Manikaran Power Limited. Details

Manikaran Power Limited. News

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  Meta Platforms strikes geothermal energy deal to power US data centers

  Meta has partnered with Sage Geosystems to acquire geothermal power for its U.S. data centers. The 150-megawatt project, set to commence by 2027, aims to support Meta's growing AI infrastructure. This collaboration signifies a substantial advancement in geothermal energy in the U.S., highlighting Meta's commitment to sustainable energy sources.

  

  Hybrid may lose pull as clean power builds storage, says SECI chief

  SECI is getting a lot of interest as states and distribution companies realize the implications of non-compliance of renewable purchase obligations, the agency's chief said. More interest is expected from states as prices of storage and demand-based auctions get more attractive, Gupta said, adding that the demand in the future will also depend on the establishment of renewable power as a reliable source of energy.

  

  SECI to issue up to 20 GW of green energy tenders in FY25

  The Solar Energy Corporation of India planned to auction up to 20 GW of renewable energy capacity in the current fiscal year. This move was part of the country's strategy to achieve 500 GW of renewable energy by 2030. Last year witnessed the auctioning of over 50 GW, slightly above the set goal.

  

  4 sectors Mahesh Patil is bullish on for near term

  ​The initial buoyancy, what we saw last year, I think there is some kind of a normalisation over here. On the other hand, on the rural, the bottom of the pyramid, which was really weak for the last one-and-a-half years that is seeing some green shoots because there the base is also kind of favourable if you look at for the last two years.

  

  Fund Managers pick cement, power, niche growth plays

  In July, fund managers turned cautious as the Nifty 50 crossed 25,000 and mutual fund inflows remained strong. They focused on large-cap stocks in sectors such as infrastructure, cement, and power, choosing companies with reasonable valuations and growth potential. Significant cement acquisitions led to a favorable outlook for stocks like ACC.