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

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…

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India | Finance | News

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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India | Finance | News

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…

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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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BHEL reports strong Q3 FY 2025–26 earnings growth
By January 20, 2026January 20, 2026

Bharat Heavy Electricals Limited (BHEL) has reported a sharp year on year improvement across key financial metrics for the quarter ended December 31, 2025. The unaudited results were approved by the board on January 19, 2026. For Q3 FY 2025–26, BHEL posted standalone revenue from operations of Rs 8,473 crore, up 16.4% from Rs 7,277 crore in the corresponding quarter last year. Net profit for the quarter rose to Rs 390 crore, compared to Rs…

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Dalmia Bharat exits O2 Renewable Energy V with full stake sale
By January 20, 2026January 20, 2026

Dalmia Bharat Limited (DBL) has divested its entire 25.44% equity stake in O2 Renewable Energy V Private Limited (OREV), ending its associate relationship with the renewable energy company. The transaction was completed on January 16, 2026. The sale was executed at around 1:15 PM on January 16, 2026, for a total consideration of Rs 10.82 crore. The stake had been held through Dalmia Cement (Bharat) Limited, a wholly owned subsidiary of DBL. The investment in…

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India | Finance | News

IREDA arm sanctions first overseas green energy loan
By January 19, 2026January 19, 2026

Indian Renewable Energy Development Agency Limited (IREDA) has announced that its wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), has sanctioned its first international green energy loan. The $22.5 million facility will support a 100 MW photovoltaic solar power project in Serenje District, Zambia. IREDA informed the stock exchanges through a regulatory filing dated 16 January 2026. The loan was approved at a Board meeting of IGGEFIL held in New Delhi and…

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Finance | India | News

SWREL posts strong 9M FY26 growth, raises order inflow outlook
By January 16, 2026January 16, 2026

Sterling and Wilson Renewable Energy Limited (SWREL) has reported strong revenue and operating performance for the third quarter of FY26 and raised its full year order inflow guidance to over Rs 11,000 crore, citing sustained demand in the renewable energy market. The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on 15 January 2026, for the quarter and nine months ended 31 December 2025. The statutory auditors issued…

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