POWER STOCK IN THE NEWS AFTER SECURING ORDER FOR POWER SUPPLY PROJECT IN KARNATAKA

is in the news after having received a Letter of Award (LoA) from Power Company of Karnataka Limited (PCKL) for a 400 MW power supply arrangement. This agreement is for a period of 25 years in which coal for the project will be sourced from Coal India Limited under the SHAKTI Scheme 2017. On the financial side, the company reported a sales revenue of Rs 5,177 crore for Q2FY26, up by 60% from the same period last year. Moreover, the company reported an operating profit of Rs 2,,96 crore for Q2FY26, up by 78% from the same period last year. The stock has been consolidating in the range of Rs 510-550 per share. Any breakout above Rs 575 per share could indicate a bullish momentum.