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    Power Sector News Roundup for February 20, 2026

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    InoxGFL Group firms win bid for Wind World IPP and O&M businesses Two companies under the INOXGFL Group have been declared successful bidders to acquire the Independent Power Producer (IPP) and Operations & Maintenance (O&M) businesses of Wind World India Limited. The transactions were executed through a consortium led by Inox Neo Energies and were finalised after approval from the Committee of Creditors (CoC) under the Corporate Insolvency Resolution Process (CIRP) overseen by the National…

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    Power Sector News Roundup for February 19, 2026

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    AdaniConneX incorporates Navi Mumbai Power Distribution subsidiary AdaniConneX Private Limited (ACX), a 50:50 joint venture of Adani Group and EdgeConneX, has incorporated a wholly owned subsidiary, Navi Mumbai Power Distribution Limited (NMPDL). NMPDL has been incorporated in India and registered with the Registrar of Companies (RoC), Ahmedabad, with a subscribed capital of Rs 100,000 divided into 10,000 equity shares of Rs 10 each, and ACX indirectly holds a 50 per cent stake. NMPTL has been…

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    Power Sector News Roundup for February 18, 2026

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    Adani Green incorporates Skyspin Energy as step-down subsidiary Adani Green Energy Limited has incorporated a new step-down subsidiary, Skyspin Energy Limited (SEL). The entity was registered on February 17, 2026, as a wholly owned subsidiary of Adani Renewable Energy Holding Eleven Limited (AREH11L), an existing subsidiary of the company. SEL has been registered with the Registrar of Companies in Gujarat, with its registered office in Ahmedabad. At incorporation, the company has an authorised capital of…

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    Power Sector News Roundup for February 17, 2026

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    CIL solar capex rises to Rs 961 crore by January 2026 Coal India Limited (CIL) has reported capital expenditure of Rs 961 crore on solar energy projects as of January 2026, marking a 2.33 times increase over the corresponding period last year. The company achieved 132% of its progressive target of Rs 729 crore and exceeded its full-year solar capex target of Rs 957 crore for FY 2026. Solar installation costs have declined to Rs…

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    Power Sector News Roundup for February 16, 2026

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    INOXGFL group firms report strong Q3 FY26 growth Inox Wind Limited (IWL) and Inox Green Energy Services Limited (Inox Green), part of the INOXGFL Group, reported higher revenue and profit for the quarter ended December 31, 2025. IWL recorded consolidated revenue of Rs 1,238 crore in Q3 FY26, up 24% year-over-year, with EBITDA of Rs 313 crore and a margin of 25.2%. Profit before tax rose 62% to Rs 209 crore, while profit after tax…

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    Power Sector News Roundup for February 13, 2026

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    Inox Clean, RJ Corp form JV for African renewables Inox Clean Energy Limited, part of the INOXGFL Group, has formed an equal joint venture with RJ Corp Limited to enter the African renewable energy market. The partnership has acquired Skypower Services MENA Limited and plans to commission about 570 MW of renewable energy capacity in the initial phase. The projects are part of a multi-GW pipeline backed by sovereign-backed power purchase agreements and are expected…

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    Power Sector News Roundup for February 12, 2026

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    Bondada Engineering secures first major bank-funded term loan for BESS project Bondada Engineering Limited has received sanction for a term loan from Canara Bank to finance the debt component of its Battery Energy Storage System (BESS) project with TNGECL, the company announced in a regulatory filing. The sanction marks the company’s entry into large-scale, bank-funded infrastructure financing and represents a strategic shift toward asset ownership and annuity-based revenue models. The company is also eligible for…

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    Power Sector News Roundup for February 11, 2026

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    NCT backs transmission schemes for 25.5 GW renewable evacuation in Gujarat The National Committee on Transmission (NCT) has recommended interstate transmission schemes with a cumulative estimated cost of Rs 24,048 crore for evacuation of 25.5 GW of renewable energy from Gujarat. The outlay includes Rs 7,688 crore for Jam Khambhaliya REZ Phase II (5,500 MW) and Jamnagar Phase-I (1,000 MW), Rs 7,506 crore for Lakadia REZ Phase II (7,500 MW), and Rs 8,854 crore for…

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    Power Sector News Roundup for February 10, 2026

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    Bajaj Electricals posts Rs 34 crore loss in Q3 FY26 Bajaj Electricals Limited reported a consolidated net loss of Rs 34 crore for the quarter ended December 31, 2025, compared with a profit of Rs 33 crore in the same period last year. Revenue declined 18.5% year on year to Rs 1,051 crore, while EBIT turned negative at Rs 8 crore. The company cited channel inventory normalisation in its Consumer Products segment and an exceptional…

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    Power Sector News Roundup for February 9, 2026

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    Advait Energy signs hydrogen MoUs, wins Power Grid crane order Advait Energy Transitions Limited informed exchanges on February 7, 2026, that its subsidiary, Advait Greenergy Private Limited, signed three non-binding Memoranda of Understanding (MoUs) during the India Energy Week held from January 27 to 30, 2026. The MoUs cover hydrogen storage systems with V J Industries, Proton Exchange Membrane (PEM) and Anion Exchange Membrane (AEM) electrolyser technology with CENmat, and AEM electrolyser-based opportunities in India…