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India | Finance | News

Saatvik Green posts revenue growth, expands manufacturing capacity
By February 5, 2026February 5, 2026

Saatvik Green Energy Limited reported strong growth in its quarterly and nine month financial performance, supported by higher volumes and improved operational efficiency. For the third quarter of fiscal year 2026, the company recorded consolidated revenue of Rs 12,570.2 million, marking a 143% year on year increase. Earnings before interest, taxes, depreciation, and amortization stood at Rs 1,647.6 million, up 134% year on year. For the nine month period of FY26, consolidated revenue rose 137%…

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India | News | T&D

Power Grid gets approval to merge transmission subsidiaries under two entities
By February 5, 2026February 5, 2026

Power Grid Corporation of India Limited has received regulatory approval to consolidate multiple wholly owned transmission subsidiaries into two entities, as part of a move to streamline its corporate structure. In a disclosure to the stock exchanges dated February 4, 2026, Power Grid said the Ministry of Corporate Affairs (MCA) approved two composite schemes of arrangement through orders issued on January 27, 2026. The schemes provide for the merger or amalgamation of seventeen wholly owned…

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India | Finance | News

NHPC posts Q3 profit, declares interim dividend, updates on projects
By February 5, 2026February 5, 2026

NHPC Limited announced its financial results for the third quarter ended December 31, 2025, along with an interim dividend and updates on project commissioning and board level decisions. For Q3, NHPC reported a standalone profit of Rs 292.87 crore. Consolidated profit attributable to owners stood at Rs 219.12 crore. Standalone revenue from operations was Rs 1,877.47 crore, while consolidated revenue amounted to Rs 2,220.73 crore. The Board of Directors declared an interim dividend of Rs…

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India | Finance | News

KPIL reports strong Q3, nine month growth on execution and order book strength
By February 5, 2026February 5, 2026

Kalpataru Projects International Limited (KPIL) posted strong financial performance in the third quarter and nine month period of fiscal year 2026, driven by higher revenues, margin expansion, and a solid order book. In its financial results released on February 4, 2026, KPIL reported consolidated revenue of Rs 6,665 crore for Q3 FY26, marking a 16% year on year increase. Profit before tax (PBT) before exceptional items rose 37% year on year to Rs 277 crore….

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India | News | Renewable Energy

Coal India clears renewable JV; board approves multiple investments
By February 5, 2026February 5, 2026

Coal India Limited (CIL) has approved the formation of a renewable energy joint venture in Uttar Pradesh, alongside a series of other corporate actions, including a large equity infusion into a gasification subsidiary and the creation of an overseas holding company. As part of its renewable push, CIL will set up a 51:49 joint venture with U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL). The proposed JV, which will be a subsidiary of CIL, will undertake…

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India | News | Renewable Energy

H.M. Electro Mech secures Rs 275.27 million solar BoS EPC order in Maharashtra
By February 5, 2026February 5, 2026

H.M. Electro Mech Limited has received a domestic work order valued at Rs 275.27 million from Twinsag Enterprise LLP for Balance of System works for multiple solar power projects in Maharashtra. The order was awarded on January 30, 2026. It covers an Engineering, Procurement and Construction (EPC) contract for Balance of System (BoS) works for setting up 32.4 MWp Solar Photovoltaic (PV) power projects at Songir, Jamkhed, and Arthe. The project sites are located at…

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India | Generation | News

BHEL receives LOI for 2 x 150 MW BTG package from Hindalco
By February 5, 2026February 5, 2026

Bharat Heavy Electricals Limited (BHEL) has secured a domestic order to supply a key power equipment package for a major aluminium project. In a filing to the stock exchanges on February 4, 2026, BHEL said it received a Letter of Intent (LOI) dated February 3, 2026, from Hindalco Industries Limited (HIL). The LOI relates to a boiler turbine generator (BTG) package for Hindalco’s Aditya Expansion Project Phase II at the Aditya Aluminium facility in Lapanga,…

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India | Leadership | News

ACME Solar appoints Rahul Kaushik as head of process transformation
By February 5, 2026February 5, 2026

ACME Solar Holdings Limited has appointed Rahul Kaushik to a newly created leadership role to strengthen operational governance and improve process efficiency across the organisation. In a press release dated February 4, 2026, the company announced Kaushik’s appointment as Head of Process Transformation. In this role, he will focus on building resilient and future-ready processes while reinforcing governance frameworks across ACME Solar’s expanding renewable energy portfolio. He will work closely with the senior leadership team…

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India | News | T&D

Advait Energy wins Rs 20 crore ERS order from MSETCL
By February 5, 2026February 5, 2026

Advait Energy Transitions Limited, formerly Advait Infratech Limited, has secured a domestic order for an Emergency Restoration System (ERS) from a state transmission utility. The order was awarded on February 3, 2026, by Maharashtra State Electricity Transmission Company Limited (MSETCL). The contract value stands at Rs 19,99,64,841.32, including taxes. It covers the procurement of an ERS comprising 10 towers. These include six suspension towers and four angle towers. The execution period is six months. In…

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India | News | Renewable Energy

NLC India’s arm wins SECI renewable plus storage project
By February 4, 2026February 4, 2026

NLC India Limited has informed the stock exchanges that its wholly owned subsidiary, NLC India Renewables Limited (NIRL), has received a Letter of Award from the Solar Energy Corporation of India Limited (SECI). The award is for setting up 600 MW of renewable energy capacity along with 300 MW or 1,800 MWh of Energy Storage Systems (ESS). The project forms part of a larger SECI tender for 1,200 MW of renewable capacity coupled with 600…

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