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 | Renewable Energy

Premier Energies commissions 400 MW cell line, Q3 PAT rises 53%
By January 23, 2026January 23, 2026

Premier Energies Limited announced the commissioning of a 400 MW Mono Passivated Emitter and Rear Contact (PERC) solar photovoltaic cell manufacturing facility at its E City plant in Telangana and reported a sharp year on year rise in consolidated net profit for the quarter ended December 31, 2025. The updates were disclosed through regulatory filings to stock exchanges. The company said its wholly owned subsidiary, Premier Energies Photovoltaic Private Limited, commissioned the new cell manufacturing…

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India | Finance | News

AESL reports strong Q3 and nine month growth, smart meters cross 9.25 million
By January 23, 2026January 23, 2026

Adani Energy Solutions Limited (AESL) announced its unaudited financial and operational results for the quarter and nine months ended December 31, 2025, on January 22, 2026. The company reported year-on-year growth across key financial indicators and a record cumulative installation of 9.25 million smart meters. For the quarter ended December 31, 2025, AESL posted consolidated total income of Rs 6,945 crore, up 15.7% from the corresponding period last year. Earnings before interest, taxes, depreciation, and…

Read More AESL reports strong Q3 and nine month growth, smart meters cross 9.25 million
India | Finance | News

ReNew plans $500 million bond issue via GIFT City IFSC
By January 22, 2026January 22, 2026

ReNew Energy Global PLC is preparing to raise around $500 million through a U.S. dollar-denominated bond issuance routed via the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City). The proposed issue is aimed at refinancing existing debt, including a major maturity due in July 2026, and meeting other corporate funding needs. According to the proposed structure, the proceeds will be used for on-lending to entities within the ReNew Group and for…

Read More ReNew plans $500 million bond issue via GIFT City IFSC
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Waaree Energies posts record Q3 FY26 results
By January 22, 2026January 22, 2026

Waaree Energies Limited has reported record quarterly financial results for Q3 FY26, with standalone revenue and profit more than doubling year-on-year. For the quarter ended 31 December 2025, the company reported standalone revenue from operations of Rs 7,565.05 crores, up 118.81% compared to the same period last year. Standalone Profit After Tax (PAT) increased 118.35% to Rs 1,106.79 crores. During the quarter, Waaree manufactured 3.51 GW of solar modules and 0.75 GW of solar cells….

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India | Finance | News

KPI Green reports seventh straight quarter of record revenue in Q3 FY26
By January 22, 2026January 22, 2026

KPI Green Energy Limited has reported its highest-ever quarterly revenue for the seventh consecutive quarter in Q3 FY26. For the nine months ended 31 December 2025, consolidated Profit After Tax (PAT) rose 60%. The Board has also declared a third interim dividend of Rs 0.20 per equity share. In a regulatory filing dated 21 January 2026, the company announced its unaudited financial results for the quarter and nine-month period ended 31 December 2025. Consolidated revenue…

Read More KPI Green reports seventh straight quarter of record revenue in Q3 FY26
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POWERGRID approves Rs 914 crore capex for cold spare equipment
By January 21, 2026January 21, 2026

Power Grid Corporation of India Limited (POWERGRID) announced on 20 January 2026 that its Committee of Directors on Investment on Projects has approved three capital expenditure proposals for procuring cold spare transformers and reactors. The combined estimated cost of the approvals is about Rs 914 crore. The approvals cover three separate procurement packages, each with an implementation period of 30 months from the date of investment approval. The first relates to procurement sanctioned by the…

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Vikram Solar reports strong Q3 FY26 performance
By January 21, 2026January 21, 2026

Vikram Solar Limited announced its unaudited financial results for the quarter and nine months ended 31 December 2025 following a board meeting held on 20 January 2026. The company reported strong year on year growth in revenue, profitability, and operating performance. Revenue from operations for Q3 FY26 stood at Rs 1,106 crore, up 8% compared to the same quarter last year. Earnings before interest, tax, depreciation, and amortization (EBITDA) rose 142% year on year to…

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India | Finance | News

Genus Power to acquire full stake in Newlectric Innovation
By January 21, 2026January 21, 2026

Genus Power Infrastructures Limited has signed an agreement to acquire the remaining 86.49% equity stake in Newlectric Innovation Private Limited (NIPL), making it a wholly owned subsidiary. The acquisition, valued at Rs 25.23 crore, was disclosed in a regulatory filing to the stock exchanges on 20 January 2026. The transaction is being executed through a Share Purchase Agreement. Before entering into this agreement, Genus Power held a 13.51% stake in NIPL. The company said the…

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India | Finance | News

Power distribution utilities post profit after years of losses
By January 20, 2026January 20, 2026

India’s power distribution utilities have reported a consolidated Profit After Tax (PAT) of Rs 2,701 crore in FY 2024–25, marking a shift after several years of losses. The figures cover distribution companies and power departments and were released by the Ministry of Power on 18 January 2026. The sector’s return to profitability contrasts with a loss of Rs 25,553 crore in FY 2023–24 and a loss of Rs 67,962 crore in FY 2013–14. Distribution utilities…

Read More Power distribution utilities post profit after years of losses
India | Finance | News

BluPine Energy secures Rs 5,400 crore refinancing facility from Axis Bank
By January 20, 2026January 20, 2026

BluPine Energy, a renewable energy platform owned by private equity firm Actis, has secured a Rs 5,400 crore long-term loan facility underwritten by Axis Bank. The funding will be used to refinance existing debt across the company’s portfolio of operational renewable energy projects. The loan facility carries an interest rate of around 7.70% and has a tenor ranging from 16 to 20 years. It is secured against BluPine Energy’s portfolio of 17 special purpose vehicles…

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