into its operations by 2030, alongside broader commitments to renewables. Amazon Web Services is also expanding into the nuclear space, supporting advanced reactor startup X-energy to potentially power future AWS data centers in high-demand regions, such as Virginia and the Pacific Northwest. What is the Price Target for Meta Platforms? On Wall Street, Meta stock has a consensus Strong Buy rating, based on 41 Buys, three Holds, and one Sell rating attained over the past three months. The average META stock price target is $697.55, indicating ~2% upside potential over the next 12 months. However, the high estimate is $918, and my own target is about $800. This means a potential 15% return over the next 12 months or nearly a 30% return if the high estimate is met. Meta Wins by Being Strategic on Energy Meta's nuclear power agreement delivers clear strategic advantages in terms of energy reliability and cost certainty. By effectively hedging against future energy price volatility, the company mitigates a key operational risk and reinforces its ability to maintain stable profit margins over time. This long-term visibility into energy costs not only enhances financial resilience but also ensures a secure energy supply to support the company's expanding AI infrastructure. Additionally, Meta's direct investment in carbon-free energy aligns with the values of environmentally conscious and ESG-focused investors, likely bolstering long-term sentiment around the stock. In essence, this move transforms a historically volatile cost center into a strategic asset—positioning Meta for decades of consistent energy management and sustained profitability amid an increasingly dynamic tech and power landscape.
