India CEA issues guidelines for tariff bidding in WTE projects The Central Electricity Authority has released guidelines under Section 63 of the Electricity Act 2003 for tariff-based competitive bidding to procure power from new grid-connected Waste to Energy projects. The rules set a uniform process for procurement and apply only to projects that use commercially…
India PXIL appoints Vivek Singla as Managing Director and CEO Power Exchange India Limited has appointed Vivek Singla as its Managing Director and Chief Executive Officer. Singla has over 35 years of experience in the power sector, covering generation, transmission, distribution, renewables, and green hydrogen. An alumnus of Delhi Institute of Technology, FMS Delhi University,…
India ReNew Energy net profit declines 5%, Torrent Power and others post strong Q2 growth ReNew Energy reported a 5.3% year-on-year decline in consolidated net profit to Rs 467.5 crore for Q2 FY26, compared to Rs 493.9 crore a year earlier, even as total income increased to Rs 3,855.7 crore from Rs 2,988.7 crore, driven…
India Waaree Renewable Technologies expands EPC contract by Rs 27.22 crore Waaree Renewable Technologies Ltd. has expanded the value of its existing engineering, procurement, and construction (EPC) contract for a 980 MWp / 700 MWac solar project by Rs 27.22 crore. The company received formal confirmation of the enhancement on November 10, 2025. With this…
India PFC, Schneider Electric, and KPI Green announce Q2 FY2025-26 results Power Finance Corporation (PFC) reported a consolidated net profit of Rs 44.60 billion for Q2 FY2025-26, up 2.06% from Rs 43.70 billion a year earlier. Revenue rose 11.82% to Rs 147.60 billion, supported by loan book expansion and cost efficiency. The results were approved…
India BHEL secures Rs 6,650 crore EPC order for Darlipali Stage-II project Bharat Heavy Electricals Limited (BHEL) has secured an engineering, procurement, and construction (EPC) order worth over Rs 6,650 crore from NTPC Limited for the 1×800 MW Darlipali Supercritical Thermal Power Project Stage-II in Odisha. The contract, awarded through international competitive bidding, covers design,…
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%…
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…
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…
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,…