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Electricity distribution companies are showing better payment habits. This is helping power generators receive payments on time. Key operational metrics have improved significantly. The gap between costs and revenue has narrowed. Technical and commercial losses have also fallen. The sector reported its first profit in years. However, performance varies across states. View More
New Delhi: Recent improvements in the payment discipline of state-owned electricity distribution companies (discoms) are supporting near-term cash flow visibility for power generators , although the sustainability of these gains will depend on continued reform support from the central government and progress in addressing structural weaknesses in the sector, according to Moody's Ratings . The ratings agency said the distribution sector has shown a marked improvement in key operational metrics in recent years. The gap between average cost of supply and average revenue realised (ACS-ARR) narrowed sharply to Rs 0.06/unit in FY25 from Rs 0.69/unit in FY21, while aggregate technical and commercial losses fell to 15% from 21.9% over the same period. The sector also reported a consolidated profit after tax of around Rs 27 billion in FY25, the first such profit since the unbundling of State Electricity Boards. However, the performance remains uneven across states. The agency said that 20 out of 31 states continue to report ACS-ARR gaps above the state discom average, while only Gujarat and West Bengal have accumulated surpluses. According to the report, the late payment surcharge rules introduced in 2022 have strengthened payment discipline and cut receivables pressure for power generators. .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)
TAM on power exchanges provides products allowing participants to buy or sell electricity on a term basis for up to 90 days View More
The company’s decision to use expensive NMC cells instead of industry-standard LFP chemistry for its lithium-ion batteries has led to a massive revenue shortfall and slowdown in its home energy storage business. View More
IMAX has held "preliminary talks" through intermediaries, but no official pitches have been made directly by the company, a source told CNBC. View More
In this articleIMAXFollow your favorite stocksCREATE FREE ACCOUNT An Imax private screening for the movie "First Man" at an AMC theater in New York on Oct. 10, 2018.Lars Niki | Getty Images Entertainment | Getty Images Shares of premium theater company IMAX jumped after the closing bell Thursday following a report that it's exploring a sale.A source familiar with the company told CNBC that it has held "preliminary talks" through intermediaries, but no official pitches have been made by the company. IMAX's longtime bankers occasionally test the waters for potential interest, said the person, who spoke on the condition of anonymity due to the confidential nature of the discussions.The Wall Street Journal first reported the potential sale process. The stock was up roughly 10% in extended trading. CEO Rich Gelfond recently returned to work after taking temporary medical leave to undergo treatment for pneumonia. Gelfond told shareholders back in December that he was open to a potential sale of the company. He said at the company's investor day that IMAX is "an incredibly valuable player, either as a wholly differentiated publicly-traded company or as part of a larger company with the keys to unlock even greater value and our strong business worldwide.""We're very excited about all of those possibilities. And we're going to run our business to maximize value in every possible way," Gelfond said. IMAX has become the premiere vendor of premium experiences in the theatrical space. Last year, the company generated a record $1.28 billion at the global box office, a more than 40% increase over 2024 and 13% higher than its previous record set in 2019.Meanwhile, premium large format, or PLF, screens continue to grow in popularity. In 2025, PLF screens accounted for 16.3% of domestic ticket sold, averaging $16.88 a piece. That's up from around 14% of tickets sold in 2021 at an average of $15.42 each, according to data from EntTelligence. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.
Patratu Vidyut Utpadan Nigam Limited has started trial runs for its second 800 MW power unit. This boosts the project's capacity to 1,600 MW. The NTPC group's total installed capacity now exceeds 90 GW. Jharkhand will receive 85 percent of the power generated. Unit-3 is under construction and expected by FY27. View More
Ranchi: Patratu Vidyut Utpadan Nigam Limited (PUVNL), a joint venture between NTPC Ltd and Jharkhand Bijli Vitran Nigam Ltd , has commenced trial operations of the second 800 mw unit at its Patratu Super Thermal Power Project , taking the project's total installed capacity to 1,600 mw. With the latest addition, the total installed capacity of the NTPC group has crossed the 90 GW mark, the company said in a statement. PVUNL CEO Ashok Kumar Sehgal said 85 per cent of the power generated from the project has been allocated to Jharkhand, which would help strengthen the state's energy security and support industrial growth. "With the commissioning of Unit-2, PVUNL has emerged as a transformational project for Jharkhand's energy landscape," he said. The company said Unit-1 of the project began commercial operations in November 2025, while Unit-2 achieved full load in March 2026 before entering successful trial operations on May 11. Live Events RECOMMENDEDSTORIES FOR YOUIs India Inc's CSR truly driving systemic change or just shifting funds?India-UAE energy agreement: This Emirati strategy has power PVUNL generated 2,062.90 million units of electricity during the 2025-26 financial year, it said. Work on Unit-3 is currently underway and is targeted for commissioning in FY27, it added. According to the company, the project uses ultra-supercritical technology, air-cooled condensers and a 100 per cent dry ash handling system to improve efficiency and minimise environmental impact. .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)
India's electrical equipment industry is on the brink of a transformative surge. Projections indicate that by 2035, the nation could produce $235 billion worth of electrical goods, with exports surpassing $60 billion. This optimistic forecast is fueled by advancements in technology and competitive pricing strategies. View More
Mumbai: India’s electrical equipment industry could emerge as a major global manufacturing and export hub by 2035, with domestic production potentially reaching between $195 billion and $235 billion, according to a new report released by McKinsey & Company. The report, titled Wired for Growth: India’s Electrical Equipment Opportunity, projects that exports from the sector could exceed $60 billion, while domestic consumption may grow to $170–205 billion over the next decade. India’s electrical equipment industry, which spans power generation, transmission and distribution, storage, grid management, and end-use applications, is expected to grow at an annual rate of 11–13%. The report attributes this growth to improving cost competitiveness, stronger technological capabilities, and rising export potential. Also read | Man Industries strengthens India’s global footprint with ₹981 crore Saudi pipe company takeover According to the report, India’s domestic electrical equipment market reached $59 billion in FY2025, growing at 11% CAGR over the past five years. However, import dependence also increased significantly — from 22% in 2020 to 33% in 2025. Live Events Amit V Gupta, Senior Partner at McKinsey & Company and co-author of the report, said India has already demonstrated global leadership in sectors such as IT services and auto components, and a similar strategy could help transform the country into a global player in electrical equipment technologies. The report adds that without significant intervention, India’s import dependence in the sector could exceed 70% by 2035, resulting in a production shortfall of more than $130 billion. To avoid this, the country would need to scale domestic manufacturing capacity nearly fivefold from current levels. Also read | L&T opens India's largest skill training institute in PM Modi's hometown Vadnagar And this can be achieved by localization opportunities in key segments such as power electronics, batteries, solar photovoltaic (PV) cells and modules, and electrical subcomponents. Domestic demand for power electronics alone could surpass $17 billion by 2035, the report added. The study also emphasized India’s potential to capture over 7.5% of global exports in sectors like solar PV and transformers by 2035, supported by stronger export infrastructure, improved competitiveness, and innovative service-based business models. Bhavesh Mittal, Partner at McKinsey & Company, said that India must rapidly expand domestic manufacturing in areas such as power electronics, AC compressors, and the solar value chain to avoid future supply vulnerabilities, adding that “business-as-usual will not be enough". The report added that India’s early success in subsea cables and renewable energy equipment demonstrates the country’s potential to become globally competitive in high-growth segments. .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)
The Indian stock market showed little change today, with major indices giving up early gains due to profit booking. The Nifty 50 and Sensex closed down, while broader market indices also followed suit. Oil prices fell amidst geopolitical developments, contributing to cautious market sentiment. View More
India’s stock market is set for a wave of IPO lock-in expiries over the next three months, with shares worth $34 billion from 73 recently listed companies becoming eligible for trading, according to Nuvama Alternative & Quantitative Research. The expiry only makes these shares tradable and does not necessarily mean shareholders will sell them. View More
The Indian stock market will see a surge in IPO lock-in expiries over the next three months, with shares of 73 newly listed companies worth $34 billion becoming eligible for trade when their mandatory shareholder lock-in periods expire, according to Nuvama Alternative & Quantitative Research. The value represents the worth of the total number of shares freed up for trade after lock-in periods of different time frames expire. However, it is worth noting that this only implies that they will become eligible for trade and doesn't imply that they will necessarily be sold in the primary market. The first set of lock-in expiries among the pack will begin on May 20 (Wednesday) with Emmvee Photovoltaic Power , Fujiyama Power Systems , and Capillary Technologies, whose six-month lock-in periods are set to expire. The three stocks had been listed on the stock exchanges NSE and BSE back in November 2025. Next, 30 lakh shares of Gaudium IVF and Women Health will be free for trade after the three-month lock-in period expires on May 26 (Tuesday), following their listing in February this year. India’s secondary market will see three lock-in expiries on May 27 (Wednesday). Around 40 lakh shares of Clean Max Enviro Energy Solutions worth $58 million will become eligible for trade after the three-month lock-in period expires. Sudeep Pharma and Borana Weaves will meanwhile undergo six-month lock-in expiries. Around 20 lakh shares of PNGS Reva Diamond Jewellery worth $8 million will see their three-month lock-in periods expire on May 29, before the month ends. Live Events June will begin the three-lock-in expiries on the first day itself - Omnitech Engineering (40 lakh shares worth $16 million), Belrise Industries (47.1 crore shares worth more than $1 billion), Enviro Infra Engineers (3.7 crore shares worth $73 million) and Leela Hotels operator Schloss Bangalore (18.7 crore shares worth $799 million). Wakefit Innovations lock-in expiry Wakefit Innovations will see 40 lakh shares worth $6 million become eligible for trade on June 3, while another 16.1 crore shares worth $231 million will free up for trade on June 12, according to Nuvama. Sedemac Mechatronics will undergo a one-month expiry, and Aegis Vopak Terminals will undergo a six-month lock-in expiry on June 8. Around 14.6 crore shares of Aequs, worth $298 million, will meanwhile free up for trade on June 9. Meesho lock-in expiry More than 308 crore shares of Meesho worth over $6 billion will be free for trade as the six-month lock-in period expires. The stock made a strong market debut in December last year, listing with 46% premium over the IPO price at Rs 162 apiece on NSE. The shares of the retailer quickly rallied 57% to hit a 52-week high level of Rs 254.40 apiece, the same month. However, the stock has erased all gains and is significantly below the listing price, trading near Rs 193 apiece. Along with Meesho, ICICI Prudential AMC and Suraksha Diagnostic shares will also undergo lock-in expiries. India’s secondary market will see several other IPO lock-in expiries in June. These include Vidya Wires , Corona Remedies , Ikio Lighting , Park Medi World , Nephrocare Health Services, Vishal Mega Mart, Sai Life Sciences, Inventurus Knowledge Solutions, One Mobikwik Systems, and GSP Crop Science, according to Nuvama. Take a look at all the lock-in expiries taking place in the next 30 days, according to the report. ETMarkets.com ETMarkets.com While $34 billion worth of lock-in expiries grabs eyeballs, Nuvama highlighted that not all of these shares will come for sale as a sizable portion of these shares are also held by promoters and promoter groups. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) .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)
Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement. View More
MUMBAI: Reliance Industries , NTPC , Adani Power and Lalitpur Power Generation Company have earmarked total investments of Rs 6.5 lakh crore in the nuclear energy sector in Maharashtra, aiming to add 25.4 GW of power generation capacity through projects that are expected to create about 123,000 jobs. Reliance Industries will invest Rs 2 lakh crore to develop 7,200 MW of nuclear capacity. Adani Power has outlined Rs 1.5 lakh crore for 6,000 MW projects, while state-run NTPC will invest Rs 1 lakh crore in building 7,200 MW capacity. Lalitpur Power Generation Company, part of the Bajaj Group, will invest Rs 2 lakh crore for 5,000 MW capacity, according to a Maharashtra government statement. The government on Tuesday signed memoranda of understanding (MoUs) with NTPC, Adani Power, Reliance Industries, and Lalitpur Power Generation Company for the projects. Also Read: I Squared to pump $1 billion into power grid assets The push for nuclear energy is being driven in part by rising electricity demand from emerging sectors such as AI and data centres, which is expected to exponentially drive power demand in Maharashtra in the coming years. Industry leaders globally, including hyperscalers, are increasingly turning to nuclear power for its ability to provide stable, round-the-clock clean energy. Live Events Also Read: Industry wants to build nuclear reactors in India, possible with SHANTI Act: US delegate The Maharashtra government is also in talks for setting up thorium-based nuclear power plants by replacing old thermal power plants which have lost their efficiency. Two such plants - a 1540 MW thorium plant, and another two 220 MW plants are being planned. The state government is in advanced talks with the Nuclear Power Corporation of India and the Department of Atomic Energy for this venture. .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)