Updates on investments, project funding, tariffs, mergers and acquisitions, and financial performance across the power and renewable energy industry. This category tracks capital flows, lending trends, market valuations, and economic factors influencing energy infrastructure and sector growth.
CleanMax Enviro Energy has fixed a price band of Rs 1,000 to Rs 1,053 per share for its initial public offering (IPO). The issue will open for subscription on February 23, 2026, and close on February 25, marking a listing focused on the private-sector renewable energy market. The IPO comprises a fresh issue of shares worth up to Rs 1,200 crore and an offer-for-sale (OFS) of up to Rs 1,900 crore. Promoters Kuldeep Jain, BGTF…
SWELECT Energy Systems Limited reported a consolidated profit after tax of Rs 9.52 crore for the third quarter of fiscal year 2026, compared with a loss of Rs 10.58 crore in the corresponding quarter last year. Total income increased 46.7% year-on-year to Rs 147.19 crore, supported by higher revenue from operations and improved efficiency. For the quarter ended December 31, 2025, revenue from operations rose to Rs 138.63 crore from Rs 91.38 crore in Q3…
ReNew Energy Global Plc reported a net loss of Rs 198 million (US$ 2 million) for the third quarter of fiscal year 2026, compared with a loss of Rs 3,879 million (US$ 43 million) in the same period last year. Total income for the quarter increased 48% year-on-year to Rs 31,372 million (US$ 349 million), supported by higher operational capacity, improved wind plant load factors and external sales from solar module and cell manufacturing. For…
The Rajasthan government has proposed an outlay of about Rs 2,900 crore in Budget 2026-27 to develop solar parks aggregating 4,830 MW in Bikaner and Jaisalmer and to strengthen the state’s power infrastructure. The renewable projects will be developed through a joint venture model. The planned solar parks include the Mehrasar–Dinarsar–Barala and Sawaisar–Karnisar–Bhatiyan–Bikoloi parks in Bikaner district, and the Ragha–Sewda solar park in Jaisalmer district. These projects are part of the state’s strategy to expand…
The Uttar Pradesh government has proposed an outlay of Rs 65,926 crore for the energy sector in FY 2026-27, an increase of 8% over the previous year. The allocation forms part of the state’s Rs 9,12,696 crore annual budget and covers generation, transmission, distribution and renewable energy development. Thermal generation capacity has increased from 5,878 MW in 2016-17 to 9,120 MW as of December 2025, reflecting growth of 55.16%. Capital expenditure for power projects is…
Patel Engineering Limited (PEL) reported consolidated revenue from operations of Rs 1,239 Cr in Q3 FY26, compared to Rs 1,206 Cr in Q3 FY25, reflecting a 2.81% year-over-year increase. Consolidated net profit for the quarter stood at Rs 71 Cr. As of December 31, 2025, the company’s order book was Rs 15,123 Cr. Consolidated operating earnings before interest, tax, depreciation and amortisation (EBITDA) for Q3 FY26 were Rs 145 Cr, with a margin of 11.68%….
Inox Wind Limited (IWL) and Inox Green Energy Services Limited (Inox Green), part of the INOXGFL Group, reported higher revenue and profit for the quarter ended December 31, 2025. IWL posted its strongest quarterly performance to date, while Inox Green recorded a 51% increase in revenue, supported by the expansion of its operations and maintenance portfolio. IWL reported consolidated revenue of Rs 1,238 crore in Q3 FY26, up 24% year-over-year. Earnings before interest, tax, depreciation…
Power Finance Corporation Limited (PFC) and REC Limited have informed the stock exchanges that they are proceeding with a proposed merger after the PFC board granted in-principle approval on February 6, 2026. In a joint filing dated February 12, 2026, the two state-owned non-banking financial companies (NBFCs) set out the rationale, structural aspects, and expected outcomes of the consolidation. The companies stated that the merger is aimed at meeting the significant capital requirements of India’s…
Alpex Solar Limited has approved an equity infusion of up to Rs 10 crore in its wholly owned subsidiary, Alpex Green Energies Private Limited, to support expansion, working capital, and operations. The subsidiary provides engineering, procurement, and construction (EPC) services across solar, wind, hydrogen, and other green energy segments. The company has consolidated aluminium frame manufacturing at Unit VII in Kosi Kotwan Extension, Mathura, Uttar Pradesh. The facility has an installed capacity of 6,000 metric…
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 adjusted profit after tax (PAT) increased 32.4% YoY to Rs 68 crore. Export revenue stood at Rs 271 crore, contributing…