Power Finance Corporation (PFC) reported a consolidated net profit of Rs 44.60 billion for Q2 FY2025-26, an increase of 2.06% from Rs 43.70 billion in the same quarter last year. Revenue rose 11.82% year-on-year to Rs 147.60 billion, compared to Rs 132.00 billion in Q2 FY2024-25. The results were approved by the company’s Board of…
Bharat Heavy Electricals Limited (BHEL) has received a Notification of Award from NTPC Limited for executing the 1×800 MW Darlipali Supercritical Thermal Power Project Stage-II in Odisha’s Sundargarh district. The engineering, procurement, and construction (EPC) contract is valued at over Rs 6,650 crore, excluding GST. The order was issued on November 6, 2025, following an…
Pahal Solar Private Limited has confirmed an order for 112 MW of 600 Wp NDCR (Non-Domestic Content Requirement) solar modules from a South India-based client. The announcement was made on the opening day of the Renewable Energy India (REI) Expo in October 2025. The company said the deal reflects growing demand for its high-efficiency products,…
SJVN Limited announced the successful completion of the 72-hour trial run of Unit-1 (660 MW) of its 1,320 MW Buxar Thermal Power Project in Bihar on November 5, 2025. With this milestone, the company is set to begin commercial operations of the unit. SJVN Chairman and Managing Director Bhupender Gupta congratulated the project team, noting…
Inox Wind Limited (IWL) has announced new wind turbine orders totalling 229 MW. The company has received a 160 MW order from a leading independent power producer (IPP), including a firm order of 112 MW with an option to extend by another 48 MW. The project will use Inox Wind’s 3.3 MW turbine generators and…
Schneider Electric has appointed Amit Sharma as Vice President of Power Products and Digital Energy for the Greater India Zone, effective immediately. He succeeds Nikhil Pathak. In his new role, Sharma will focus on expanding the Power Products and Digital Energy businesses, strengthening software and digital power solutions, and driving innovation and customer engagement. Deepak…
Tata Power Company Limited will invest Rs 11,000 crore in a pumped hydro storage project at Shirawta in Pune, Maharashtra. Construction is scheduled to begin in July 2026 and will take about five years to complete. The project will be funded through a 70:30 debt-equity structure. The Shirawta facility, with a planned capacity of 1,800…
Jharkhand will require about $256 billion (Rs 21.52 lakh crore) between 2026 and 2070 to transition away from fossil fuels while maintaining social and economic stability, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). The study, “Jharkhand’s Just Transition: A Roadmap for Economic Growth and Diversification,” was prepared…
SAEL Industries Limited has signed a memorandum of understanding (MoU) with the Government of Andhra Pradesh to invest Rs 22,000 crore in renewable energy and infrastructure projects. The plan includes setting up over 1,750 MW of solar and battery storage systems across the Kadapa and Kurnool districts. The projects will be implemented through a tender-based…
Orient Green Power Company Limited (OGPL) reported strong results for the half-year ended September 30, 2025. Revenue rose 20% year-on-year to Rs 21,839 lakh, while EBITDA grew 16% to Rs 17,023 lakh. Profit before tax increased 60% to Rs 10,971 lakh, and consolidated PAT stood at Rs 10,956 lakh, up 38% from last year. Ravindra…