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Economic Times
4 days 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
4 days 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 )
Yahoo
22-05-2025
- Yahoo
Technology, teamwork and cash play key roles in massive manhunt for New Orleans prison escapees
A team of over 200 local, state and federal law enforcement officers and agents is working around the clock to capture the remaining missing inmates who broke out of a New Orleans jail in a stunning overnight escape last week, according to Louisiana State Police. Investigators have declined to comment on the specifics of the manhunt or the believed whereabouts of the fugitives. 'We don't discuss any of the investigative tools we use, that would be like the Eagles showing their Super Bowl playbook before the game,' Deputy US Marshal Brian Fair told CNN. But tips from the public and cash rewards offered by various agencies are key to the investigation, Fair said. As of early Thursday, five of the 10 who escaped were back in custody. Here are some of the known techniques being used to aid in the manhunt: So, far, all recaptured escapees have been found in New Orleans. A key tool at investigators' disposal is Project NOLA, a high definition crime camera program headquartered on the campus of the University of New Orleans. It was used to spot one of escapees in the French Quarter just minutes after the Orleans Parish Sheriff's Office notified Louisiana State Police of the mass escape Friday and continues to play a major role in the manhunt. A second escaped inmate was found only one block away from where Project NOLA facial recognition crime cameras lost him hours after the breakout, according to the organization. What sets the nonprofit's model apart is its cameras are positioned on private homes and businesses and can be outfitted with facial recognition, license plate reading and clothing recognition software. In 2016, Project NOLA partnered with the University of New Orleans which now houses the group's National Real-Time Crime Center where cameras are monitored and simulcast to the municipalities and police monitoring stations the project serves, according to Project NOLA's executive director and founder, Bryan Lagarde. Project NOLA itself only has a full-time staff of five, Lagarde said, but they do their best to monitor certain areas and events. Otherwise, the local municipalities can monitor as they deem necessary. The organization maintains a 'hot list' of mug shots and information on fugitives. As its cameras sweep an area, they are constantly comparing the passing faces to that list, Lagarde said. Each one of their cameras, like the ones on Bourbon Street, can scan up to '300-something faces per second,' he said. Hundreds of messages have poured into the Crimestoppers of New Orleans tip line from the community, as the agency says it wants to encourage tipsters to make sure they add more detail to the information they share. So far, two suspects have been caught because of tips into Crimestoppers, the agency told CNN. The reward for information leading to the recapture of the remaining inmates has been increased to a total amount of $20,000 for each fugitive, the Louisiana State Police announced Monday. The sum includes a $5,000 reward from the Bureau of Alcohol, Tobacco, Firearms and Explosives, a $5,000 reward from Crimestoppers and a $10,000 reward from the FBI. 'You put a $20,000 bounty on each of their heads, people are going to call Crime Stoppers. People are going to call the hotline number. They're going to report anonymously,' Marlon Defillo, a former assistant superintendent with the New Orleans Police Department, told CNN. 'They may not give their name, but they'll certainly put the law enforcement in the right direction as to where they may be,' he said. 'There is $20,000 for each escapee, and that's cash, folks, we don't need your name. We just want your information,' Orleans Parish Sheriff Susan Hutson said Tuesday. While he would not elaborate on investigators' work related to known associates of the escapees, Fair told CNN he 'wouldn't call it surprising' that five of them were caught in New Orleans area, given any resources they might have likely are in the city. 'They're going to go back into the neighborhoods that they know best, their own neighborhoods where they grew up and where they were reared. They're not familiar with anything or any other type of location or locale outside of the city of New Orleans, because they were born and raised here their entire lives. 'Without money, without food, without clothing, without resources. That's going to make it very difficult for them to seek refuge anywhere outside of the city,' Defillo said. 'You're just unlikely to go somewhere where you have zero support or help. And most of these, if not all of these individuals, grew up in New Orleans,' Louisiana Attorney General Liz Murrill told FOX News on Wednesday. 'They were young, young children, really, around the time of Hurricane Katrina, their resources are here.' Hutson on Tuesday sent a message to those who may be harboring the fugitives, saying 'It's not too late to change course. If you will work with us, we will work with you.' 'You can change course. You can let us know, and we can help you,' she said. 'But I will tell you, if they participate willfully and knowingly, they are going to be charged with serious felonies. They're going to spend time,' the sheriff warned. 'We just want your information, and so you have one of two choices. You can either choose prison because we are going to catch you and charge you, or you can cooperate. Even if you're scared, we can help you.' The breakout has left New Orleans on high alert – with members of the district attorney's staff fleeing for their safety – and local and state officials investigating how an escape could have happened. The escapees face an array of charges including aggravated assault with a firearm, false imprisonment with a weapon and murder. The five inmates who have been recaptured are being held at Louisiana State Penitentiary, a maximum-security facility. The latest to be caught, Corey Boyd, 19, was arrested Tuesday, about five days after he and nine other men broke out of the Orleans Justice Center through a hole behind a metal toilet just after midnight Friday. The captured inmates will be held without bond, Murrill said in a social media post Wednesday. A maintenance worker with the Orleans Parish Sheriff's Office, Sterling Williams, 33, was arrested Tuesday. Williams is accused of 'willfully and maliciously' assisting with the jailbreak, according to an affidavit. He faces one count of malfeasance in office and 10 counts of being a principal to simple escape. Williams' attorney, Michael Kennedy, said the worker was turning off water to an overflowing toilet after being told to do so and the is 'fully convinced' of his client's innocence. Two other people, Cortnie Harris, 32, and Corvanntay Baptiste, 38, were arrested on suspicion of assisting some of the inmates after they escaped, Louisiana State Police said in an update Wednesday. Hutson, who oversees the jail, announced Tuesday she is suspending her reelection campaign, just hours after fielding tough questions from local leaders at a tense city council meeting.
Business Upturn
22-05-2025
- Business
- Business Upturn
Firstsource and Sanas partner to redefine customer conversations with AI
MUMBAI, India , May 22, 2025 /PRNewswire/ — Firstsource Solutions Limited (NSE:FSL ) ( BSE:532809), a leading global provider of transformational solutions and services and an RP-Sanjiv Goenka Group company, has partnered with Sanas, provider of the world's first real-time speech understanding platform, to enable next-level customer conversations powered by AI. Aligned with Firstsource's UnBPO™ philosophy, the integration of Sanas' Real-Time Accent Translation technology marks a strategic leap in AI-first customer experience. This seamless, speech-to-speech solution eliminates accent and language barriers—enhancing clarity, reducing cognitive strain, and empowering agents to connect with global customers more confidently and effectively. As AI moves from pilot to performance, early adopters are already seeing the impact—128% more likely to report high ROI from their AI tools in CX. By embedding intelligent, unobtrusive tech into day-to-day operations, Firstsource is unlocking scalable, measurable value—boosting agent productivity, strengthening conversations, and delivering next-gen CX outcomes at speed and scale. 'At Firstsource, we seek partnerships that reflect our commitment to smart, scalable transformation—solutions that deliver maximum impact with minimal friction, improving both experience and outcomes. Our collaboration with Sanas is a powerful expression of the UnBPO™ philosophy: leveraging intelligent, human-centric technology to elevate performance and ROI. 'The Customer Experience (CX) landscape is undergoing a fundamental shift—from cost efficiency to outcome-driven impact. With Sanas' AI-powered Real-Time Accent Translation, we are enabling more inclusive, fluid customer conversations — irrespective of who the customer is — a consumer, a student, or a patient — without the need for hardware changes or system overhauls. It is an innovation that works in the background but transforms everything. 'This is the Future of Work in action—a seamless human-AI partnership where technology enhances connection, boosts responsiveness, and empowers agents to perform at their best,' said Ashish Chawla , President – CX and Consulting at Firstsource. The technology is industry-agnostic, enabling a host of benefits for enhanced communication across diverse industries. Early implementations of this technology in other enterprises have demonstrated significant performance results: 17% average increase in sales efficiency 21% improvement in Net Promoter Score (NPS) at a Fortune 20 global tech company at a Fortune 20 global tech company 18% average reduction in AHT Zero instances of customers asking to speak with another agent of customers asking to speak with another agent 22% average boost in Customer Satisfaction (CSAT) 95% agent adoption rate 'We're thrilled to partner with Firstsource to bring Sanas' Real-Time Accent Translation technology to their global operations. This collaboration marks a major milestone in our mission to make communication more inclusive and effortless. Our groundbreaking AI technology, combined with Firstsource's customer-first approach, enables contact center agents to have clearer, more effective conversations—regardless of accent or geography. Together, we are setting a new standard for exceptional agent and customer experiences alike,' said Sharath Keshava Narayana , CEO and co-founder, . About Firstsource Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL ) ( BSE: 532809 ) ( Reuters: ) ( Bloomberg: FSOL:IN), is a global leader providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, Retail, and other diverse industries. With a global footprint across US, UK, India , Philippines , Mexico , Romania , Turkey , Trinidad & Tobago , South Africa , and Australia , we 'make it happen' for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Our inch-wide, mile-deep practitioners work collaboratively, leveraging UnBPO™ — our differentiated approach to reimagining traditional outsourcing — to deliver real-world, future-focused solutions that drive speed, scale, and smarter decision, turning transformation into tangible results for our clients. ( About Sanas Sanas provides the world's first Real-Time Speech Understanding Platform powered by its patented AI technologies. Born from a mission to power a kinder, more compassionate world, Sanas is pioneering a revolution in human connection by making global, real-time communication more inclusive. Today, Sanas offers Real-Time Accent Translation and Two-Way Noise Cancellation. Founded in 2020, Sanas is led by a team of exceptional co-founders, including CEO Sharath Keshava Narayana and CTO Shawn Zhang . ( Logo: View original content: Disclaimer: The above press release comes to you under an arrangement with PR Newswire. Business Upturn takes no editorial responsibility for the same.
Cision Canada
22-05-2025
- Business
- Cision Canada
Firstsource and Sanas partner to redefine customer conversations with AI
BRIDGEWATER, N.J., May 22, 2025 /CNW/ -- Firstsource Solutions Limited (NSE:FSL) (BSE:532809), a leading global provider of transformational solutions and services and an RP-Sanjiv Goenka Group company, has partnered with Sanas, provider of the world's first real-time speech understanding platform, to enable next-level customer conversations powered by AI. Aligned with Firstsource's Un BPO™ philosophy, the integration of Sanas' Real-Time Accent Translation technology marks a strategic leap in AI-first customer experience. This seamless, speech-to-speech solution eliminates accent and language barriers—enhancing clarity, reducing cognitive strain, and empowering agents to connect with global customers more confidently and effectively. As AI moves from pilot to performance, early adopters are already seeing the impact— 128% more likely to report high ROI from their AI tools in CX. By embedding intelligent, unobtrusive tech into day-to-day operations, Firstsource is unlocking scalable, measurable value—boosting agent productivity, strengthening conversations, and delivering next-gen CX outcomes at speed and scale. "At Firstsource, we seek partnerships that reflect our commitment to smart, scalable transformation— solutions that deliver maximum impact with minimal friction, improving both experience and outcomes. Our collaboration with Sanas is a powerful expression of the Un BPO™ philosophy: leveraging intelligent, human-centric technology to elevate performance and ROI. "The Customer Experience (CX) landscape is undergoing a fundamental shift—from cost efficiency to outcome-driven impact. With Sanas' AI-powered Real-Time Accent Translation, we are enabling more inclusive, fluid customer conversations — irrespective of who the customer is — a consumer, a student, or a patient — without the need for hardware changes or system overhauls. It is an innovation that works in the background but transforms everything. "This is the Future of Work in action—a seamless human-AI partnership where technology enhances connection, boosts responsiveness, and empowers agents to perform at their best," said Ashish Chawla, President – CX and Consulting at Firstsource. The technology is industry-agnostic, enabling a host of benefits for enhanced communication across diverse industries. Early implementations of this technology in other enterprises have demonstrated significant performance results: 17% average increase in sales efficiency 21% improvement in Net Promoter Score (NPS) at a Fortune 20 global tech company 18% average reduction in AHT Zero instances of customers asking to speak with another agent 22% average boost in Customer Satisfaction (CSAT) 95% agent adoption rate "We're thrilled to partner with Firstsource to bring Sanas' Real-Time Accent Translation technology to their global operations. This collaboration marks a major milestone in our mission to make communication more inclusive and effortless. Our groundbreaking AI technology, combined with Firstsource's customer-first approach, enables contact center agents to have clearer, more effective conversations—regardless of accent or geography. Together, we are setting a new standard for exceptional agent and customer experiences alike," said Sharath Keshava Narayana, CEO and co-founder, About Firstsource Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL) (BSE: 532809) (Reuters: (Bloomberg: FSOL:IN), is a global leader providing transformational solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, Retail, and other diverse industries. With a global footprint across US, UK, India, Philippines, Mexico, Romania, Turkey, Trinidad & Tobago, South Africa, and Australia, we 'make it happen' for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Our inch-wide, mile-deep practitioners work collaboratively, leveraging Un BPO™ — our differentiated approach to reimagining traditional outsourcing — to deliver real-world, future-focused solutions that drive speed, scale, and smarter decision, turning transformation into tangible results for our clients. About Sanas Sanas provides the world's first Real-Time Speech Understanding Platform powered by its patented AI technologies. Born from a mission to power a kinder, more compassionate world, Sanas is pioneering a revolution in human connection by making global, real-time communication more inclusive. Today, Sanas offers Real-Time Accent Translation and Two-Way Noise Cancellation. Founded in 2020, Sanas is led by a team of exceptional co-founders, including CEO Sharath Keshava Narayana and CTO Shawn Zhang.
