NTPC Limited reported a slight increase in its consolidated net profit for the second quarter of FY25, even as its revenue declined year-on-year. The company’s net profit stood at Rs 4,653 crore in Q2 FY25, up 0.11% from Rs 4,648 crore in the same quarter last year. Revenue from operations fell 2.9% to Rs 39,166…
Saudi Arabia’s Power Procurement Company (SPPC) has awarded five renewable energy projects with a combined capacity of 4.5 GW under the sixth phase of the National Renewable Energy Programme (NREP). Supervised by the Ministry of Energy, the projects include one wind and four solar plants, representing total investments of more than $2.4 billion. SPPC will…
British International Investment (BII) is deepening its presence in India’s renewable energy sector through a series of strategic investments spanning generation, transmission, and manufacturing. In its latest move, BII has committed a USD 75 million financing facility to Blueleaf Energy to support the development of large-scale solar, wind, and battery storage projects. The initiative is…
Goldi Solar has raised Rs 14.22 billion in fresh funding to expand its solar manufacturing footprint. The round was led by Havells India Limited, with participation from a group of institutional and strategic investors. The consortium includes Ambit Global Private Client, Nikhil Kamath, Shahi Exports Private Limited, SRF Transnational Holdings Limited, and several private investment…
Adani Solar Energy Jodhpur Six Limited and Adani Renewable Energy Forty One Limited, both wholly owned stepdown subsidiaries of Adani Green Energy Limited (AGEL), have signed Power Consumption Agreements and Tripartite Agreements to supply 60 MW of solar-wind hybrid power to a commercial and industrial (C&I) customer. The power will be supplied from a 50…
Coal India Limited (CIL) reported a net profit of Rs 42.63 billion for the second quarter of FY26, a decline of 32.08 per cent from Rs 62.75 billion in the same period last year. Total income fell 1.10 per cent to Rs 323.27 billion from Rs 326.87 billion a year earlier. Adani Power posted a…
Larsen & Toubro (L&T) has secured a major role in TenneT’s High Voltage Direct Current (HVDC) offshore wind program. TenneT, the Dutch-German transmission system operator, nominated L&T in collaboration with Hitachi Energy to deliver advanced HVDC converter stations that will support renewable energy integration across the North Sea. The project aims to accelerate the transmission…
India and Nepal have signed key agreements to develop high-capacity cross-border transmission corridors, strengthening electricity trade and regional energy cooperation. Power Grid Corporation of India Limited (POWERGRID) and the Nepal Electricity Authority (NEA) formalised pacts to establish two joint venture entities, one in each country, for implementing the planned projects. The agreements were signed in…
Tenaga Nasional Berhad (TNB) has signed a memorandum of understanding (MoU) with the State Grid Corporation of China (SGCC), through its subsidiary China Electric Power Equipment and Technology (CET), to support Malaysia’s grid modernisation. The partnership will focus on power system planning and integration, development of smart and resilient networks, and adoption of digital and…
India’s renewable energy companies reported solid financial performance for FY 2025-26, driven by higher earnings and improved margins. NTPC Green Energy reported a net profit of Rs 88 crore, up from Rs 38 crore the previous year. Revenue grew 21.5% to Rs 612.3 crore, and EBITDA rose 26% to Rs 529.6 crore. Margins improved to…