After its failed persuasion to seek the Nuke deal like India with the US, Pakistan resorted for a different route when it planned to seek the same though this time from a different source. China seems to come to Pakistan’s aid this time with its bid to set up10 new atomic power plants in the forthcoming two decades.

State-run Power Finance Corporation has informed that the Board of Directors of the Company at its meeting has given approval to participate in the equity of Power Exchange India Ltd (PXI) up to 7% share capital of PXI not exceeding Rs 1.75 crore.

PXI is a company promoted by NSE and National Commodity and Derivatives Exchange (NCDEX), for setting up power exchange to provide electronic, transparent and neutral platform for trading of electricity.

Apart from this, PFC may also participate as a Professional Clearing Member in PXI.

Tata Power Company (TPCL), India's largest private sector utility power provider, has signed an agreement with State-run electricity major Damodar Valley Corporation
(DVC), to jointly explore options for capacity expansion, coal mining and establishing a research and development (R&D) facility.

Both firms also plan to increase the capacity of Maithon Power Limited (MPL) by over two-fold.

MPL is a joint venture between Tata Power and DVC, with Tata holding 76% stake.

Stock market analysts have maintained ‘buy’ rating on Reliance Power Limited (RPL) stock with an intraday target of Rs 168. 

According to them, interested traders can purchase the stock above Rs 166 with a strict stop loss of Rs 164. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 170. 
 
Shares of the company, on Thursday (Sep 25), closed at Rs 164.85 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 3306271. The share price has seen a 52-week high of Rs 377.94 and a low of Rs 116.30 on BSE. 

Anil Dhirubhai Ambani Group (ADAG)-promoted Reliance Power (R-Power) would pay attention toward renewable and alternative energy resources such as hydroelectric, wind, solar and fuel cell-based power. The company is planning to invest Rs 60,000 crore in alternate energy sector. The company would also invest over Rs 12,000 crore in cement and shipping businesses through its fuel transportation arm, Reliance Natural Resources (RNRL). These projects would be set up near the power plant projects of the company. The company also intends to enter in solar energy sector in future. 

Karvy Stock Broking Limited has maintained ‘buy’ rating on NTPC stock with an intraday target of Rs 189. 

According to Karvy, interested traders can purchase the stock between Rs 180-181 with a strict stop loss of Rs 177. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 191.