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.
Power Finance Corporation Limited (PFC) and REC Limited have received the approval of the Hon’ble President of India for the proposed merger of REC into PFC, according to regulatory filings made by both companies. The Ministry of Power, through a letter dated June 10, 2026, communicated the approval of the competent authority for the proposed…
ACME Solar Holdings Limited has completed a qualified institutions placement (QIP) of equity shares, raising around Rs 2,800 crore, according to a stock exchange filing dated June 4, 2026. The company’s Fund Raising Committee approved the allotment of 10,01,78,890 equity shares with a face value of Rs 2 each to eligible qualified institutional buyers at…
The Indian Energy Exchange (IEX) recorded a total electricity traded volume of 12,983 million units (MU) in May 2026, registering an 18.6% year-on-year (YoY) increase, according to a media release issued by the exchange on June 3, 2026. The growth came amid higher electricity demand, with national energy consumption and peak power demand reaching record…
The Government of India, acting through the Ministry of Power as the promoter of NHPC Limited, has exercised the oversubscription option for its Offer for Sale (OFS), increasing the total stake sale from 3% to 6% of NHPC’s paid-up equity share capital. Under the base offer, the government proposed to sell 30,13,51,044 equity shares, representing…
Solarium Green Energy Limited reported a 60% increase in revenue from operations to Rs 368 crore for the financial year ended March 31, 2026, driven by its strategic shift towards large-scale Engineering, Procurement, and Construction (EPC) projects. The company reported profit after tax (PAT) of Rs 20 crore and earnings before interest, taxes, depreciation and…
Vikran Engineering Limited has outlined an ambitious growth strategy for the coming years, targeting a significant increase in revenue, entry into the data centre engineering, procurement and construction (EPC) segment, and potential expansion into international markets. During its Q4 and FY26 earnings call, the company guided for revenue of Rs 2,200–2,500 crore in FY27, compared…
Inox Wind Limited reported a consolidated net profit of Rs 91.3 crore for the quarter ended March 2026, down 51.1% from Rs 186.8 crore in the year-ago period, as geopolitical disruptions and delayed customer payments impacted profitability. Revenue from operations fell 2.4% year-on-year to Rs 1,244.2 crore. EBITDA declined 21.5% to Rs 200 crore from…
RMC Switchgears Limited reported consolidated revenue from operations of Rs 401.59 crore for the financial year ended March 31, 2026, registering a year-on-year growth of 26.40%, according to a stock exchange filing. The company recorded consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 47.10 crore during FY26, while profit after tax (PAT)…
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…
Schneider Electric Infrastructure Limited (SEIL) reported a 27.4% year-on-year rise in order inflow for FY26, while profit declined amid commodity price volatility and an adverse revenue mix during the fourth quarter. The company, part of Schneider Electric Group, announced its audited results for the quarter and financial year ended March 31, 2026. For FY26, SEIL…