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NTPC plans to develop nuclear power capacity using pressurised water reactor technology. Global consultants are invited to prepare tender documents and evaluate bids. This initiative follows the promulgation of the SHANTI Act, allowing private sector participation. NTPC aims to build thirty gigawatts of nuclear capacity on its own. The company is also exploring tie-ups with Rosatom and EDF for PWR projects. View More

New Delhi: NTPC plans to develop nuclear power capacity based on pressurised water reactor (PWR) technology and has invited expressions of interest (EoIs) from global consultants to prepare tender documents, evaluate bids and provide contract-award support for large-capacity projects. The last date for submission of EoIs is August 5. This is the first such EoI issued by a company since the promulgation of the SHANTI Act , enacted last December. The law allows private-sector participation in nuclear power generation for the first time and limiting equipment suppliers' liability, as part of its goal of achieving 100 GW of nuclear capacity by 2047. NTPC has announced plans to build 30 GW of this capacity on its own. It is already developing the Mahi Banswara Rajasthan Atomic Power Project through ASHVINI, a joint venture with the Nuclear Power Corporation of India. Last year, NTPC invited EoIs from global firms for collaboration on indigenising PWR technology and establishing large-capacity nuclear power plants with a target capacity of around 15 GW. The fully developed technology options available for large nuclear units in India are primarily pressurised heavy water reactors (PHWRs)- the country's only indigenous nuclear technology currently in use, and PWRs- the dominant reactor technology globally. India's largest power producer has also signed non-disclosure agreements with Russia's Rosatom and France's EDF to explore tie-ups on large PWR projects, as reported by ET in January. However, ET had earlier reported NTPC was also evaluating the deployment of PHWR technology. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

CERC flags difficulties faced by Central Transmission Utility of India in granting connectivity to renewable energy developers View More

In an advisory to distribution companies, the Central Electricity Authority (CEA) said that during the peak power demand season, instances of load-shedding—suspending electricity supply in certain areas when demand exceeds availability—are being reported in several parts of the country. View More

Stresses on systematic assessment of network loading, advance planning of augmentation works, preventive maintenance of critical assets, data-driven monitoring of distribution infrastructure, and strengthening of emergency response mechanisms View More

Indian stock markets rose on July 6, with benchmark indices gaining over 0.60%. The Nifty 50 closed 0.66% higher at 24,420, while Sensex advanced 0.67% to 78,236. HDFC Bank and Axis Bank drove gains, while Nifty Realty led sectoral increases with a 2% rise. View More

Focus will also be won GK Energy, Swelect Energy, CFF Fluid, Advent Hotels, Krystal Integrated, Enviro Infra Engineers, Sayaji Hotels, Ameenji Rubbe View More

Tata Power Renewable Energy Ltd (TPREL) has successfully commissioned its 100.8 MW Jewali Wind Project in Maharashtra, boosting its wind energy portfolio to over 3.9 GW. This new facility will supply clean electricity to Tata Power Mumbai Distribution, aiding in meeting renewable targets and significantly reducing CO? emissions. The project is a key step towards Tata Power's goal of 100% clean energy generation by 2045. View More

New Delhi: Tata Power Renewable Energy Ltd (TPREL) on Friday said it has successfully commissioned its 100.8 MW Jewali Wind Project in Dharashiv district , Maharashtra. The facility will supply electricity to Tata Power Mumbai Distribution, helping compliance with Renewable Purchase Obligation targets and supporting the transition to a more sustainable and environmentally responsible utility, it stated. The project comprises 28 SG 3.6-145 Wind Turbine Generators, based on advanced horizontal-axis wind turbine technology. The facility is expected to generate approximately 299 million units (kWh) of clean electricity annually. Also Read: Supreme Court stays Delhi government's CAG audit of power discoms Live Events The project is expected to offset nearly 245 million kg of CO₂ emissions every year, based on an estimated emissions reduction of 0.82 kg of CO₂ per unit of electricity generated, making a significant contribution towards decarbonisation and enhancing Tata Power's clean energy portfolio. With this commissioning, TPREL's wind energy portfolio now exceeds 3.9 GW, including more than 1.3 GW of operational capacity, with the balance under various stages of development across Rajasthan, Gujarat, Maharashtra, Andhra Pradesh, Karnataka, and Tamil Nadu. The project also advances Tata Power's long-term vision of achieving 100 per cent clean energy generation by 2045 and complements its expanding renewable energy portfolio. Also Read: India's coal-fired power output in June rises to highest since November 2023 With the addition of the Jewali Wind Project, TPREL's total renewable utility capacity has reached 11.6 GW. Of this, 6.7 GW is operational, including 5.4 GW of solar and 1.3 GW of wind capacity, while 4.9 GW is under various stages of implementation. The under-construction portfolio comprises approximately 2.1 GW of solar, 2.6 GW of wind projects and 0.2 GW of BESS, which are expected to be commissioned in phases over the next 6-24 months. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)

Electrification secured $2.4 billion in data center equipment orders during the first quarter of 2026, beating the segment's total for all of 2025. View More

For more than a year, GE Vernova 's rally has been fueled by one narrative: hyperscalers' insatiable appetite for its gas turbines to supply power to data centers. Look past the headlines, however, and you'll find a lesser-known part of the company that is quickly emerging as a critical piece of the AI buildout. GE Vernova's electrification division, which manufactures the transformers, switchgear, and grid software required to connect data centers to the broader electrical grid, has quietly become the company's fastest-growing business. In the first quarter of 2026, the segment booked $2.4 billion in data center equipment orders, exceeding the total for fiscal year 2025. "[It] doesn't get talked about enough," said Jeff Marks, the Investing Club's director of portfolio analysis. "Everyone thinks of the company as a heavy-duty turbine business, but modernizing the grid to support an increasingly electrified world presents a significant opportunity." Electrification accounted for nearly 32% of overall revenue last quarter. Power, which makes the popular gas turbines that support the AI buildout, is the company's largest segment, bringing in over 53% of revenue. Meanwhile, wind is the smallest and accounted for about 15% last quarter. Much of that comes from sales of offshore and onshore wind turbines. However, electrification has quietly ballooned into a juggernaut with a $42 billion backlog, up from just $9 billion at the end of 2022. For comparison, GE Vernova reported a total backlog of $163 billion at the end of the March quarter, but expects that figure to hit $200 billion by the end of 2027. Driving that growth is the accelerating demand for electricity, following nearly two decades of relatively flat growth. While modernizing an aging grid and manufacturing reshoring play a part, the AI boom is causing the most significant spike in power demand. Consulting firm ICF forecasts a nearly 39% jump in U.S. electricity demand by 2035 as a result. That's because tech companies are investing billions to build out energy-intensive data centers to meet their AI ambitions. Club holdings and hyperscalers Meta Platforms , Alphabet , Amazon , and Microsoft have all aggressively raised capital expenditures to keep pace in the heated AI arms race. Rather than generating power (the job of those aforementioned gas turbines within the power division), the electrification business builds the infrastructure needed to transport electricity from where it is generated to where it is consumed. "There is a terrific demand from the hyperscalers to get connected faster than the power utilities are capable of doing," GE Vernova electrification CEO Philippe Piron told CNBC in an interview. GE Vernova further expanded its electrification business in February by acquiring the remaining stake of transformer manufacturer Prolec for $5 billion. Transformers act as the vital link to these data centers, fueling a massive wave of new orders for the segment. GE Vernova can now better compete with the likes of Siemens and Hitachi . It's a huge opportunity for GE Vernova because electrical transformers are currently among the most sought-after pieces of equipment. Lead times for large power transformers can stretch for years due to unprecedented energy demand. Piron explained the benefits of acquiring Prolec, calling it "a very important move" for GE Vernova, given that transformers are "one of the workhorses" of electrification solutions. And by owning Prolec outright, GE Vernova gains full control over all of its factories. Management can, in turn, control its supply chain more closely, expand production capacity, and improve lead times without having to navigate a joint-venture board. Piron said that since the acquisition announcement, Prolec's load backlog has "elevated rapidly." It's not the first time GE Vernova has adapted its business to curry favor from Wall Street. After years of the market underappreciating the business when it was a part of General Electric, GE Vernova spun off as a stand-alone entity in April 2024. Since then, investors have treated the industrial stock as a pick-and-shovel AI play instead of a lagging conglomerate. Wall Street quickly recognized that Big Tech players' aggressive spending on data centers would benefit the power division. In fact, the stock has jumped over 694% since going public a little over two years ago and has gained almost 70% in 2026 alone. GE Vernova shares have surged this year on a series of monster quarterly earnings beats and positive analyst calls as sales for that crucial power division continue to climb. "This one may be one for the ages," Jim Cramer said after GE Vernova's beat-and-raise quarter in April, where power revenue jumped 10% for the three-month period and topped expectations. CEO Scott Strazik said the current quarter was off to a strong start as well. "Quarter to date, we have booked more power equipment orders in terms of value than we did in all of Q1 2026," he said. The stock jumped nearly 14% on the print. Barclays, Goldman Sachs, Jefferies, Baird, Guggenheim, TD Cowen, Oppenheimer, and other firms came out and raised their price targets on the Club holding in the days that followed. Guggenheim pointed to "strong order growth" in power and said that GE Vernova has the potential to return "substantially more capital to shareholders than the market currently appreciates." Mizuho analyst Maheep Mandloi said that while turbines remain the top draw for most investors, "we're definitely seeing more interest in electrification," Mandloi told CNBC. "On the turbines, they are pretty much sold out until 2028. There's not much upside to the revenue estimates through 2030," he said. "Electrification, on the other hand, has potential upside [to the company's guidance and estimates]." The power division gained even more recognition last month. The stock rose roughly 2% on June 22 after investors learned that GE Vernova's natural gas turbines would power a long-term energy purchase agreement between Microsoft and Chevron . That's a boon for sales in the power business. Bernstein analyst Sunaina Ocalan called the announcement "just another proof point of the enormous power demand that we're seeing" amid the AI boom. " Higher demand is driving better pricing power for GE Vernova that is translating into margin expansion," Ocalan told CNBC. And as AI adoption skyrockets, these data centers will require even more power. Good news for investors: GE Vernova is wisely positioning itself to capitalize on the trend. Beyond selling Prolec transformers for grid connectivity, the company is designing more advanced solutions to keep pace with the evolving industry. Data centers operated by hyperscalers typically consume 20 to 100 megawatts of power. However, as AI workloads become more energy-intensive and facilities grow in size, some are reaching capacities of 1 gigawatt or more. One gigawatt is equivalent to 1,000 megawatts, which can power roughly 750,000 to 1 million households. Meta announced in March that its El Paso data center will expand to 1 gigawatt. Piron said GE Vernova is just "at the beginning" of the company's plan to capitalize on this trend, though. "Most of our orders have been up to now very much bullish on the grid connectivity, but the power stability and the power distribution are going to see big momentum in the coming years," he added. "When you are starting to get data centers above 1 gigawatt, then you are entering into a new domain where what was applicable before cannot be any longer. And that's where we are bringing a solution." One new solution? GE Vernova announced the rollout of GridOS for Transmission in early June. It is used to help data center operators transmit more power over existing lines without waiting to build new physical infrastructure. Bottom line GE Vernova's power business is a primary reason we took a position in the stock. But the electrification division and its explosive growth are the icing on the cake. It is highly encouraging to see yet another segment within the manufacturer thrive. It really seems like GE Vernova's order growth couldn't get any stronger. That's with the exception of its wind division, which remains by far its smallest in terms of revenue. The fundamentals for GE Vernova remain outstanding, as do those underpinning the AI boom. The company's massive backlog and the persistent demand for both its turbines and electrification solutions remain unmatched. Its dominance in energy markets also gives the company enormous pricing power. After all, roughly 25% of the world's electricity comes from GE Vernova. The Club has a buy-equivalent 1 rating and a $1,300 price target, implying a more than 14% upside from Wednesday's close. (Jim Cramer's Charitable Trust is long GEV, AMZN, MSFT, META, GOOGL. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

TMC Transformers is set to launch an Initial Public Offering (IPO) aiming to raise up to Rs 550 crore. The funds will primarily finance a new Extra High Voltage transformer manufacturing facility in Gujarat. The company, a leader in specialized traction transformers for Indian Railways, boasts impressive revenue growth and strong profit margins, highlighting its robust manufacturing capabilities and market position. View More

TMC Transformers (India), a manufacturer of power and traction transformers, has filed draft papers with the capital markets regulator Sebi to raise up to Rs 550 crore through an IPO. The proposed IPO comprises an entirely fresh issue of equity shares with a face value of Rs 10 each. The company may also undertake a pre-IPO placement of up to Rs 110 crore before filing the red herring prospectus, which would reduce the size of the fresh issue accordingly. The company plans to utilise the IPO proceeds primarily to fund capital expenditure for setting up a greenfield Extra High Voltage (EHV) transformer manufacturing facility at Halol, Gujarat, with an aggregate installed capacity of 78,000 MVA. The remaining funds will be used to meet incremental working capital requirements and for general corporate purposes. TMC Transformers follows an integrated, design-led manufacturing model and offers a wide range of products, including oil-filled transformers of up to 160 MVA, dry-type transformers up to 20 MVA/36 kV, and compact substations up to 3 MVA/36 kV, catering to customer-specific requirements. The company serves a diversified customer base across high-growth sectors such as railways, renewable energy, metro rail, industrials and power distribution utilities (discoms). Live Events According to a CRISIL report cited in the draft papers, TMC Transformers is the only transformer manufacturer in India certified by the Research Designs and Standards Organisation (RDSO) for all classes of transformers required for 2×25 kV traction substations used by Indian Railways. It is also one of only two Indian manufacturers approved by RDSO to manufacture 100 MVA/220 kV Scott-connected traction transformers, and the first and only manufacturer approved for 100 MVA/230 kV Scott-connected traction transformers for high-voltage railway electrification projects. The company has also emerged as one of the fastest-growing transformer manufacturers in India, with revenue from operations growing at a compound annual growth rate (CAGR) of 29.83% between FY24 and FY26, according to the CRISIL report. It also reported the highest gross profit margin among its peers, at 43.01% in FY26 and 38.57% in FY25, reflecting its strong execution capabilities, backward integration and cost efficiency. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel) (You can now subscribe to our ETMarkets WhatsApp channel)

The Council of Economic Advisers has provided the president with information and advice on both domestic and international economic policy since 1946. View More

Pierre Yared, acting chair of the Council of Economic Advisers, speaks to members of the media during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Tuesday, Feb. 24, 2026. Graeme Sloan | Bloomberg | Getty Images Pierre Yared is leaving his role as the acting chairman of the White House's Council of Economic Advisers, President Donald Trump said Tuesday.Yared, who has served in the role since September, "is returning to Columbia Graduate School where he is greatly respected by all," Trump said in a Truth Social post.Yared "and his team of 'Brainiacs' at the CEA have worked around the clock to Make America WEALTHY Again — with Great Success!" Trump wrote. "I want to thank Pierre for his terrific service to our Country, and wish him and his wonderful family all of the best for a healthy and happy future."Yared has held the title of Professor of International Business for the economics division of Columbia Business School, which he joined in 2007, according to the school's website.CNBC's efforts to reach Yared through the phone and email associated with him at Columbia were not immediately successful.The Council of Economic Advisers has provided the president with information and advice on both domestic and international economic policy since 1946.It was not immediately clear who would succeed Yared. The CEA's official website still lists Yared as acting chairman, and notes that Aaron Hedlund, a research fellow at the Federal Reserve Bank of St. Louis, serves as Member. Read more CNBC politics coverageTrump bought as much as $5 million in Axon stock before ICE sought Taser dealSupreme Court upholds birthright citizenship, blocks Trump orderLobbyists push House panel to block a ban on defense contractors buying back stock Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.