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…
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…
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…
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…
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,…
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…
India Atlanta Electricals wins Rs 288 crore transformer orders Atlanta Electricals Limited said it has secured new orders worth Rs 288 crore from Karnataka Power Transmission Corporation Limited and a private power producer, according to a regulatory filing. The contracts involve the supply of power transformers and associated systems, with execution planned over the next…
India CEA flags widespread non-compliance with mandatory transformer standards The Central Electricity Authority has flagged continued non-compliance by power utilities with mandatory transformer and reactor rating standards. In a letter dated 24 January 2026, the CEA directed utilities and generation companies to strictly follow standard specifications for transformers and reactors rated 66 kV and above….
India JSW Neo Energy completes Tidong hydro acquisition JSW Neo Energy Limited has completed the acquisition of Tidong Power Generation Private Limited from Statkraft IH Holding AS on January 29, 2026. The transaction was valued at approximately Rs 1,728 crore and closed after regulatory approvals. Tidong Power is developing a 150 MW run of river…
India GE Vernova, L&T and Bondada report strong Q3 FY26 performance GE Vernova T&D India Limited, Larsen and Toubro Limited and Bondada Engineering Limited reported strong quarterly performance, supported by higher order inflows, improved execution and margin expansion. GE Vernova T&D India recorded a 58% year on year rise in revenue to Rs 17.0 billion…