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Lending to renewable energy projects in India rises 63% in 2023
Lending to renewable energy (RE) projects in India surged by 63% in 2023, reaching Rs 302.55 billion, compared to the previous year, according to a report by the Centre for Financial Accountability. Solar energy accounted for 49% of the funding, with Rs 148.14 billion directed toward solar projects. Hybrid projects saw a 31% year-on-year increase,…
KEC International secures Rs 1,402 crore orders across businesses
KEC International Limited has announced new orders worth Rs 1,402 crore across its transmission and distribution (T&D), civil, and cables and conductors businesses. In T&D, the company received a 765 kV transmission line order from a private developer in India, along with tower, hardware, and pole supply contracts in the Americas. The cables and conductors…
Solarium Green Energy reports 60% rise in FY26 revenue
Solarium Green Energy Limited reported a 60% increase in revenue from operations to Rs 368 crore for the financial year ended March 31, 2026, driven by its strategic shift towards large-scale Engineering, Procurement, and Construction (EPC) projects. The company reported profit after tax (PAT) of Rs 20 crore and earnings before interest, taxes, depreciation and…
Vertiv expands North American manufacturing with new facility in South Carolina
Vertiv has announced the expansion of its North American manufacturing operations with a new 215,000 sqft facility in Pelzer, South Carolina. This facility is expected to create up to 300 skilled jobs and will produce integrated modular solutions, modular power systems, and other infrastructure technologies for data centres. These prefabricated solutions are fully factory-tested, reducing…
India | Generation | NewsNCLT approves merger of nine Adani Power subsidiaries
The National Company Law Tribunal (NCLT), Ahmedabad Bench, has approved the Scheme of Amalgamation of nine wholly-owned subsidiaries with Adani Power Limited, the country’s largest private power producer. The order was pronounced on August 4, 2026, and uploaded on the NCLT website on August 5, 2026. The scheme covers the merger of Adani Power Dahej…
TARIL posts Rs 572 crore Q1 revenue, order inflows jump 218%
Transformers and Rectifiers (India) Limited (TARIL) reported consolidated revenue from operations of Rs 572.34 crore for the quarter ended June 30, 2026, registering an increase of 8% over the corresponding period last year. The company also reported its highest-ever unexecuted order book of Rs 6,630 crore, according to its quarterly investor presentation and press release….
