Bajel Projects Limited announced its financial results for the third quarter and nine-month period ended December 31, 2025, reporting a sharp improvement in profitability. The company said the expansion in margins was driven by a strategic shift toward higher value and more complex power transmission projects. For the nine-month period of FY26, Bajel Projects Limited…
Adani Energy Solutions Limited (AESL) announced on February 5, 2026, that it has delivered one crore smart electricity meters across India. The company said it is the first entity in the country, and possibly worldwide, to reach this scale. AESL also stated that its installation pace is the highest in the industry, with the next…
The Ministry of New and Renewable Energy (MNRE) has issued a circular notifying revised eligibility for concessional customs duty on imported forged steel rings used in wind energy generators. The clarification, dated February 4, 2026, follows a recent customs notification issued by the Department of Revenue. The update refers to Notification No. 02/2026-Customs issued by…
Solar Energy Corporation of India (SECI) has concluded the reverse auction for its 1,200 MW Interstate Transmission System connected wind power tender, Tranche XIX, with tariffs discovered in a narrow and competitive range of Rs 3.67 to Rs 3.69 per kWh. The auction followed a tender that was initially issued for 600 MW and later…
Waaree Energies Limited has secured an overseas solar module supply order through its United States subsidiary, adding to its international order pipeline. In a regulatory filing dated February 4, 2026, the company said its wholly owned subsidiary, Waaree Solar Americas Inc., has received an order to supply 150 MW of solar modules. The customer has…
Tata Power Company Limited reported robust financial performance for the third quarter and nine month period of fiscal year 2026, led by strong growth in its renewable energy, manufacturing, and distribution businesses. For the quarter ended December 31, 2025, Tata Power recorded consolidated profit after tax of Rs 1,194 crore. Revenue stood at Rs 14,485…
Vikran Engineering Limited has taken key corporate steps to support its renewable energy execution plans, including the incorporation of a project specific subsidiary for a large solar contract and the extension of an inter corporate loan. In regulatory filings dated February 3, 2026, the company said it incorporated a wholly owned special purpose vehicle, Vikran…
Solis has ranked first by market share in India’s rooftop solar inverter segment for the fifth consecutive year, according to an industry report. The CRISIL–Bridge to India Rooftop Map shows that Solis accounted for 25% of total inverter deployments in India’s rooftop solar market. The sector added 7,117 MW of capacity in the year ended…
REC Power Development and Consultancy Limited (RECPDCL) has invited competitive bids for two interstate transmission projects in Andhra Pradesh and Rajasthan. On February 3, 2026, RECPDCL issued a Request for Proposal (RfP) to select a transmission service provider (TSP) for the Transmission system for proposed Green Hydrogen / Green Ammonia projects in Vizag area, Andhra…
Power Finance Corporation Limited (PFC) has completed the transfer of two wholly owned subsidiaries held through its subsidiary, PFC Consulting Limited, to successful bidders. The transfers were finalised on February 3, 2026, following completion of the bidding process. PFC stated that the transactions were conducted at arm’s length and are not related to any promoter…