NTPC plans to acquire 5% equity stake in PXIL

04 Jan 2022 CW Team

Energy major NTPC is planning to acquire a 5% equity stake in Power Exchange of India Ltd (PXIL) that renders different electricity trading options, a senior authority told the media.

The PXIL is the nation's first institutionally promoted power exchange, which has been rendering several electricity trading solutions and linking buyers and sellers since 2008.

A senior authority told the media that NTPC has plans "to purchase up to 5% equity stake in PXIL. The decision has been taken considering the government's aim to boost the share market to 25% of the total electricity supply in India by 2023-24. NTPC cannot acquire over a 5% equity stake in the PXIL as it could additionally be a seller or buyer on the trading platform.

The government plans to raise the share of the spot power market in the total electricity supply in the nation to 25% by 2023-24. It is expected to be part of the draft National Electricity Policy (NEP). An expert group appointed by the Power Ministry has suggested developing the size of short-term power trading from about 5% presently to 25% by 2023-24. The power ministry is reportedly vetting the suggestion of the expert panel submitted in October 2021.

As per the Central Electricity Regulatory Commission (CERC), the share of the short-term market is estimated to be 10% of the total electricity acquired in 2019-20. The remaining 90% of the total power supply was acquired primarily by discoms through long-term contracts and short-term intra-state deals.

As per the industry data, short-term trading is about 14-15% of the total power supply in India, and most of that is bilateral PPAs (power purchase agreements) while the exchange trading is 5%. Government plans to boost this 5% to 25% by 2023-24.

Image Source

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..