Latest news with #UttarPradeshPowerCorporationLimited
Business Upturn
5 days ago
- Business
- Business Upturn
NTPC Green shares jump 3% after winning 1,000 MW solar project
By Aman Shukla Published on June 5, 2025, 09:19 IST NTPC Green Energy shares rose 3% in early trading on Thursday following the company's win of a 1,000 MW solar photovoltaic (PV) power project auction by Uttar Pradesh Power Corporation Limited (UPPCL). As of 9:18 AM, the shares were trading 2.29% higher at Rs 110.38. The company signed a Power Purchase Agreement (PPA) at a competitive tariff of ₹2.56 per kWh on June 4, signaling strong growth prospects in the renewable energy sector. NTPC Green Q4 Results In its Q4 results, NTPC Green reported impressive growth with a net profit of ₹233 crore, nearly three times the ₹81 crore posted last year. Revenue also surged 22.5% to ₹622.3 crore compared to ₹508 crore in Q4 2024. These strong numbers reflect the company's solid operational performance and growing demand for clean energy. Looking ahead, NTPC Green reaffirmed its ambitious target to expand renewable capacity to 40 GW by FY 2032, increasing its total renewable portfolio to 60 GW. The company also plans to commission 14 GW of pumped hydro storage capacity over the next six to nine years, enhancing grid stability and supporting sustainable power supply. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
News18
21-05-2025
- Business
- News18
Power Tariff Likely To Be Hiked By 30% In UP As Revenue Shortfall Hits Rs 19,600 Crore
Last Updated: UPPCL reported that 78.65 lakh consumers have not paid their electricity bills for the past six months, adding to Rs 36,117 crore in outstanding dues The Uttar Pradesh Power Corporation Limited (UPPCL) is planning a 30% hike in electricity rates, potentially burdening residents, after reporting a Rs 19,600 crore revenue shortfall to the state's Electricity Regulatory Commission. Electricity tariffs in the state have remained unchanged for nearly five years, leading to a revenue gap that has increased by 12.4%. UPPCL has appealed to the Regulatory Commission, citing an inability to sustain further losses, and has presented data indicating that 54.24 lakh consumers have not paid their bills at all, resulting in an outstanding amount of Rs 36,353 crore. Additionally, the UPPCL stated that 78.65 lakh consumers have not paid their electricity bills for six months, contributing to a further Rs 36,117 crore in outstanding payments. The corporation has urged the commission to make a decision based on these figures, highlighting that in the financial year 2023-24, UPPCL and power companies incurred total expenditures of Rs 107,209 crore while generating revenues of only Rs 67,955 crore, leaving a gap of Rs 39,254 crore. Despite a state government subsidy of Rs 19,494 crore, there remains a revenue shortfall of Rs 5,910 crore. At the same time, UPPCL's cumulative losses has crossed Rs 1.10 lakh crore by March 2024.
Mint
12-05-2025
- Business
- Mint
Adani Power share price rises 7% on 1500 MW Thermal Power supply agreement in the state of Uttar Pradesh
Stock Market Today: Adani Power share price gained 7% in the morning trades on Monday as it announced Receipt of Letter of Award for 1500 MW Power Supply Agreement in the state of UP (Uttar Pradesh) Adani Power release intimated the exchanges on 10 May 2025 that Adani Power Limited has received a Letter of Award ('LOA') from Uttar Pradesh Power Corporation Limited ('UPPCL') for procurement of 1,500 MW from a new thermal power project of 2x800MW (1600 MW) installed capacity situated in the State of Uttar Pradesh for a period of 25 years.
Business Upturn
05-05-2025
- Business
- Business Upturn
Adani Green shares jump 3% after its subsidiary signs 400 MW solar PPA with Uttar Pradesh Power Corporation
By Aman Shukla Published on May 5, 2025, 10:05 IST Adani Green Energy Limited (AGEL) saw its shares climb over 3% in early trade after its subsidiary, Sixty Nine Limited, signed a significant Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL). The agreement entails the supply of 400 megawatts (MW) of solar power from a grid-connected photovoltaic (PV) project. The solar project will be developed in Rajasthan, reinforcing Adani Green's position as a leader in India's renewable energy space. The project aligns with national and state objectives to boost clean energy adoption and reduce carbon emissions by decreasing reliance on fossil fuels. This strategic agreement strengthens UPPCL's renewable energy portfolio, helping it meet growing electricity demand sustainably. The 400 MW addition is expected to play a crucial role in Uttar Pradesh's efforts to integrate more green power into its energy mix. In the exchange filings, the company shared, 'Adani Green Energy Sixty Nine Limited, a Wholly-owned step-down subsidiary of the company, has entered into a Power Purchase Agreement ('PPA') with Uttar Pradesh Power Corporation Limited ('UPPCL') for supply of 400 MW solar power from grid connected solar PV power project to be developed in the state of Rajasthan.' Adani Green shares opened at ₹912.70, reaching a high of ₹936.65 and a low of ₹910.55 during the session. The stock remains significantly below its 52-week high of ₹2,174.10 but above the 52-week low of ₹758.00. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
03-05-2025
- Business
- Business Upturn
Adani Green subsidiary signs 400 MW solar PPA with UPPCL
By Aman Shukla Published on May 3, 2025, 17:27 IST Adani Green Energy Limited (AGEL), through its wholly-owned step-down subsidiary Sixty Nine Limited, has entered into a Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL). The agreement covers the supply of 400 megawatts (MW) of solar power from a grid-connected solar photovoltaic (PV) project. The solar project will be developed in the state of Rajasthan and will contribute to the renewable energy supply portfolio of UPPCL. This agreement aligns with broader state and national targets to increase the share of renewable energy in the power mix and reduce dependence on fossil fuels. In the exchange filings, the company shared, 'Adani Green Energy Sixty Nine Limited, a Wholly-owned step-down subsidiary of the company, has entered into a Power Purchase Agreement ('PPA') with Uttar Pradesh Power Corporation Limited ('UPPCL') for supply of 400 MW solar power from grid connected solar PV power project to be developed in the state of Rajasthan.' The power generated from the upcoming solar PV plant will be transmitted to the grid and used to meet the electricity needs of consumers in Uttar Pradesh. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
