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…
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…
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…
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…
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…
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…
MNRE clarifies customs duty eligibility for wind turbine components Ministry of New and Renewable Energy (MNRE) has issued a circular clarifying revised eligibility for concessional customs duty on imported forged steel rings used in wind energy generators. The clarification, dated 04 February 2026, follows Notification No. 02/2026-Customs issued by the Department of Revenue on 01 February 2026. The notification inserts a new clause covering forged steel rings classified under tariff item 7326 90 99 when…
Russia revises lunar roadmap, plans nuclear power plant on MoonAt a major Russian space conference, officials outlined a revised lunar programme after the 2023 Luna-25 failure. The updated schedule prioritises Luna-26 in 2028, Luna-27A in 2029, Luna-27B in 2030, and Luna-28 in 2034. A central objective is deploying a small nuclear power plant on the Moon in the 2030s for the International Lunar Research Station. The programme is led by Roscosmos with China, with the…
Advait Energy wins Rs 20 crore ERS order from MSETCL Advait Energy Transitions Limited has secured a domestic Emergency Restoration System order from Maharashtra State Electricity Transmission Company Limited. The order was awarded on February 3, 2026, with a contract value of Rs 19,99,64,841.32, including taxes. It covers procurement of an ERS comprising ten towers, including six suspension towers and four angle towers. The execution period is six months. The company said the order was…
CEA seeks data on grid-forming inverter manufacturing capacity The Central Electricity Authority has asked manufacturers in India to submit details of Grid-Forming inverter production capacity. The exercise is aimed at assessing domestic readiness as renewable energy penetration in the national grid increases. In a formal communication, the Energy Storage System Division said higher solar and wind shares require wider deployment of GFM inverters to support grid stability and reliability. Manufacturers have been asked to share…