The Joshimath Bachao Sangharsh Samiti had given the call for the rally to press for demands of permanent rehabilitation and compensation to affected families.
Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent each on Friday as tensions soared between India and Pakistan, fuelling fears of a wider conflict.
From the Sensex firms, Tata Steel, Eternal, Tech Mahindra, Maruti, Mahindra & Mahindra, Infosys, IndusInd Bank, HCL Tech, Tata Consultancy Services and Bharti Airtel were the major gainers. Telecom operator Bharti Airtel climbed nearly 1 per cent after it posted about a five-fold jump in consolidated net profit to Rs 11,022 crore in the March 2025 quarter, mainly due to the tariff hike impact and one-time gain on tax benefits. However, Asian Paints, Tata Motors, Kotak Mahindra Bank, NTPC and Power Grid were among the laggards.
Bharat Heavy Electricals Ltd (BHEL) is India's largest engineering and manufacturing enterprise, operating across energy, industry, and infrastructure sectors. The investment path for the stock is based on a large order backlog, continued strong order inflows, and rising power demand, which should push demand for BHEL's equipment and services. BHEL has historically held over 70 per cent market share in power projects.
'All hydropower projects in the Himalayan region must be stopped.' 'Joshimath is not alone.'
The National Thermal Power Corporation would shortly undertake work for site selection to set up nuclear power projects in Madhya Pradesh and other states.
State Bank of India, Tech Mahindra, Larsen & Toubro, Tata Steel, Sun Pharma, Infosys, HCL Tech, Axis Bank, Tata Consultancy Services and NTPC were among the biggest laggards among Sensex shares. Nestle, Hindustan Unilever, Titan, Power Grid, UltraTech Cement and ITC were among the gainers.
Amid protests by a group of residents in Joshimath, the Chamoli administration on Thursday put a ban on all construction activities in and around the 'sinking' town even as nearly 50 families staying in houses at risk have been evacuated so far.
It is developing ash parks at Varanasi, Raipur, Pune and Cuttack, to make it available to ash-based product manufacturing units at these centres. It recently signed an agreement with NHAI for supply of ash for use in road construction.
It is a 165 MW run-of-the-river scheme proposed in Dhauli Ganga river in Darma valley.
India witnessed a record-breaking surge in deal activity in February, with 226 M&A and private equity deals totaling $7.2 billion -- the highest monthly deal volume in the last three years, according to the Dealtracker report of Grant Thornton Bharat. "This represents a 67 per cent increase in volumes and a 5.4-fold increase in values compared to February 2024, while a 14 per cent increase over the previous month," it said.
NTPC has vowed to raise the amount of energy it generates from renewable resources
A 13.2 MW small hydro project on the Rishiganga river was swept away in the glacier burst in Uttarakhand on Sunday, but there is no danger of floods in the downstream areas as the water level has been contained.
NTPC-BHEL Power Projects, the joint venture between state-run BHEL and NTPC for making power equipment among others, is likely to rope in a global technology provider and may offer a minority stake, an NTPC official said on Tuesday.
The families of workers missing from the Rishiganga hydel project site created a ruckus in Raini on Wednesday accusing the authorities of not carrying out the rescue operations properly after the sudden flood in the Alaknanda river system wreaked havoc.
State-run NTPC will invest about Rs 20,000 crore to set up a 3,960-megawatt (Mw) coal-based power project in Madhya Pradesh. NTPC had signed a memorandum of understanding with the state government and MP Power Trading Company regarding this, the company said in a filing to the Bombay Stock Exchange.
Power utilities may report moderate growth in earnings for Q3FY25. Generation is up 3 per cent year-on-year (Y-o-Y) in Q3 on lower cooling demand and high base, to 429 billion units (BU). Peak demand was steady at 224 Gw in Q3FY25, a 10 per cent decline from the record highs of 250 Gw in May 2024.
Fundraising by Indian corporates through equity and debt reached all-time high in the calendar year 2024, according to primedatabase.com. The overall public equity fundraising stood at Rs 3.7 trillion in 2024, a rise of 159 per cent from Rs 1.4 trillion in 2023. If Rights Issues of Rs 25,973 crore were to be added, the overall equity fundraising would touch nearly Rs 4 trillion in 2024.
In a major commercial deal, Bharat Heavy Electricals Ltd has bagged five major contracts worth over Rs 2,700 crore from India's largest power utility National Thermal Power Corporation.
Making a statement in the House "regarding an avalanche in Chamoli District of Uttarakhand", the Union minister said these inputs were based on the information received till Monday 5 pm from the state government.
Other members include former Central Bank of India chairman and managing director Homai A Daruwala, former bureaucrat of the Madhya Pradesh cadre Prashant Mehta and RGPPL's managing director R K Srivastav.
After subdued earnings in the first half amid global headwinds, India Inc is taking a cautious approach on their capital expenditure (capex) for the second half of the financial year ending March 2025, according to management commentary. Minutes from the October monetary policy meeting show the Reserve Bank of India's (RBI's) optimism about private investments picking up.
From the 30-share blue-chip pack, Zomato surged over 7 per cent. Maruti, ITC Hotels, ITC, Mahindra & Mahindra, Asian Paints, Titan and IndusInd Bank were among the biggest gainers. Power Grid, Larsen & Toubro, NTPC, UltraTech Cement, HCL Tech, Tech Mahindra, Infosys and Adani Ports were among the laggards.
Power major NTPC on Friday said it plans to foray into nuclear power generation.
The power ministry has got an assurance from the government that its company will be duly compensated.
Microsoft's Indian-origin CEO Satya Nadella, in communication with employees, said the company will align its cost structure with revenue and customer demand.
Abolition of import duty on naphtha under the government's stimulus package has come as a much-awaited breather for power projects running on dual-fuel.
NTPC Ltd and GAIL India Ltd may have to pump in more money into the Dabhol power plant after an official panel monitoring the progress of the beleaguered project decided to limit lenders' commitment to Rs 455 crore (Rs 4.55 billion).
Among the 30 Sensex companies, Power Grid, Axis Bank, State Bank of India, Bajaj Finserv, Reliance Industries and NTPC were the biggest gainers. Tech Mahindra, Infosys, Wipro, HCL Technologies and Titan were among the laggards.
With eyes set firmly on becoming a multi-national company by 2017, state-owned National Thermal Power Corporation is planning to foray into the Middle East market with two projects in Saudi Arabia and Oman.
Rescue teams on Saturday began widening a hole drilled into an approach tunnel on the way to the possible location of over 30 people trapped inside a sludge-choked tunnel of the NTPC's Tapovan-Vishnugad hydel project after a flash flood ravaged the area on Sunday.
The company has set a target of adding at least 1,000 MW of power through renewable energy sources by the end of the next plan period (2012-17), sources said.
The Power Ministry is believed to have instructed state-run NTPC to sign a gas supply deal with Mukesh Ambani-led RIL to lift government allotted quota, while favouring that marketing margins be decided by the Oil Ministry instead of the supplier.
State-owned National Thermal Power Corporation said on Tuesday that it received 13 bids, including 11 from overseas companies, for constructing the main dam for its 800 MW hydropower project.
