Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1) of FY 2026-27, registering a 15.9% year-on-year increase. The growth was driven by higher electricity demand during a hotter-than-normal summer, with...
Inox Clean Energy Limited, the integrated renewable energy platform of the INOXGFL Group, has secured an investment of Rs 700 crore from the Adar Poonawalla Family Office through Rising Sun Holdings Pvt. Ltd. The investment values the company at Rs...
Coal India Limited (CIL) plans to invest approximately Rs 1,900 crore in research and development (R&D) by the end of FY2030 as it increases focus on technologies with higher levels of commercial readiness. The company is expanding its R&D...
In a historic development for India’s power sector, the boards of Power Finance Corporation Limited (PFC) and REC Limited have approved a Scheme of Merger under Sections 230 to 232 of the Companies Act, 2013, for the amalgamation of REC into...
POWERGRID Corporation of India Limited’s Board of Directors has approved an increase in the company’s borrowing limit from Rs 1,80,000 crore to Rs 2,20,000 crore, subject to shareholders’ approval at the upcoming Annual General...
The West Bengal government has allocated Rs 5,345.16 crore to the Power Department in its 2026-27 budget, outlining a series of thermal power, renewable energy and transmission infrastructure projects to meet rising electricity demand. The budget...
Diamond Power Infrastructure Limited has approved a proposal to raise up to Rs 2,000 crore through a Qualified Institutions Placement (QIP), doubling its earlier fundraising limit of Rs 1,000 crore. The decision was taken by the company’s Board...
Power Finance Corporation Limited (PFC) and REC Limited have received the approval of the Hon’ble President of India for the proposed merger of REC into PFC, according to regulatory filings made by both companies. The Ministry of Power, through a...
ACME Solar Holdings Limited has completed a qualified institutions placement (QIP) of equity shares, raising around Rs 2,800 crore, according to a stock exchange filing dated June 4, 2026. The company’s Fund Raising Committee approved the allotment...
The Indian Energy Exchange (IEX) recorded a total electricity traded volume of 12,983 million units (MU) in May 2026, registering an 18.6% year-on-year (YoY) increase, according to a media release issued by the exchange on June 3, 2026. The growth...
The Government of India, acting through the Ministry of Power as the promoter of NHPC Limited, has exercised the oversubscription option for its Offer for Sale (OFS), increasing the total stake sale from 3% to 6% of NHPC’s paid-up equity share...
Solarium Green Energy Limited reported a 60% increase in revenue from operations to Rs 368 crore for the financial year ended March 31, 2026, driven by its strategic shift towards large-scale Engineering, Procurement, and Construction (EPC) projects...
Vikran Engineering Limited has outlined an ambitious growth strategy for the coming years, targeting a significant increase in revenue, entry into the data centre engineering, procurement and construction (EPC) segment, and potential expansion into...
Inox Wind Limited reported a consolidated net profit of Rs 91.3 crore for the quarter ended March 2026, down 51.1% from Rs 186.8 crore in the year-ago period, as geopolitical disruptions and delayed customer payments impacted profitability. Revenue...
RMC Switchgears Limited reported consolidated revenue from operations of Rs 401.59 crore for the financial year ended March 31, 2026, registering a year-on-year growth of 26.40%, according to a stock exchange filing. The company recorded consolidated...
Indian Renewable Energy Development Agency (IREDA) reported its highest-ever annual profit after tax (PAT) of Rs 1,873 crore for FY 2025-26, registering a 10% increase over Rs 1,699 crore recorded in FY25. The company’s Board recommended a final...
Schneider Electric Infrastructure Limited (SEIL) reported a 27.4% year-on-year rise in order inflow for FY26, while profit declined amid commodity price volatility and an adverse revenue mix during the fourth quarter. The company, part of Schneider...
Enviro Infra Engineers Limited reported steady revenue growth for FY26, supported by a sharp rise in its order book and expansion into renewable energy businesses, including solar, wind and battery energy storage systems (BESS). The company’s revenue...
India is expected to invest a record $170 billion in its energy sector in 2026, according to the International Energy Agency’s (IEA) World Energy Investment 2026 report. The report states that India has recorded an average annual growth of 11% in...
Bajel Projects Limited has reported its audited standalone financial results for the quarter and financial year ended March 31, 2026, recording its strongest annual performance since listing. The company reported standalone revenue from operations of...
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Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1)...