Latest news with #UttarPradeshPowerCorporationLtd
Hindustan Times
6 days ago
- Business
- Hindustan Times
UPPCL launches higher education scheme for staff
: Uttar Pradesh Power Corporation Ltd (UPPCL) and other state power utilities under it have launched a higher education incentive scheme for the first time. The scheme is aimed at encouraging officers to enhance their academic qualifications and skills to improve overall efficiency in the power sector. It marks a significant shift from earlier procedures that required prior departmental approvals for pursuing higher education (For representation only) Under this scheme, eight selected employees will be supported to pursue MTech or MBA degrees from leading institutions such as IIIT Bangalore, IIT Tirupati, Delhi Technological University, and others. Financial support of up to ₹20 lakh will be provided to each selected candidate. The officers chosen—who are assistant and executive engineers—will continue to be treated as in service during their study period. They will also receive stipends while pursuing their courses. Importantly, the time spent studying will be considered for service benefits such as promotion, Assured Career Progression (ACP), and pay fixation. This initiative was launched on the directive of UPPCL chairman Ashish Kumar Goel. It marks a significant shift from earlier procedures that required prior departmental approvals for pursuing higher education. Now, selected officers will have smoother access to educational opportunities without delays. 'The scheme is aimed at improving employees' competence and productivity, which will ultimately benefit the power sector,' said chairman Goel. He urged all eligible staff members to take full advantage of the opportunity to improve their knowledge, grow professionally, and contribute more effectively to the organisation's goals.
Economic Times
11-06-2025
- Business
- Economic Times
Adani Power shares snap 5-day rally, slip over 1% amid profit-taking
Shares of Adani Power slipped as much as 1.2% on Wednesday to Rs 589 on the BSE, snapping a five-day rally that saw the stock surge nearly 12% since June 3. The decline appears to reflect profit-booking after a sharp upward move driven by a combination of technical strength and long-term growth triggers. ADVERTISEMENT The stock had rallied to an intraday high of Rs 610 on Tuesday, gaining 8.2% during the session and marking its fifth consecutive day of gains. Despite a mixed March-quarter performance—with net profit falling 4% year-on-year to Rs 2,637 crore and a sequential decline of 14%—investor sentiment remained upbeat, supported by long-term order wins and capacity expansion plans. Revenue for the quarter rose 6.5% YoY to Rs 14,237 crore, though it fell 4% compared to the December quarter. Total expenses during the period surged 9% YoY to Rs 11,274 crore. The recent rally was partially driven by Adani Power's announcement in May of a Rs 2 billion greenfield thermal power project. The company secured a Letter of Award to supply 1,500 MW of electricity to Uttar Pradesh Power Corporation Ltd under a long-term power purchase agreement. ADVERTISEMENT The power will be generated from a 2×800 MW ultra-supercritical plant, developed under the DBFOO (Design, Build, Finance, Own, and Operate) InCred Equities, which initiated coverage in May with an 'Add' rating and a price target of Rs 649, described Adani Power as a 'pure play on the Indian thermal space.' It noted that the company generated Rs 200 billion in recurring EBITDA in FY25, backed by a stable revenue mix. ADVERTISEMENT InCred also highlighted the company's merchant power exposure via the Indian Energy Exchange (IEX), with realised prices ranging from Rs 5–6/kWh and peaking at Rs 10/ ahead, Adani Power plans to expand capacity from 17.55 GW to 30.67 GW by FY30, including brownfield additions such as Mahan Phase II (1.66 GW), Raipur Phase II (1.66 GW), and Korba Revival (1.32 GW). InCred noted that this expansion aligns with India's projected 5–6% annual power demand growth, which is expected to drive peak demand to 458 GW by FY32F. ADVERTISEMENT Despite muted earnings, technical indicators remained supportive. The stock has been trading above all eight key simple moving averages—from the 5-day to the 200-day SMA. The Relative Strength Index (RSI) stood at 68.8, near the overbought threshold of 70, while the MACD reading of 6.9 stayed above both its center and signal lines, reinforcing bullish momentum until the latest the stock has gained 15.4% over the past month and 8.5% in the past week, it remains down 23% over the past year, underperforming both the Nifty 50 and Nifty Energy indices. ADVERTISEMENT According to Trendlyne, analyst sentiment remains strong, with a consensus 'Strong Buy' rating on the stock. Also read | From bankruptcy to bull run: Can Reliance Infra & Reliance Power fuel Anil Ambani's comeback saga? (Disclaimer: Recommendations, suggestions, views, and opinions given by the 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
11-06-2025
- Business
- Time of India
Adani Power shares snap 5-day rally, slip over 1% amid profit-taking
Shares of Adani Power slipped as much as 1.2% on Wednesday to Rs 589 on the BSE, snapping a five-day rally that saw the stock surge nearly 12% since June 3. The decline appears to reflect profit-booking after a sharp upward move driven by a combination of technical strength and long-term growth triggers. The stock had rallied to an intraday high of Rs 610 on Tuesday, gaining 8.2% during the session and marking its fifth consecutive day of gains. Despite a mixed March-quarter performance—with net profit falling 4% year-on-year to Rs 2,637 crore and a sequential decline of 14%—investor sentiment remained upbeat, supported by long-term order wins and capacity expansion plans . Revenue for the quarter rose 6.5% YoY to Rs 14,237 crore, though it fell 4% compared to the December quarter. Total expenses during the period surged 9% YoY to Rs 11,274 crore. Order Wins and Capacity Expansion in Focus The recent rally was partially driven by Adani Power's announcement in May of a Rs 2 billion greenfield thermal power project . The company secured a Letter of Award to supply 1,500 MW of electricity to Uttar Pradesh Power Corporation Ltd under a long-term power purchase agreement. The power will be generated from a 2×800 MW ultra-supercritical plant, developed under the DBFOO (Design, Build, Finance, Own, and Operate) model. Brokerage InCred Equities, which initiated coverage in May with an 'Add' rating and a price target of Rs 649, described Adani Power as a 'pure play on the Indian thermal space.' It noted that the company generated Rs 200 billion in recurring EBITDA in FY25, backed by a stable revenue mix. InCred also highlighted the company's merchant power exposure via the Indian Energy Exchange (IEX), with realised prices ranging from Rs 5–6/kWh and peaking at Rs 10/kWh. Looking ahead, Adani Power plans to expand capacity from 17.55 GW to 30.67 GW by FY30, including brownfield additions such as Mahan Phase II (1.66 GW), Raipur Phase II (1.66 GW), and Korba Revival (1.32 GW). InCred noted that this expansion aligns with India's projected 5–6% annual power demand growth, which is expected to drive peak demand to 458 GW by FY32F. Technical Indicators Support the Uptrend Despite muted earnings, technical indicators remained supportive. The stock has been trading above all eight key simple moving averages—from the 5-day to the 200-day SMA. The Relative Strength Index (RSI) stood at 68.8, near the overbought threshold of 70, while the MACD reading of 6.9 stayed above both its center and signal lines, reinforcing bullish momentum until the latest dip. Valuation Concerns After Recent Spike While the stock has gained 15.4% over the past month and 8.5% in the past week, it remains down 23% over the past year, underperforming both the Nifty 50 and Nifty Energy indices. According to Trendlyne, analyst sentiment remains strong, with a consensus 'Strong Buy' rating on the stock. Also read | From bankruptcy to bull run: Can Reliance Infra & Reliance Power fuel Anil Ambani's comeback saga? ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Economic Times
10-06-2025
- Business
- Economic Times
Adani Power shares soar 12% in 5-day rally. Is it time to book profits?
Tired of too many ads? Remove Ads Fundamental support from fresh orders, expansion plans Tired of too many ads? Remove Ads Valuation reset or near-term top? Shares of Adani Power extended their winning streak for a fifth consecutive session on Tuesday, climbing as much as 8.2% to hit an intra-day high of Rs 610 on the BSE. The stock has now rallied nearly 12% in five sessions since June 3, defying broader weakness in the market and underperformance over the past rally comes in the wake of muted Q4 earnings, where the company posted a 4% year-on-year decline in consolidated net profit to Rs 2,637 crore. On a sequential basis, profit fell 14% from Rs 3,057.21 crore in Q3FY25. Revenue in the March quarter, however, rose 6.5% YoY to Rs 14,237 crore, although it slipped 4% sequentially. Meanwhile, expenses surged 9% from a year ago to Rs 11,274 the mixed results, technical indicators have turned positive. The stock is trading above all eight key simple moving averages, spanning from the 5-day to the 200-day SMA. Its Relative Strength Index (RSI) at 58 indicates neutral momentum, while the MACD reading of 3.6 remains above its center line, suggesting bullish undertones, though it's still below the signal line.A major catalyst driving the rally appears to be the Rs 2 billion greenfield thermal power project the company announced in Power secured a Letter of Award to supply 1,500 MW of electricity to Uttar Pradesh under a long-term power purchase agreement with Uttar Pradesh Power Corporation Ltd. The power will be generated from a 2×800 MW ultra-supercritical plant, to be built under the design, build, finance, own, and operate (DBFOO) Equities, which initiated coverage on Adani Power in May with an 'add' rating and a target price of Rs 649, called the company a 'pure play on the Indian thermal space.' The brokerage said Adani Power is a pure play in India's thermal power space with 87% of its capacity tied to long-term power purchase agreements (PPAs) that include a fuel cost pass-through brokerage said, 'The company generated Rs 200 billion of recurring EBITDA in FY25, supported by this stable revenue mix,' while also leveraging merchant power through the Indian Energy Exchange (IEX), with realised prices ranging between Rs 5–6/kWh and a peak of Rs 10/ ahead, Adani Power plans to expand its capacity from 17.55 GW to 30.67 GW by FY30, including brownfield additions like Mahan Phase II (1.66 GW), Raipur Phase II (1.66 GW), and Korba Revival (1.32 GW). InCred said the company's growth plan is well-aligned with India's projected 5–6% annual power demand growth, which could push peak demand to 458 GW by with the current rally, the stock is still down 21% over the past year, underperforming the Nifty, which declined 8.04%, and the Nifty Energy index, which fell 10.05% in the same to Trendlyne data, analysts remain optimistic, with a 'strong buy' consensus on the with the stock having risen 17% in the past month and 8% in the past week alone, investors may now be weighing whether to book profits or ride the wave.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
10-06-2025
- Business
- Time of India
Adani Power shares soar 12% in 5-day rally. Is it time to book profits?
Tired of too many ads? Remove Ads Fundamental support from fresh orders, expansion plans Tired of too many ads? Remove Ads Valuation reset or near-term top? Shares of Adani Power extended their winning streak for a fifth consecutive session on Tuesday, climbing as much as 8.2% to hit an intra-day high of Rs 610 on the BSE. The stock has now rallied nearly 12% in five sessions since June 3, defying broader weakness in the market and underperformance over the past rally comes in the wake of muted Q4 earnings, where the company posted a 4% year-on-year decline in consolidated net profit to Rs 2,637 crore. On a sequential basis, profit fell 14% from Rs 3,057.21 crore in Q3FY25. Revenue in the March quarter, however, rose 6.5% YoY to Rs 14,237 crore, although it slipped 4% sequentially. Meanwhile, expenses surged 9% from a year ago to Rs 11,274 the mixed results, technical indicators have turned positive. The stock is trading above all eight key simple moving averages, spanning from the 5-day to the 200-day SMA. Its Relative Strength Index (RSI) at 58 indicates neutral momentum, while the MACD reading of 3.6 remains above its center line, suggesting bullish undertones, though it's still below the signal line.A major catalyst driving the rally appears to be the Rs 2 billion greenfield thermal power project the company announced in Power secured a Letter of Award to supply 1,500 MW of electricity to Uttar Pradesh under a long-term power purchase agreement with Uttar Pradesh Power Corporation Ltd. The power will be generated from a 2×800 MW ultra-supercritical plant, to be built under the design, build, finance, own, and operate (DBFOO) Equities, which initiated coverage on Adani Power in May with an 'add' rating and a target price of Rs 649, called the company a 'pure play on the Indian thermal space.' The brokerage said Adani Power is a pure play in India's thermal power space with 87% of its capacity tied to long-term power purchase agreements (PPAs) that include a fuel cost pass-through brokerage said, 'The company generated Rs 200 billion of recurring EBITDA in FY25, supported by this stable revenue mix,' while also leveraging merchant power through the Indian Energy Exchange (IEX), with realised prices ranging between Rs 5–6/kWh and a peak of Rs 10/ ahead, Adani Power plans to expand its capacity from 17.55 GW to 30.67 GW by FY30, including brownfield additions like Mahan Phase II (1.66 GW), Raipur Phase II (1.66 GW), and Korba Revival (1.32 GW). InCred said the company's growth plan is well-aligned with India's projected 5–6% annual power demand growth, which could push peak demand to 458 GW by with the current rally, the stock is still down 21% over the past year, underperforming the Nifty, which declined 8.04%, and the Nifty Energy index, which fell 10.05% in the same to Trendlyne data, analysts remain optimistic, with a 'strong buy' consensus on the with the stock having risen 17% in the past month and 8% in the past week alone, investors may now be weighing whether to book profits or ride the wave.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
