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.
Indian Energy Exchange (IEX) reported a 16.6% year-on-year (YoY) increase in electricity traded volume to 12,341 million units (MU) in April 2026, supported by strong growth in the Real-Time Market (RTM). India’s total energy consumption reached 154 billion units (BUs) in April, up 4% YoY. Demand was influenced by variable weather conditions, including unseasonal rainfall…
Larsen & Toubro Limited (L&T) reported a 3.1% year-on-year (YoY) decline in net profit for Q4 FY26 to Rs 5,326 crore, compared to Rs 5,497 crore in the corresponding quarter last year. Revenue rose 11.3% YoY to Rs 82,762.2 crore, while EBITDA increased 5% to Rs 8,611 crore. EBITDA margin declined to 10.4% from 11%…
Bharat Heavy Electricals Limited (BHEL) reported a strong financial performance for the quarter and fiscal year ended March 31, 2026, with standalone net profit more than doubling year-on-year. The Board of Directors also recommended a final dividend for FY 2025-26. For Q4, BHEL posted a standalone net profit of Rs 1,282.68 crore, up from Rs…
Servotech Renewable Power System Limited (formerly Servotech Power Systems Limited) reported its audited financial results for the fourth quarter and full year ended March 31, 2026, with growth supported by its renewable energy and EV charger businesses. Managing Director Raman Bhatia described FY26 as a transformational year, with the strongest quarterly performance since listing. In…
The Board of Directors of Power Grid Corporation of India Limited (POWERGRID) has approved a proposal to raise funds through an unsecured rupee term loan or line of credit of up to Rs 4,000 crore from State Bank of India (SBI). The decision was taken at a Board meeting held on Wednesday, April 30, 2026….
Waaree Energies Limited reported record financial results for the financial year 2026, with net profit more than doubling year-on-year. The Board of Directors, at a meeting held yesterday, approved the audited results and cleared a series of strategic decisions, including a major capital raise and entry into the semiconductor segment. The company’s consolidated revenue from…
BlackRock, Inc. has marginally reduced its shareholding in PTC India Limited through an open market transaction, according to a regulatory disclosure. In filings submitted to the Bombay Stock Exchange and the National Stock Exchange on April 29, 2026, under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, BlackRock, acting on behalf of its…
Adani Power reported a strong fourth quarter for FY26, with net profit rising 64.3% year-on-year to Rs 4,271 crore. However, full-year performance remained largely flat, with consolidated Profit After Tax (PAT) increasing 1.7% to Rs 12,971 crore from Rs 12,754 crore in FY25. The Q4 performance was supported by improved operational efficiency and higher capacity…
REC Limited reported its highest-ever standalone net profit of Rs 16,282 crore for the financial year ended March 31, 2026, up from Rs 15,713 crore in FY25. On a consolidated basis, net profit stood at Rs 16,308 crore in FY26, compared to Rs 15,884 crore in the previous year. Standalone net worth increased 9% to…
Skipper Limited reported its highest-ever annual revenue and profitability for the financial year ended March 31, 2026, supported by strong execution in the transmission and distribution (T&D) segment. On a standalone basis, revenue from operations rose 20% year-on-year to Rs 55,528 million from Rs 46,245 million in FY25. Profit after tax (PAT) increased 42% to…