Juniper Green Energy, Tata Power sign PPA for 85 MW hybrid project in MaharashtraMoneycontrol • 3 days ago
"The project is the first wind-solar energy project for the company. It will utilize both wind and solar resources by combining 51 MW of wind energy and 34 MW of solar power," Juniper Green Energy said in a statement.
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In terms of levels, immediate resistance for Nifty is notable at 22,500, a significant level on higher time frames, with further resistance observed at 22,780 and 23,170. Conversely, crucial support levels are identified at 21,700 and 21,500.
Tata Power Company ended at new closing high of Rs 430, with above average volumes and formed bullish candlestick pattern on the daily charts, while it traded above all key moving averages.
The electric utility and electricity generation company said it has deployed cutting-edge artificial intelligence and machine learning tools to monitor and forecast demand
Several stocks with very high retail investor base, rode the market rally to turn multibaggers in FY24. Moneycontrol has listed top 30 firms with the largest retail shareholder base, and selected 10 out of them with at least 100 percent rise this fiscal
In a recent report, analysts at Jefferies said opportunities in the power segment could come through increased capex and higher merchant prices for power due to the onset of summer. Over the past three months, the BSE utilities index has gained around 8 percent
The project comprises a 100 MW Solar PV Project and a 120 MWh Utility Scale Battery Energy Storage System (BESS).
Tata Power, after recent consolidation, has surpassed its previous record high and clocked 7.7 percent gains to end at new closing high of Rs 425 with robust volumes. The stock traded above all key moving averages, which is a positive sign.
The base value of the project is Rs 6.75 crore and is expected to be completed in 55 days.
According to Sinha, the timing of the announcement couldn't have been better for Tata Power. To install solar panels in one crore households, domestic content requirement (DCR) solar PV modules will be needed, and Tata Power's new module-making unit will be well-positioned to supply the same.