India INOX India, Suzlon Energy, and ACME Solar report Q2 FY26 results INOX India Ltd reported a 16% year-on-year revenue increase to Rs 371 crore in Q2 FY26, with EBITDA rising 18% to Rs 92 crore and profit after tax up 22.9% to Rs 62 crore. Export revenue stood at Rs 211 crore, contributing 57% to total income. For the first half of FY26, revenue reached Rs 723 crore, up 16.3%, with EBITDA at Rs…
India MNRE takes case-by-case approach on REIA bids The Ministry of New and Renewable Energy (MNRE) has decided against cancelling Renewable Energy Implementing Agency (REIA) projects in bulk and will assess each case individually. It aims to balance developer, DISCOM, and grid concerns as India moves toward storage-integrated renewable growth. REIAs have issued Letters of Award (LoAs) for 43,942 MW with unsigned Power Sale Agreements (PSAs), while 24,928 MW of PSAs have been finalized since…
India 93 GW renewable backlog triggers government action on unsigned PPAs and PSAs The Ministry of Power has instructed Renewable Energy Implementing Agencies (REIAs) to close or cancel pending renewable energy bids and Letters of Award (LoAs) by November 30, 2025, where Power Purchase Agreements (PPAs) or Power Sale Agreements (PSAs) cannot be signed. The move follows a review chaired by Secretary (Power) Pankaj Agarwal on October 17, 2025. Since FY 2023-24, REIAs have tendered…
India NTPC posts marginal rise in Q2 profit despite lower revenue NTPC Limited posted a marginal 0.11% increase in consolidated net profit at Rs 4,653 crore for Q2 FY25, compared to Rs 4,648 crore in the same quarter last year. Revenue from operations fell 2.9% year-on-year to Rs 39,166 crore. Earnings before interest, tax, depreciation, and amortisation rose 3.4% to Rs 10,019 crore. Operating margin improved to 25.6% from 24% a year earlier. ADB approves…
India India and Nepal advance cross-border power transmission projects India and Nepal have signed agreements to develop two high-capacity cross-border transmission corridors to strengthen electricity trade and regional energy cooperation. Power Grid Corporation of India Limited (POWERGRID) and Nepal Electricity Authority (NEA) will form two joint venture entities, one in each country, to implement the projects. The transmission lines include the 400 kV Inaruwa–New Purnea and 400 kV Lamki Dododhara–Bareilly double circuit (quad moose) links….
India MNRE issues new SOP for wind turbine and component certification The Ministry of New and Renewable Energy (MNRE) has released a new Standard Operating Procedure (SOP) for the Approved List of Models and Manufacturers for Wind (ALMM-Wind) and the Wind Turbine Components list (ALMM-WTC), replacing the earlier Revised List of Models and Manufacturers (RLMM). The SOP sets a two-tier certification system covering turbines and their major components such as blades, towers, and gearboxes. Each…
India Shree Cement commissions 20 MWp solar plant in Uttar Pradesh Shree Cement has commissioned a 20 MWp solar power plant in Chitrakoot, Uttar Pradesh, to supply electricity to its Etah grinding unit. Phase 1 has achieved commercial operation after approval from the Uttar Pradesh State Load Dispatch Centre. Phase 2 will be completed by Q4 FY2025–26. The project will offset about 22,000 tonnes of CO₂ annually and has created 30–40 local jobs. With this…
Global: Saft wins 356 MWh BESS contract with Foxwell Power in Taiwan India: Inox Solar signs Rs 70 billion supply deal with China’s LONGi Ministry of Coal issues vesting orders for three commercial coal blocks NTPC Green, Paradip Port sign MoU on green hydrogen Pace Digitek wins SECI order for 1,200 MWh BESS in Andhra Pradesh Rayzon Solar secures SEBI approval for Rs 15 billion IPO Crompton wins Rs 4.45 billion rooftop solar project in…
Global: Japan to fast-track nuclear restarts to cut fuel costs Pakistan’s Balakot hydropower project completes river diversion India: MNRE launches REEIMS for monitoring renewable energy equipment imports RREC withdraws wind and hybrid project procedure NHPC begins wet commissioning of first unit at Subansiri Lower HEP SRPC allocates 50 MW from KKNPP Unit 1 for startup of Units 3 and 4 JSW Energy to start 5-GWh battery plant in Pune Opposition grows to Rs 20,000 crore…
Global: Rondo Energy commissions world’s largest industrial heat battery India: India supports 10 Pacific nations with solar power under UN partnership Juniper Green commissions 64 MW renewable projects Vikram Solar secures 149 MW module order from Sunsure Energy Bondada Engineering awarded Rs 1,050 crore Adani solar project in Gujarat EQT retains Zelestra India, appoints Parag Sharma as new CEO Keppel gains full control of Cleantech Solar, eyes $400 million sale Kalpataru Projects secures Rs 2,332…