Latest news with #CoalIndia
Economic Times
16 hours ago
- Business
- Economic Times
High Voltage Bets: Suzlon and JSW Energy Poised for Strong FY26 Performance
India's power utilities sector remains well-positioned for long-term growth, backed by robust renewable energy (RE) additions, resilient coal production, and policy-driven supply-side readiness. ADVERTISEMENT Despite a near-term moderation in electricity demand, structural tailwinds such as energy transition, rising electrification, and economic growth are expected to support sustained sectoral momentum. Peak power demand in India reached 250GW in FY25 and is projected to touch 270GW in FY26. Although demand growth moderated to ~5% in FY25 (vs. 7–9% in FY22–24) and further eased to ~2% YoY in April 2025 due to high base effects and milder weather, demand volatility in peak months suggests potential for a sharp rebound in the near term. Capacity additions in FY25 were a standout, with total generation capacity rising by 33.3GW—a 29% YoY increase. Renewable energy was the key driver, contributing 28.8GW, led by solar additions of energy contributed the remaining 5GW, demonstrating the sector's clear pivot toward cleaner sources. On the other hand, thermal capacity witnessed a net decline of 2.2GW, reflecting India's gradual shift away from conventional power Ministry of Power has taken proactive steps to ensure peak season preparedness. Under Section 11 of the Electricity Act, 2003, gas-based power plants have been directed to maximize generation during summer months. ADVERTISEMENT Meanwhile, Grid India will coordinate and notify operational schedules in advance. The move gains relevance as India decommissioned ~4.4GW of inoperable gas-fired capacity, leading to a sharp decline in operational gas capacity to 20.1GW in Apr'25 from 24.5GW in Mar'25. Coal availability—a key supply metric—remains solid. In Apr'25, domestic coal production rose 3.6% YoY to 81.6MT, with Coal India alone holding 105MT of stock (+22.1% YoY). ADVERTISEMENT Total coal inventory stood at 125.8MT, offering significant buffer for summer demand, complemented by government efforts to ease supply for imported coal-based the pricing front, average Day-Ahead Market (DAM) rates stayed stable at INR5.2/unit in April, while Real-Time Market (RTM) prices dipped 24% YoY in May (till 25th), helped by unseasonal rainfall and improved sell-side liquidity on IEX. ADVERTISEMENT With a strong pipeline of RE projects, policy thrust on thermal reliability, and rising energy needs, India's utilities sector is entering a structurally resilient in power demand, coupled with expanding clean energy capacity, positions the sector favorably for sustained investment and operational growth in FY26 and beyond. ADVERTISEMENT Suzlon Energy (SUEL) remains our high-conviction pick amid improving execution, a net cash balance sheet and strong earnings momentum ahead. Positive developments with respect to the implementation of local content in wind turbine manufacturing will boost market share and protect model FY26 delivery of 2.4GW, implying a quarterly run rate of 600MW, which we believe is reasonable (3QFY25 delivery: 447MW).For SUEL, we estimate a CAGR of 46%/51% in revenue/adj. PAT over FY25-27. As per our understanding, key orders slated for FY26 already have substantial land acquisitions completed and have high power evacuation reported consolidated revenue of INR 31.8b in 4QFY25, with adjusted PAT up 34% yoy, aided by higher other income and deferred tax benefits. Operational capacity reached 12.2GW, with a robust project pipeline of 6.7GW, reflecting strong growth of KSK Mahanadi and O2 Power acquisitions positions JSWE for EBITDA expansion in FY26. Net generation rose 24% yoy, supported by new capacities and high thermal PLF of 84%.With merchant exposure below 1GW and coal import dependence reduced to 9–10%, earnings volatility is expected to decline. We give a Buy rating, backed by clear growth visibility and strong capacity additions. (The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
16 hours ago
- Business
- Time of India
High Voltage Bets: Suzlon and JSW Energy Poised for Strong FY26 Performance
India's power utilities sector remains well-positioned for long-term growth, backed by robust renewable energy (RE) additions, resilient coal production, and policy-driven supply-side readiness. Despite a near-term moderation in electricity demand, structural tailwinds such as energy transition, rising electrification , and economic growth are expected to support sustained sectoral momentum. Peak power demand in India reached 250GW in FY25 and is projected to touch 270GW in FY26. Although demand growth moderated to ~5% in FY25 (vs. 7–9% in FY22–24) and further eased to ~2% YoY in April 2025 due to high base effects and milder weather, demand volatility in peak months suggests potential for a sharp rebound in the near term. Capacity additions in FY25 were a standout, with total generation capacity rising by 33.3GW—a 29% YoY increase. Renewable energy was the key driver, contributing 28.8GW, led by solar additions of 23.8GW. Wind energy contributed the remaining 5GW, demonstrating the sector's clear pivot toward cleaner sources. On the other hand, thermal capacity witnessed a net decline of 2.2GW, reflecting India's gradual shift away from conventional power generation. Live Events The Ministry of Power has taken proactive steps to ensure peak season preparedness. Under Section 11 of the Electricity Act, 2003, gas-based power plants have been directed to maximize generation during summer months. Meanwhile, Grid India will coordinate and notify operational schedules in advance. The move gains relevance as India decommissioned ~4.4GW of inoperable gas-fired capacity, leading to a sharp decline in operational gas capacity to 20.1GW in Apr'25 from 24.5GW in Mar'25. Coal availability—a key supply metric—remains solid. In Apr'25, domestic coal production rose 3.6% YoY to 81.6MT, with Coal India alone holding 105MT of stock (+22.1% YoY). Total coal inventory stood at 125.8MT, offering significant buffer for summer demand, complemented by government efforts to ease supply for imported coal-based plants. On the pricing front, average Day-Ahead Market (DAM) rates stayed stable at INR5.2/unit in April, while Real-Time Market (RTM) prices dipped 24% YoY in May (till 25th), helped by unseasonal rainfall and improved sell-side liquidity on IEX. With a strong pipeline of RE projects, policy thrust on thermal reliability, and rising energy needs, India's utilities sector is entering a structurally resilient phase. Growth in power demand, coupled with expanding clean energy capacity, positions the sector favorably for sustained investment and operational growth in FY26 and beyond. Suzlon: Buy| Target Rs 83 Suzlon Energy (SUEL) remains our high-conviction pick amid improving execution, a net cash balance sheet and strong earnings momentum ahead. Positive developments with respect to the implementation of local content in wind turbine manufacturing will boost market share and protect margins. We model FY26 delivery of 2.4GW, implying a quarterly run rate of 600MW, which we believe is reasonable (3QFY25 delivery: 447MW). For SUEL, we estimate a CAGR of 46%/51% in revenue/adj. PAT over FY25-27. As per our understanding, key orders slated for FY26 already have substantial land acquisitions completed and have high power evacuation visibility. JSW Energy: Buy| Target Rs 592 JSWE reported consolidated revenue of INR 31.8b in 4QFY25, with adjusted PAT up 34% yoy, aided by higher other income and deferred tax benefits. Operational capacity reached 12.2GW, with a robust project pipeline of 6.7GW, reflecting strong growth visibility. Completion of KSK Mahanadi and O2 Power acquisitions positions JSWE for EBITDA expansion in FY26. Net generation rose 24% yoy, supported by new capacities and high thermal PLF of 84%. With merchant exposure below 1GW and coal import dependence reduced to 9–10%, earnings volatility is expected to decline. We give a Buy rating, backed by clear growth visibility and strong capacity additions. (The author is Head – Research, Wealth Management, Motilal Oswal Financial Services Ltd ) ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times) ETMarkets WhatsApp channel )
Time of India
a day ago
- Business
- Time of India
Jharkhand coal-fired power project LoA by year-end
Kolkata: The letter of award (LoA) for execution of a coal-fired 1,600 MW ultra-supercritical power project in Jharkhand's Chandrapura will likely be issued by the end of 2025. The project is a joint venture between Coal India and Damodar Valley Corporation (DVC). Tired of too many ads? go ad free now State-run power utility DVC and Coal India signed an MoU in April to set up the brownfield project of 2X800 MW power plants — an expansion of the existing Chandrapura thermal power station of 2X250 MW capacity. "We signed a formal agreement with Coal India for this brownfield project, which will be set up on our land. An LoA is likely to be issued by this year-end. Around 38 months will be needed for the completion of construction. The project is expected to be fully commissioned by 2030," DVC chairman S Suresh Kumar said on Friday. A joint venture company would be set up on a 50% equity-sharing basis for the power project, Coal India said in a stock exchange filing on April 21. Total investment for the project would be around Rs 16,500 crore. "DVC and Coal India will together borrow around 70% of the total project cost over a period of time," Kumar said. Coal for the proposed power plants would be sourced from coalfields in proximity with Coal India's subsidiaries — Bharat Coking Coal and Central Coalfields.
News18
3 days ago
- Business
- News18
Stocks To Watch: IndusInd Bank, IRCTC, Coal India, Samvardhana Motherson, And Others
Last Updated: Stocks to watch: Shares of firms like IndusInd Bank, IRCTC, Coal India, Samvardhana Motherson, and others will be in focus on Thursday's trade Stocks to Watch on May 29, 2025: Markets remained range-bound and under pressure on Wednesday, continuing the consolidation phase. As investors look ahead, several stocks will be in focus today due to earnings announcements and significant news developments: These companies are set to announce their Q4 results today, keeping their stocks on investors' radar. IndusInd Bank SEBI has barred IndusInd Bank CEO Sumant Kathpalia and four others from the securities market over alleged insider trading. The regulator also froze Rs 19.78 crore, issuing an ex-parte interim order. IRCTC Reported a 26% YoY increase in net profit to Rs 358.22 crore. Revenue rose to Rs 1,268.52 crore. The Navratna PSU also announced its first dividend post-status upgrade. SAIL Steel Authority of India posted an 11% YoY rise in profit at Rs 1,250.98 crore. The Maharatna PSU also declared a dividend along with its results. Deepak Nitrite advetisement Posted a 106.4% jump in net profit to Rs 202 crore, with revenues up 14.5% to Rs 2,180 crore. The company had earlier declared a Rs 7.5/share dividend. Natco Pharma Net profit rose 5% YoY to Rs 406 crore. Revenue grew to Rs 1,287.3 crore. Margins saw a minor dip to 44.89% from 46.55% last year. Bata India Reported a 27.7% fall in net profit to Rs 46 crore. Revenue slipped to Rs 788.2 crore. EBITDA declined 26%, and margins contracted over 200 basis points. Birlasoft Net profit rose 4.3% to Rs 122 crore, but revenue fell 3.4%. EBITDA dropped sharply by 21.7%, with margin erosion to 13.18% from 16.26%. Coal India Named 'Preferred Bidder" for the Oranga-Revatipur Graphite and Vanadium Block in Chhattisgarh, marking its diversification beyond coal. Gensol Engineering NCLT's Ahmedabad bench has initiated proceedings against Gensol, its promoters, and affiliates over allegations of corporate fraud. Nuvama Wealth Management Posted a strong performance with a 41% surge in profit after tax (PAT) to Rs 255 crore, and revenue rising 29% to Rs 771 crore, driven by growth across wealth, asset, and capital markets services. 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. Stay updated with all the latest news on the Stock Market, including market trends, Sensex and Nifty updates, top gainers and losers, and expert analysis. Get real-time insights, financial reports, and investment strategies—only on News18. First Published: News business » markets Stocks To Watch: IndusInd Bank, IRCTC, Coal India, Samvardhana Motherson, And Others
Time of India
4 days ago
- Business
- Time of India
CMPDI files DRHP for IPO as CIL plans to offload 10% stake
Kolkata: Central Mine Planning and Design Institute (CMPDI) — the engineering, design, and exploration arm of Coal India — will be the first subsidiary of the Maharatna coal giant to be listed. CMPDI filed a DRHP (Draft Red Herring Prospectus) with SEBI (Securities and Exchange Board of India) for an IPO (Initial Public Offering) on Tuesday. According to the DRHP, CIL will offload a 10% stake in CMPDI. Currently, Coal India has eight subsidiaries, and CMPDI, wholly owned by CIL, is its only non-coal-producing subsidiary. Out of its 71 crore shares in CMPDI, CIL will offload 7.1 crore shares. The entire IPO will be an offer for sale with no fresh issue. CMPDI prepares perspective plans, renders consultancy services, and undertakes exploration and drilling work at coal reserves. It also collects data for the preparation of mining projects. CIL earlier said that the process of listing two subsidiaries — BCCL (Bharat Coking Coal Limited) and CMPDI — has begun, and draft papers will be filed soon with SEBI. According to the DRHP, CMPDI generated a revenue of Rs 2,102 crore and a profit after tax (PAT) of Rs 666 crore in 2024-25. In 2023-24, it had a revenue of Rs 1,732 crore and a PAT of Rs 503 crore. Experts said CMPDI was very crucial now, as CIL is looking to acquire lithium blocks in Australia and Argentina. CMPDI, with its expertise in mineral exploration and development, is well-positioned to capitalise on this trend and establish itself as a key player in the Indian lithium market, they added. "By leveraging its capabilities and investing in research and development, CMPDI can help augment India's lithium resources, optimise mining and beneficiation costs, and contribute to the country's energy security and sustainability goals," the company stated in the DRHP.
