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CEL commissions 200 MW solar module plant in Uttar Pradesh
Central Electronics Limited (CEL), a central government-owned public sector undertaking, has commissioned a 200 MW solar module manufacturing facility in Uttar Pradesh. The plant was inaugurated by Union Minister of State Jitendra Singh, who highlighted the project’s execution timeline. According to Singh, CEL issued the request for proposal in April 2025, completed bidder selection within…
CIL approves IPO plans for SECL and MCL, up to 25% stake sale
Coal India Limited (CIL) has approved in-principle plans to list two of its subsidiaries, South Eastern Coalfields Limited (SECL) and Mahanadi Coalfields Limited (MCL), on domestic stock exchanges, with divestment of up to 25% equity in each through the Offer for Sale (OFS) route. The approvals were granted at CIL’s board meeting on March 23,…
Coal India, Adani Power, BHEL, L&T, and NLCIL post Q2 FY26 results
Coal India Limited (CIL) reported a net profit of Rs 42.63 billion for the second quarter of FY26, a decline of 32.08 per cent from Rs 62.75 billion in the same period last year. Total income fell 1.10 per cent to Rs 323.27 billion from Rs 326.87 billion a year earlier. Adani Power posted a…
PGCIL profit dips 6%; GE Vernova, Hitachi post strong growth
Power Grid Corporation of India Ltd (PGCIL) reported a net profit of Rs 3,566 crore for the quarter, down 6% from Rs 3,793 crore in the same period last year. Revenue rose 1.8% to Rs 11,476 crore from Rs 11,277 crore, while EBITDA declined 6.1% to Rs 9,114 crore. EBITDA margin fell to 79.4% from…
Saatvik Solar Industries secures new orders worth Rs 177.5 crore
Saatvik Green Energy Limited has reported that its material subsidiary, Saatvik Solar Industries Private Limited, has received new domestic orders for solar PV module supply valued at Rs 177.50 crore. The orders were placed by an established Independent Power Producer and EPC firm, indicating steady demand for the company’s products. The company said the orders…
Meghalaya likely to revive Kynshi Stage I hydro project
The Government of Meghalaya is likely to reinstate the old Memorandum of Understanding (MoU) with Athena Energy Ventures Private Limited (AEVPL) for the implementation of the Kynshi Stage I Hydro Electric Project. The project will be located on the Kynshi River and developed on a run-of-the-river (RoR) basis. The original MoU with AEVPL was scrapped…
