S&SPOWER

April 30 (Reuters) - S & S Power Switchgear Ltd SSPW.NS:

• S & S POWER SWITCHGEAR LTD - UNIT RECEIVES LETTER OF AWARD FROM VEDANTA LIMITED

Source text: ID:nBSE6VQ7P

Further company coverage: SSPW.NS

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April 23 (Reuters) - S & S Power Switchgear Ltd SSPW.NS:

• S & S POWER SWITCHGEAR LTD - SIVAKUMAR S RESIGNS AS CFO

Source text: ID:nBSEsjLMf

Further company coverage: SSPW.NS

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Dec 24 (Reuters) - S & S Power Switchgear Ltd SSPW.NS:

• S & S POWER SWITCHGEAR - FRAUDDETECTED IN ONLINE TRANSFERS MADE BY OFFICIALS OF CO ON DEC 20

• S & S POWER SWITCHGEAR - CYBER-CRIME WAS DETECTED IN ONLINE TRANSFERS MADE BY CO OFFICIALS ON DEC 20

• S & S POWER SWITCHGEAR - CO ESTIMATES FINANCIAL IMPACT OF FRAUD IS APPROX. 15.8 MILLION RUPEES

Source text: ID:nBSE4jzvBB

Further company coverage: SSPW.NS

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** Shares of Power Minerals PNN.AX rise as much as 13% to A$0.13, posting their biggest intraday pct gain since Sept. 27

** Australian mineral explorer completes due diligence for joint venture agreement with China-based Heng Li Technology to develop its Pular lithium project in Argentina

** Says under the JV, Heng Li to fully fund and manage project development

** Says Heng Li to invest $5 mln and purchase 100% of lithium concentrate produced at the project

** Power Minerals stock hits highest level since Oct. 1

** Stock down ~42.9% so far this year

(Reporting by Nikita Maria Jino in Bengaluru)

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** Shares of Power Minerals PNN.AX rise as much as 26.4% to A$0.115, their highest level since July 23

** The mineral resources explorer executes a term sheet for an exclusive option to acquire the Tântalo Project in Paraiba state, Brazil

** Co says option to acquire the project is an opportunity to materially expand co's ground position in an emerging

niobium exploration precinct in Brazil

** About 612,900 shares change hands by 0429 GMT, 3.3 times the 30-day average volume of shares

** Stock has fallen 56.7% this year, as of last close

(Reporting by Sherin Sunny in Bengaluru)

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March 22 (Reuters) - S & S Power Switchgear Ltd SSPW.NS:

• APPOINTS S SIVAKUMAR AS CFO

Source text for Eikon: ID:nBSE8hphvx

Further company coverage: SSPW.NS

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** Shares of diversified mineral explorer Power Minerals PNN.AX rise as much as 2.22% to A$0.23, their highest level since Dec. 8

** Co enters into a binding term sheet with Canada's Summit Nanotech Corp for the funding and development of Incahuasi Salar at PNN's Salta lithium project in Argentina

** Says parties now plan to enter into an Option and Joint Venture Agreement

** Adds Summit will secure a 30% interest in the proposed JV via strategic investment of up to $3 million in Power

** Stock down 57.6% this year, as of last close, vs a 6.6% increase in the benchmark S&P/ASX 200 index .AXJO

(Reporting by Roushni Nair in Bengaluru)

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Oct 20 (Reuters) - S & S Power Switchgear Ltd SSPW.NS:

• UNIT RECEIVED ORDER FOR SALE OF ISOLATORS FOR MP INTRA STATE TRANSMISSION PROJECT FOR SUM OF 89.7 MILLION RUPEES

Source text for Eikon: ID:nBSE3d7wnT

Further company coverage: SSPW.NS

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** Shares of diversified mineral explorer Power Minerals PNN.AX surge as much as 21.2% to A$0.40; logs biggest intraday pct gain since May 16

** Stock hits highest level since July 27

** Co enters a binding term sheet with Canada's Summit Nanotech Corp for the funding and development of the Incahuasi Salar at PNN's Salta lithium project in Argentina

** Summit will secure a 30% interest in the proposed joint venture (JV) via a strategic investment of up to $3 mln in PNN

** Summit may earn a further 15% interest in the JV by participating in a Definitive Feasibility Study at Incahuasi

** The two firms plan on executing a Definitive Option Agreement by Oct 31

** More than 603,000 shares change hands, vs the 30-day avg of about 248,000 shares

** Stock has fallen 37.7% this year, as of last close

($1 = 1.5480 Australian dollars)

(Reporting by Adwitiya Srivastava in Bengaluru)

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By Hritam Mukherjee

BENGALURU, July 31 (Reuters) - State-owned utility Power Grid Corporation of India's PGRD.NS first-quarter profit fell more than 5% on Monday, hurt by weaker demand in its core transmission business.

The company's consolidated profit was 35.97 billion rupees ($437.42 million) in the quarter ended June 30, compared with 38.01 billion rupees a year earlier.

A surge in summer power demand, which had strained India's electricity transmission system, eased in the April-June period owing to a cooler pre-monsoon.

Power Grid's consolidated revenue from operations in the quarter rose 1.3% to 110.48 billion rupees, with its transmission business growing 1.2%.

"Demand growth was tepid due to higher base and inconducive weather conditions," said Rupesh Sankhe, research analyst at brokerage Elara Capital.

Consolidated total expenses for Power Grid, which transmits nearly half of the power generated in the country, slipped more than 3% to 66.89 billion rupees in the quarter.

Its net profit margin fell to 33% from 35% a year earlier.

The spotlight remains on the management's commentary on capital expenditure, updates on Africa and of high-voltage direct current transmission projects, said Rohit Natarajan, research analyst at Antique Stock Broking.

Power Grid's board of directors also recommended issue of one bonus shares for every three shares held.

Shares of the company closed 3.04% higher ahead of the results announcement.

($1 = 82.2320 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Shilpi Majumdar)

(([email protected]; Twitter: @MukherjeeHritam;))

BENGALURU, July 21 (Reuters) - India's state-owned Power Finance Corporation PWFC.NS said on Friday it has executed various Memorandums of Understanding worth more than 2.37 trillion rupees ($28.92 billion) with 20 companies, including with an Adani group company, in the clean energy space.

($1 = 81.9540 Indian rupees)

(Reporting by Rama Venkat in Bengaluru; Editing by Janane Venkatraman)

(([email protected]; https://twitter.com/ramavenkat0607; +91 8095218099;))

** Shares of diversified mineral explorer Power Minerals PNN.AX rise as much as 9.3% to A$0.410, their highest since June 22

** Co says first hole in mineral resource drilling programme at Rincon salar within its Salta lithium project in Argentina returned "excellent" lithium grades and brine density

** Says the results will feed into a preliminary economic assessment, which is currently underway for Rincon

** As of last close, stock down 29.3% this year

(Reporting by Himanshi Akhand in Bengaluru)

(([email protected];))

** State-owned transmitter Power Grid Corporation of India PGRD.NS up 0.4% to 250.55 rupees

** Brokerage Kotak Institutional Equities raises TP to 270 rupees from 260 rupees, says strengthening schemes to feed growth

** Have long been believers in co's business model strength, ability to capitalise on investment needs in transmission sector - Kotak analysts

** Note also says co's large asset base "impedes the ability of the company to grow beyond single digits"

** Ratings house downgrades co to "add" from "buy"

** More than 9.5 mln shares changed hands by 3:19 P.M. IST vs 30-day avg of 9.6 mln shares

** Seventeen out of 21 analysts rate the stock "buy" or higher, four suggest "hold", median PT 255 rupees

** YTD stock has risen ~17%

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Shares of Power Construction Corporation of China Ltd 601669.SS fall as much as 5.4% to 5.98 yuan, their lowest since August 2021

** Stock on track for fourth consecutive session of decline, if losses hold

** Beijing-based construction contractor says it plans to spin off its new energy unit for domestic listing

** Company also says its consortium wins a construction project in Guangzhou city worth about 6 bln yuan ($868.04 mln)

** The blue-chip CSI 300 Index .CSI300 eases 0.5%, while the Shanghai Composite Index .SSEC climbs 0.1%

** As of last close, stock fell 10.7% this year

(Reporting by Donny Kwok)

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** Shares of state-run Power Finance Corporation Ltd PWFC.NS rise as much as 3.96% to 177.20 rupees

** Co reports 44% Y/Y rise in consolidated net profit to 61.29 mln rupees ($749,449.74) in March quarter

** Uptick amid media report that says the non-banking financial company (NBFC), which provides financial assistance to power sector, is looking to diversify its loan book

** PWFC to venture into funding road infrastructure projects, Mint said, citing two people aware of the development

** Co in talks with Oman's Galfar group: report

** PWFC did not immediately respond to Reuters request for comment

** Trading volume is 9.42 mln shares as of 12:51 p.m. IST, 0.9x the 30-day avg - Refinitiv data

** All seven analysts tracking PWFC maintain "buy"; median TP is 200 rupees

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of Power Grid Corporation of India PGRD.NS rise as much as 2.3% to 239 rupees, highest since April 26

** Co on Friday reported a 4% rise in fourth-quarter profit to 43.2 billion rupees ($528.25 million)

** PGRD was helped by stronger demand for electricity which outstripped high costs

** During the qtr, the early onset of summer and rising temperatures aided a jump in India's power demand, pushing power transmitters to stretch their capacities to bridge the surge

** Nearly 1.7 mln shares change hands by 10:00 a.m. IST vs 30-day avg of 7.2 mln shares

** Eighteen of the 22 analysts covering the stock have a "buy" or "strong buy" rating, while 4 rate it at "hold"; median PT is 251 rupees - Refinitiv data

** Stock up 9.4% YTD up to last close

($1 = 81.7800 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

** Shares of Power Minerals Ltd PNN.AX rise as much as 22.9% to A$0.510, their highest level since April 17

** Diversified mineral resources explorer signs binding term sheet to purchase 100% of the Argentinian lithium units of Ultra Lithium Inc ULT.V

** Power Minerals says acquisition will expand its portfolio of lithium development assets in Argentina

** Adds it will divest its Santa Ines copper-gold project in Argentine for A$1.5 mln ($1.02 mln)

** More than 677,400 shares change hands by 0112 GMT, compared with the 30-day average trading volume of 284,429 shares

** Stock down 21.7% YTD, as of last close

($1 = 1.4743 Australian dollars)

(Reporting by John Biju in Bengaluru)

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