Vedanta board approves ₹17,025 crore expansion plans across aluminium and power units
Vedanta Limited’s board today approved major capital expenditure plans totalling ₹17,025 crores across its aluminium and power businesses. In a filing to stock exchanges, the company detailed expansion plans for its subsidiary Bharat Aluminium Company Limited (BALCO) and the Athena Chhattisgarh Power Plant Project.

Vedanta swings to black with Q2 profit at Rs 5,603 crore, revenue down 3.6% YoY
Vedanta Limited on Friday released its fiscal second quarter earnings report with profit at Rs 5,603 crore in comparison to a loss of Rs 915 crore posted during the corresponding quarter of FY24. It reported revenue from operations at Rs 37,171 crore, down 3.6 per cent as against Rs 38,546 crore during the second quarter of previous financial year. The mining major’s EBITDA stood at Rs 9,828 crore, down 14.4 per cent on-year, majorly due to favourable output commodity prices, structural cost saving initiatives and increased premia across businesses.

NHPC NHPC Q2 Results Live: Profit Falls by 45.1% YOYQ2 Results Live: Profit Falls by 45.1% YOY
NHPC Q2 Results Live : NHPC declared their Q2 results on 07 Nov, 2024, reporting a topline increase of 4.12% year-over-year, though profits saw a significant decrease of 45.1% compared to the same quarter last year. In comparison to the previous quarter, revenue grew by 13.28%, but profit declined by 14.37%.

Reliance Power shares drop 5 pc, hit lower circuit limit
New Delhi: Shares of Reliance Power Ltd fell by 5 per cent on Friday as the company and Reliance NU BESS Ltd have been debarred from participating in Solar Energy Corporation of India Ltd (SECI) tenders for three years for allegedly submitting fake documents.

Create SECI-like entity for efficient long-term procurement of green hydrogen: TERI
New Delhi: Emphasising on the criticality of developing a competitive market for procurement of green hydrogen in India, The Energy & Resources Institute (TERI) has suggested creating an entity on lines of the Solar Energy Corporation of India (SECI), which will procure green hydrogen for all industries through long term contracts.

Greenzo Energy secures 120 MW solar project in Nepal

The surplus power generated by these installations will be evacuated back to the national grid, ensuring an optimised, sustainable energy flow that boosts grid stability and supports broader energy access.

ACME Solar IPO oversubscribed, strong response from QIBs and retail investors
The IPO of ACME Solar Holdings Ltd, with a price range of ₹275-289, concluded on Friday, achieving an overall subscription of 2.75 times. The IPO received bids for approximately 16 crore shares against the 5.82 crore shares available. The issue is a combination of a fresh issue of ₹2,395 crore, and an offer-for-sale of ₹505 crore by the promoter ACME Cleantech Solutions.

India's forex reserves fall to $682.13 billion, down $2.6 billion as of Nov 1
Forex reserves dip for fifth week to over two-month low, rupee slides to record low

India to become $35 trillion economy in 25 years: Goyal
 

Rupee falls 5 paise to all-time low of 84.37 against US dollar in early trade
Forex traders said the US Federal Reserve’s recent decision to cut interest rates signals a shift in the global financial landscape. Moreover, with Donald Trump’s tax and trade policies influencing global markets, volatility could re-enter the rupee’s trajectory.