INOX India Ltd, Suzlon Energy, and ACME Solar Holdings have reported solid financial results for the second quarter of FY26. INOX India Ltd recorded a 16% year-on-year increase in revenue to Rs 371 crore in Q2 FY26. EBITDA rose 18% to Rs 92 crore, while profit after tax (PAT) grew 22.9% to Rs 62 crore. Export revenue stood at Rs 211 crore, contributing 57% to total income. For the first half of FY26, INOX India…
Suzlon Energy Limited has appointed Rahul Jain as Chief Financial Officer, effective December 15. Rahul joins Suzlon after serving as Group CFO at SRF Limited for 17 years. Earlier, he worked with Jubilant Organosys Limited for a decade, gaining extensive experience in corporate finance, mergers and acquisitions, and fundraising. Suzlon said his background in financial transformation and strategic growth will support the company’s long-term business objectives. Vice Chairman Girish Tanti said Rahul’s leadership will enhance…
Suzlon Group has announced its largest order of FY26, securing 838 MW from Tata Power Renewable Energy Limited (TPREL) under a Firm and Dispatchable Renewable Energy (FDRE) project. The project will deploy 266 of Suzlon’s S144 wind turbines, each with a capacity of 3.15 MW. Installations will be spread across Karnataka with 302 MW, Maharashtra with 271 MW, and Tamil Nadu with 265 MW. This marks the company’s second-largest order to date, following a 1,544…
Suzlon Group has pledged to run all 15 of its manufacturing facilities entirely on renewable energy by 2030. The company has also become the first from India to join the RE100 Initiative, a global program led by Climate Group in partnership with the Carbon Disclosure Project. The initiative is part of Suzlon’s wider decarbonization strategy. The company aims to achieve carbon neutrality for Scope 1 and 2 emissions by 2035 and net zero for Scope…
ReNew Energy Global reported a sharp rise in profit for the first quarter of FY26. Net profit increased thirteen times to Rs 513.1 crore, compared with Rs 39.4 crore in the same quarter of the previous year. Adjusted Ebitda stood at Rs 2,722 crore, up from Rs 1,897.9 crore in Q1 FY25. Total income rose to Rs 4,118.2 crore from Rs 2,490.3 crore. Revenue from power sales grew 14 per cent year-on-year to Rs 2,547.3…
Solar Energy Corporation of India (SECI) recorded a 15% increase in net profit to Rs 501.92 crore in FY 2024-25, supported by higher revenue. Revenue from operations was Rs 15,185.10 crore, compared with Rs 13,035.07 crore in FY 2023-24. SJVN Limited reported consolidated net profit of Rs 227.8 crore for the June 2025 quarter, down 36.2% year-on-year. Revenue from operations grew 5.4% to Rs 917.5 crore, while EBITDA increased 11.2% to Rs 742.4 crore. Operating…
Suzlon Energy Limited has received a 381 MW wind energy order from Zelestra India for its first Firm and Dispatchable Renewable Energy (FDRE) project. The contract involves the installation of 127 wind turbine generators (WTGs) of the S144 model, each with a 3 MW capacity. The project will span three states. Maharashtra and Madhya Pradesh will host 180 MW each as part of Zelestra’s FDRE bid, while 21 MW in Tamil Nadu will cater to…
Suzlon Energy Limited has secured a contract from AmpIn Energy Transition Private Limited for a 170.1 MW wind power project in Kurnool, Andhra Pradesh. The order was awarded on June 20, 2025. Suzlon will supply 54 units of its S144 wind turbine generators (WTGs), each with a rated capacity of 3.15 MW. These turbines will be installed on Hybrid Lattice Tubular (HLT) towers, which allow for higher hub heights and improved energy yields. Beyond equipment…
Bharat Petroleum Corporation Limited (BPCL) has issued Letters of Award (LoAs) to Suzlon Energy Limited (SEL) and Integrum Energy Infrastructure Limited for setting up a total of 100 MW captive wind power capacity. Suzlon will develop a 50 MW wind power project in Madhya Pradesh, while Integrum Energy will set up another 50 MW project in Maharashtra. Both projects will be implemented on a lump sum turn key (LSTK) basis. The LoAs were issued on…
Suzlon Energy Limited (SEL) has secured a contract from NTPC Green Energy Limited (NGEL), a wholly-owned subsidiary of NTPC Limited, for a 378 MW wind power project in the Gadag region of Karnataka. The order, awarded on April 23, 2025, includes the supply, erection, and commissioning of 120 S144 wind turbine generators (WTGs), each with a rated capacity of 3.15 MW. The turbines will be installed with Hybrid Lattice Tubular (HLT) towers. In addition to…