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CleanMax sets Rs 1,000–1,053 IPO price band; issue opens February 23

CleanMax Enviro Energy has fixed a price band of Rs 1,000 to Rs 1,053 per share for its initial public offering (IPO). The issue will open for subscription on February 23, 2026, and close on February 25, marking a listing focused on the...

SWELECT posts Rs 9.52 crore Q3 profit; income up 46.7%

SWELECT Energy Systems Limited reported a consolidated profit after tax of Rs 9.52 crore for the third quarter of fiscal year 2026, compared with a loss of Rs 10.58 crore in the corresponding quarter last year. Total income increased 46.7%...

ReNew narrows Q3 loss to Rs 198 million; income up 48%

ReNew Energy Global Plc reported a net loss of Rs 198 million (US$ 2 million) for the third quarter of fiscal year 2026, compared with a loss of Rs 3,879 million (US$ 43 million) in the same period last year. Total income for the quarter increased...

Rajasthan proposes Rs 2,900 crore for 4,830 MW solar parks in FY27

The Rajasthan government has proposed an outlay of about Rs 2,900 crore in Budget 2026-27 to develop solar parks aggregating 4,830 MW in Bikaner and Jaisalmer and to strengthen the state’s power infrastructure. The renewable projects will be...

Uttar Pradesh allocates Rs 65,926 crore for energy in FY27

The Uttar Pradesh government has proposed an outlay of Rs 65,926 crore for the energy sector in FY 2026-27, an increase of 8% over the previous year. The allocation forms part of the state’s Rs 9,12,696 crore annual budget and covers generation...

Patel Engineering reports Q3 FY26 revenue of Rs 1,239 Cr

Patel Engineering Limited (PEL) reported consolidated revenue from operations of Rs 1,239 Cr in Q3 FY26, compared to Rs 1,206 Cr in Q3 FY25, reflecting a 2.81% year-over-year increase. Consolidated net profit for the quarter stood at Rs 71 Cr. As of...

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 posted its strongest quarterly performance to date, while Inox...

PFC and REC move ahead with proposed merger

Power Finance Corporation Limited (PFC) and REC Limited have informed the stock exchanges that they are proceeding with a proposed merger after the PFC board granted in-principle approval on February 6, 2026. In a joint filing dated February 12...

Alpex Solar invests Rs 10 crore in subsidiary, scales capacity

Alpex Solar Limited has approved an equity infusion of up to Rs 10 crore in its wholly owned subsidiary, Alpex Green Energies Private Limited, to support expansion, working capital, and operations. The subsidiary provides engineering, procurement...

Q3 FY26 earnings: INOX India, Coal India, Hindalco, Insolation Energy, Solex

INOX India Ltd, Coal India Limited, Hindalco Industries Limited, Insolation Energy Ltd, and Solex Energy have reported their Q3 FY26 results. INOX India recorded revenue of Rs 436 crore in Q3 FY26, up 27.4% year on year (YoY). Adjusted earnings...

CleanMax raises Rs 15 billion in pre-IPO round led by Temasek, Bain

CleanMax Enviro Energy Solutions has raised Rs 15 billion in a pre-initial public offering (IPO) funding round led by Temasek Holdings and Bain Capital, ahead of its planned market debut expected later this month. The pre-IPO placement also saw...

Radiance Renewables raises $100 million equity from IFU and FMO

Radiance Renewables Private Limited has secured $100 million in equity investment from Impact Fund Denmark (IFU) and the Dutch entrepreneurial development bank FMO, with each institution committing $50 million. IFU’s investment has been made through...

SJVN posts higher Q3FY26 revenue and profit, declares interim dividend

SJVN Limited reported growth in consolidated revenue and net profit for the third quarter of financial year 2025-26, according to its financial results for the period ended December 31, 2025. Consolidated revenue from operations rose to Rs 1,081.97...

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 Tamil Nadu Green Energy Corporation Limited (TNGECL), the company announced in a...

NLC India posts record revenue and profit in April–December 2025

NLC India Limited reported its highest-ever revenue and profit for the nine-month period ended December 2025, supported by improved financial performance and progress across thermal power, mining, and renewable energy operations. On a standalone...

Oswal Pumps posts strong revenue growth in 9M FY26

Oswal Pumps Limited reported strong financial performance for the third quarter and the first nine months of FY26. For the nine-month period ended FY26, total income rose to Rs 15,692 million, reflecting a 47.0% increase compared to the same period...

Adani Energy secures Japanese financing for 6,000 MW HVDC link

Adani Energy Solutions Limited (AESL) has secured long-term financing from a consortium of Japanese banks for a high-voltage transmission project for improving renewable energy evacuation in northern India. The project is intended to support...

Pace Digitek reports Q3 FY26 growth; plans BESS capacity expansion from 5 GWh to 10 GWh

Pace Digitek Limited reported year-on-year growth in revenue and profit for the third quarter of FY26, supported by steady order inflows and execution across its energy and telecom infrastructure businesses. For the quarter ended December 31, 2025...

Genus Power appoints executive director, posts strong Q3 FY26 results

Genus Power Infrastructures Limited has announced the appointment of a senior executive director and approved its financial results for the third quarter ended December 31, 2025. The decisions were taken at a meeting of the Board of Directors held on...

Bajaj Electricals posts Rs 34 crore loss in Q3 FY26

Bajaj Electricals Limited reported a consolidated net loss of Rs 34 crore for the third quarter ended December 31, 2025, reversing a profit of Rs 33 crore recorded in the same quarter last year. The performance reflected an 18.5% year-on-year decline...

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CleanMax sets Rs 1,000–1,053 IPO price band; issue opens February 23

CleanMax Enviro Energy has fixed a price band of Rs 1,000 to Rs 1,053 per share for its initial...

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Greenzo, Lord’s Mark sign MoU for 60 MW green hydrogen projects in UP

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AdaniConneX incorporates Navi Mumbai Power Distribution subsidiary

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