Power Sector News Roundup for June 27, 2025

Author: PPD Team Date: January 19, 2026 India Waaree group adds eight IPP-focused step-down subsidiaries Waaree Energies Limited disclosed the incorporation of eight wholly owned subsidiaries through its step-down arm, Waaree Forever Energies Private Limited. The entities were incorporated between January 13 and January 15, 2026, to hold specific independent power producer projects. Each subsidiary has been created solely for individual IPP assets and has not commenced operations, reporting nil turnover. WFEPL holds 100% equity…

Author: PPD Team Date: November 3, 2025 India NTPC posts marginal rise in Q2 profit despite lower revenue NTPC Limited posted a marginal 0.11% increase in consolidated net profit at Rs 4,653 crore for Q2 FY25, compared to Rs 4,648 crore in the same quarter last year. Revenue from operations fell 2.9% year-on-year to Rs 39,166 crore. Earnings before interest, tax, depreciation, and amortisation rose 3.4% to Rs 10,019 crore. Operating margin improved to 25.6%…

Author: PPD Team Date: February 19, 2026 AdaniConneX incorporates Navi Mumbai Power Distribution subsidiary AdaniConneX Private Limited (ACX), a 50:50 joint venture of Adani Group and EdgeConneX, has incorporated a wholly owned subsidiary, Navi Mumbai Power Distribution Limited (NMPDL). NMPDL has been incorporated in India and registered with the Registrar of Companies (RoC), Ahmedabad, with a subscribed capital of Rs 100,000 divided into 10,000 equity shares of Rs 10 each, and ACX indirectly holds a…

Author: PPD Team Date: January 15, 2026 India L&T wins contract for 3,000 MW Saidongar pumped storage project Larsen and Toubro Limited has secured a large contract from Torrent Energy Storage Solutions Private Limited for the 3,000 MW Saidongar-1 Pumped Storage Project in Raigad, Maharashtra. The order has been awarded to L&T’s Heavy Civil Infrastructure business vertical and covers design, engineering, and execution of civil and hydro mechanical works. The project will comprise ten units…