Finance

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.

India | Finance | News

Inox Clean Energy raises Rs 3,400 crore NaBFID loan for debt refinancing
By January 30, 2026January 30, 2026

Inox Clean Energy Limited (ICEL) has secured a 20-year loan of Rs 3,400 crore from the National Bank for Financing Infrastructure and Development (NaBFID). The funds are designated to refinance existing debt associated with several operational renewable energy projects acquired from Macquarie Group’s Vibrant Energy platform. The long-term debt facility is anticipated to carry an interest rate between 8% and 8.5%. It will refinance obligations linked to seven specific renewable energy projects, which include a…

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India | Finance | News

IEX, Adani Power, ACME Solar, NTPC Green and REC report Q3 results
By January 30, 2026January 30, 2026

Major Indian power sector players show mixed Q3 FY26 results, reflecting varied market dynamics. Adani Power Limited posted a decline in performance for the third quarter of FY26. Net profit fell 18.9% year on year to Rs 2,479 crore, compared with Rs 3,057 crore in the same quarter last year. Revenue declined 8.9% to Rs 12,451 crore from Rs 13,671 crore. EBITDA stood at Rs 4,238 crore, down 15.6% from Rs 5,024 crore, with the…

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India | Finance | News

Exide invests Rs 50 crore more in lithium ion arm EESL
By January 29, 2026January 29, 2026

Exide Industries Limited has infused an additional Rs 50 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL). The investment, completed on January 28, 2026, takes Exide’s total exposure in the lithium ion battery business to Rs. 4,252.23 crore. The company invested in a rights issue, subscribing to 1.25 million equity shares at a premium of Rs 30 per share. Following the allotment, Exide Industries Limited continues to hold 100% ownership in Exide…

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India | Finance | News

GE Vernova, L&T and Bondada report strong Q3 FY26 performance
By January 29, 2026January 29, 2026

GE Vernova T&D India Limited, Larsen and Toubro Limited (L&T), and Bondada Engineering Limited reported strong quarterly financial and order book performance, supported by higher order inflows, improved execution and margin expansion across power and infrastructure segments. GE Vernova T&D India reported a 58% year on year increase in revenue to Rs 17.0 billion, while profit after tax rose to Rs 2.9 billion. Order bookings for the quarter grew 41% to Rs 29.4 billion. Key…

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India | Finance | News

CG Power posts record quarterly revenue and PBT in Q3 FY26
By January 28, 2026January 28, 2026

CG Power and Industrial Solutions Limited reported a strong financial performance in the third quarter of FY26, posting its highest standalone quarterly revenue and Profit Before Tax (PBT) to date. The results were supported by strong order inflows and sustained operational efficiency. For the quarter ended December 31, 2025, CG Power recorded standalone sales of Rs 2,909 crore, a year-on-year increase of 22%. PBT before exceptional items rose 35% to Rs 454 crore, with the…

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India | Finance | News

Adani Power allots Rs 7,500 crore NCDs under approved fundraising plan
By January 28, 2026January 28, 2026

Adani Power Limited has allotted secured, listed, non-convertible debentures worth Rs 7,500 crore through a private placement. The issuance is part of a fundraising plan approved earlier by the company’s Board. The debentures have been issued in multiple series with tenors ranging from two to five years and are rated AA with a stable outlook. In a regulatory filing dated January 27, 2026, Adani Power said a management committee of its Board approved the allotment…

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India | Finance | News

JSW Energy posts rise in volumes and earnings in Q3 FY26
By January 28, 2026January 28, 2026

JSW Energy Limited reported strong operational and financial growth for the quarter ended December 31, 2025, driven by capacity additions and recent acquisitions. Power sale volumes rose 65% year on year, while EBITDA increased 98%. Profit After Tax (PAT) surged 150% from the same period last year to Rs 420 crore. Joint Managing Director and Chief Executive Officer (CEO) Sharad Mahendra said the performance reflected the impact of recent expansion initiatives. He pointed to the…

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India | Finance | News | Renewable Energy

AGEL commissions 50 MW Khavda solar project, reports nine month financials
By January 27, 2026January 27, 2026

Adani Green Energy Limited (AGEL) has commissioned a 50 MW solar power project at Khavda in Gujarat through its wholly owned stepdown subsidiary, Adani Green Energy Twenty Six A Limited. The project began commercial operations on 25 January 2026 after receiving the required clearances. AGEL informed the stock exchanges that the commissioning was formally recorded at 10:49 a.m. on 25 January 2026. With this addition, the company’s total operational renewable energy capacity has increased to…

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India | Finance | News

Waaree Renewable to acquire majority stake in Associated Power
By January 27, 2026January 27, 2026

Waaree Renewable Technologies Limited has approved a binding term sheet to acquire around 55% of the equity share capital of Associated Power Structures Limited for a total consideration of approximately Rs 1,225 crore. The proposed transaction involves a combination of primary and secondary share purchases and is subject to due diligence and customary closing conditions. Associated Power Structures Limited, incorporated in 1996, operates in the power transmission and distribution infrastructure segment. Upon completion of the…

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India | Finance | News

Actis explores sale of Athena Renewable Energy platform
By January 23, 2026January 23, 2026

Global investor Actis is reportedly exploring a potential sale of its Indian renewable energy platform, Athena Renewable Energy, at a valuation of around Rs 3,000 crore, according to The Economic Times. The United Kingdom-based sustainable infrastructure investor has appointed Kotak Mahindra Capital as its financial advisor for the potential transaction. The 550 MW solar platform has been showcased to a limited set of potential buyers. These reportedly include Hexa Climate Solutions, KKR backed IndiGrid Infrastructure…

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