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Do Adanis woes matter for Indias clean energy transition?

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It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion. When the bidders for India’s multibillion-dollar incentive to make solar components were announced in early March, the absence of corporate behemoth Adani Group was conspicuous. Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day.

A spokesperson for the company confirmed that operations have been halted for an indefinite period of time, as reported earlier by CNBC. The remaining 15% of employees will be tasked with winding down the business, according to the spokesperson. Metal stocks like National Aluminium Co, Steel Authority of India, Hindalco Industries, Jindal Steel & Power and Tata Steel are falling in trade. Crompton Greaves Consumer Electricals falls over 2% in trade today. Reports suggest that 23.8 lakh shares (0.4%) of the company, amounting to Rs 66.9 crore, change hands.

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Navin Fluorine is rising as its machine learning & its applications Navin Fluorine Advanced Sciences sets up a Rs 450 crore hydrofluoric acid plant with a capacity of 40,000 tonnes per annum at Dahej, Gujarat. Krsnaa Diagnostics is rising as it bags a project worth Rs 450 crore in a consortium with Telecommunications Consultants India. The project will provide lab services under the free diagnostics initiative of the National Health Mission. Find Formation Geometry Hybrid Orbitals Sp3 Sp2 stock images in HD and millions of other royalty-free stock photos, illustrations and vectors in the Shutterstock collection.

But there is a major correction ahead for the stock broking firm in the current fiscal, according to its founder and chief executive officer Nithin Kamath. The Cygnus spacecraft will remain at the space station until November before its destructive reentry into Earth’s atmosphere, disposing of about 1,360.7 kg of trash, according to NASA. Astronauts aboard the space station are exposed to space radiation that can reduce immune response, increase cancer risk, and interfere with electronics.


Investing in stocks requires careful analysis of financial data to find out a company’s true worth. However, an easier way to find out about a company’s performance is to look at its financial ratios. This will be different from the traditional way of launching fuel-based rockets vertically, and it’s also said to be a less expensive and environmentally sustainable alternative, according to SpinLaunch. The company successfully demonstrated its first prototype of its suborbital accelerator last month near Spaceport America in New Mexico. Space startup SpinLaunch has developed a prototype of a very unique and different kind of launchpad to shoot rockets into orbit. It’s a suborbital accelerator that’s even taller than the Statue of Liberty and looks like a giant-sized rolling tape.

Last month, the Indian Space Promotion and Authorisation Centre (IN-SPACe) launched a commercial mission from the Satish Dhawan Space Centre. Reliance Retail, WH Smith, a consortium led by Boston-based restructuring firm Gordon Brothers, and April Moon Retail, in which Adani Group owns a stake, are among 49 contenders that have submitted expressions of interest for Future Retail Ltd. Under NASA’s commercial resupply services contract, Cygnus carried about 2,400 kg of supplies and science experiments for the ISS, Xinhua news agency reported. The two-stage booster, powered by new engines from Russia and carrying a Cygnus cargo ship, blasted off on Monday at 7.45 p.m. EDT (5.15 a.m Tuesday, India time) from Virginia’s Wallops Flight Facility. On its 12-year journey, Lucy will fly by a record breaking number of asteroids and survey their diversity, looking for clues to better understand the formation of the solar system.

Tata Power Renewable Energy reports standalone net loss of Rs 29.02 crore in the December 2022 quarter

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. The book value of a stock is theoretically the amount of money that would be paid to shareholders if the company was liquidated and paid off all of its liabilities. – U.S. equities were higher at the close on Tuesday, as gains in the Oil & Gas, Basic Materials and Financials sectors propelled shares higher. – U.S. equities were mixed at the close on Monday, as gains in the Utilities, Telecoms and Consumer Goods sectors propelled shares higher while losses in the Oil & Gas,… – U.S. equities were mixed at the close on Tuesday, as gains in the Oil & Gas, Basic Materials and Financials sectors propelled shares higher while losses in the Healthcare,… – U.S. equities were higher at the close on Wednesday, as gains in the Oil & Gas, Telecoms and Utilities sectors propelled shares higher. – U.S. equities were higher at the close on Wednesday, as gains in the Oil & Gas, Basic Materials and Financials sectors propelled shares higher.

Orbital Energy Group, Inc. Tops Q1 EPS by 4c

What appears to have changed, at least in the short term, is the group’s ability to raise funds for its ambitious expansion plans. Adani is still working on existing renewables projects but not those in the pipeline. France’s TotalEnergies paused a $4 billion investment plan to develop green hydrogen with the Adani Group. It’s also not bid for any new projects since the Hindenburg report. The Adani Group, led by founder Gautam Adani, influences the lives of millions in India. It builds roads and runs airports, operates some of its biggest ports, makes defense equipment, and sells cooking oil.


5 stocks made 52-week highs, while 44 stocks were underachievers and hit their 52-week lows. Caplin Point Laboratories Ltd. (631.50, 3.42%) was trading at 22.1 times of weekly average. UTI Asset Management Company Ltd. (637.15, -1.78%) and Cochin Shipyard Ltd. (460.20, 3.65%) were trading with volumes 13.1 and 11.1 times weekly average respectively on BSE at the time of posting this article.

GMR signs pact to operate Karnataka’s Bidar Airport

Terran Orbital Corporation manufactures, owns, and operates satellites and related space-based solutions that provide earth observation, data and analytics to defense, intelligence, civil, and commercial end users in the United States. The company operates through two segments, Satellite Solutions and Earth Observation Solutions. It also focuses to provide secondary payload solutions and onboard data processing capabilities on its satellite constellation, including sensors, optical links, or other mission solutions.

space station

Gold prices hit an all-time high in India, surpassing the Rs 60,000 per 10-gram mark. Nifty 50 closed at 16,988.40 (-111.7, -0.7%), BSE Sensex closed at 57,628.95 (-361.0, -0.6%) while the broader Nifty 500 closed at 14,317.10 (-103.8, -0.7%). Of the 1,982 stocks traded today, 489 were on the uptrend, and 1,448 went down. GMR Airports Infrastructure Limited [formerly known as GMR Infrastructure Limited ], a subsidiary of GEPL is engaged in development, operation and maintenance of airports along with offering integrated security solutions. The project involves design, build, finance, construction, development, operation and maintenance of Greenfield International Airport at Bhogapuram for the period of 40 years. Rocket Lab USA Inc shares has a market capitalization of $ 2.537 B.

Nifty Smallcap 100 and Nifty Midcap 100 closed in the red, following the benchmark index. When autocomplete results are available use up and down arrows to review and enter to select. GMR Power and Urban Infra Limited , a subsidiary of GEPL holds expertise in the sectors of Energy, Urban Infrastructure and Transportation.

The company said the new funding would help it expedite the production of its hyperspectral satellite constellation and offer newer artificial intelligence -powered insights. The company is nearing a technology demonstration launch of its own indigenous rocket, Vikram, later this year. It’s targeting the first orbital launch of Vikram 1 around mid-2022.

The is only a test-bed for the final product, the Orbital Launch System. The company plans on conducting regular test flights with a variety of vehicles and different launch vehicles throughout 2022. It plans to conduct around 30 suborbital test flights from Spaceport America. As for the final Orbital Launch System, it is still in the works and there’s no confirmed launch timeline for it yet. The LauncherOne rocket experienced a problem with a fuel filter during the flight and was unable to reach orbit, resulting in the loss of nine small satellites.

Selling genuine certified products, guaranteed lowest prices / ex-stock door delivery to our customers. Price to Book Value Ratio (P/BV) – It compares a firm’s market capitalization to its book value. A high P/BV indicates markets believe the company’s assets to be undervalued and vice versa. To know what’s moving the Indian stock markets today, check out the most recent share market updates here. With these exciting developments, the Indian space tech industry is at the early stage of a space revolution.

2022: A Turning Point For Orbital Energy Group (NASDAQ:OEG) – Seeking Alpha

2022: A Turning Point For Orbital Energy Group (NASDAQ:OEG).

Posted: Fri, 27 May 2022 07:00:00 GMT [source]

Runaway black hole rockets through space, leaving behind trail of newborn… Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement. Spacetech also covers research and development of new technologies, new applications for existing technologies, and improvement of technologies for existing space systems.

  • It estimates the firm’s profit to grow at a CAGR of 16.1% over FY22-25.
  • Yes, you can buy Terran Orbital Corp shares in India by simply opening an account with Scripbox.
  • Pixxel’s satellite constellation can provide global coverage every 24-hours, to detect, monitor, and predict global phenomena.
  • The package includes 1 desk pendulum, USB cable & instruction manual .

These Earth flybys provide Lucy with the speed required to reach the Trojan asteroids – small bodies that orbit the Sun at the same distance as Jupiter. Lucy spacecraft also captured an image of the Earth and the Moon from a distance of 1.4 million km. To reach these distant asteroids, the Lucy spacecraft’s trajectory includes three Earth gravity assists to boost it on its journey to these enigmatic asteroids.

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