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Saatvik Green wins MSEDCL order for solar pumps in Maharashtra
Saatvik Green Energy Limited has received a letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the installation of 1,500 solar water pumping systems under the Magel Tyala Saur Krishi Pump Yojana (MTSKPY) and the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Component B Scheme for 2025–2026. The project will…
IREDA posts record Rs 1,873 crore profit in FY26
Indian Renewable Energy Development Agency (IREDA) reported its highest-ever annual profit after tax (PAT) of Rs 1,873 crore for FY 2025-26, registering a 10% increase over Rs 1,699 crore recorded in FY25. The company’s Board recommended a final dividend of Rs 0.75 per equity share, equivalent to 7.5% of face value, subject to shareholder approval…
Tata Power to invest Rs 1.2 trillion in Rajasthan renewable projects
Tata Power has announced an investment of Rs 1.2 trillion in Rajasthan to develop various renewable energy projects, including rooftop solar installations and electric vehicle (EV) charging infrastructure. The announcement was made at the Rising Rajasthan Global Investment Summit on December 9, 2024. The investment roadmap aims to transform Rajasthan into a power surplus state…
ENGIE signs PPA with GUVNL for 280 MW/560 MWh BESS in Gujarat
ENGIE India has signed a Power Purchase Agreement for its first standalone battery energy storage system project in India, a 280 MW / 560 MWh facility with Gujarat Urja Vikas Nigam Ltd. (GUVNL) as the offtaker. The project marks a notable step in India’s grid storage buildout, where large-scale BESS is increasingly being positioned as…
Q3 FY26 earnings: INOX India, Coal India, Hindalco, Insolation Energy, Solex
INOX India Ltd, Coal India Limited, Hindalco Industries Limited, Insolation Energy Ltd, and Solex Energy have reported their Q3 FY26 results. INOX India recorded revenue of Rs 436 crore in Q3 FY26, up 27.4% year on year (YoY). Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose 34.2% YoY to Rs 102 crore, while…
Tata Power reports Rs 10.93 billion net profit in Q2, up 7.47% YoY
Tata Power Company Limited posted a net profit of Rs 10.93 billion for the quarter ending September 2024, marking a 7.47 per cent rise from Rs 10.17 billion in the same period last year. The company’s total income grew by approximately 1.13 per cent to Rs 162.11 billion in Q2 FY2024, up from Rs 160.3…
