The Hinduja Group has committed to invest Rs 20,000 crore in Andhra Pradesh in multiple phases after discussions with Chief Minister N. Chandrababu Naidu in London. The investment will focus on expanding power generation, renewable energy capacity...
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...
REC Limited has approved Rs 7,500 crore in financing for a 1.04 GW hybrid renewable energy project being developed by Brookfield Asset Management in Kurnool, Andhra Pradesh. This marks the largest single funding sanction by REC for a private sector...
NTPC Limited reported a slight increase in its consolidated net profit for the second quarter of FY25, even as its revenue declined year-on-year. The company’s net profit stood at Rs 4,653 crore in Q2 FY25, up 0.11% from Rs 4,648 crore in the same...
Goldi Solar has raised Rs 14.22 billion in fresh funding to expand its solar manufacturing footprint. The round was led by Havells India Limited, with participation from a group of institutional and strategic investors. The consortium includes Ambit...
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...
India’s renewable energy companies reported solid financial performance for FY 2025-26, driven by higher earnings and improved margins. NTPC Green Energy reported a net profit of Rs 88 crore, up from Rs 38 crore the previous year. Revenue grew 21.5%...
Rayzon Solar has received approval from the Securities and Exchange Board of India (SEBI) to move ahead with its proposed Rs 15 billion initial public offering. The regulator issued final observations, clearing the way for the company’s market debut...
Singapore-based Keppel Ltd has acquired Shell Plc’s 49% stake in Cleantech Solar for around USD200 million, giving it full ownership of the company. Keppel previously held a 51% stake in the company and is reportedly planning to sell Cleantech Solar...
Avaada Electro, the solar manufacturing subsidiary of the Brookfield-backed Avaada Group, has filed confidential documents with the Securities and Exchange Board of India (SEBI) to raise between Rs 90–100 billion through an initial public offering...
The Competition Commission of India (CCI) has cleared the proposed acquisition of Jaiprakash Associates Limited (JAL) by Vedanta Limited under the corporate insolvency resolution process (CIRP) of the Insolvency and Bankruptcy Code, 2016. Vedanta, a...
EIB Global, the development arm of the European Investment Bank (EIB), will invest up to $60 million in the India Energy Transition Fund, a new greenfield infrastructure fund managed by EAAA Alternatives. The fund aims to accelerate private capital...
Inox Wind will set up a wind-blade and tower manufacturing facility in the Kyadigoppa Industrial Area, Kushtagi taluk, Koppal district, Karnataka, with a total investment of Rs 400 crore. The project will be executed in two phases, with Rs 300 crore...
The Securities and Exchange Board of India (Sebi) has uncovered insider trading worth over Rs 173 crore in shares of the Indian Energy Exchange (IEX) and barred eight people from the market after search operations last month. Sebi found that...
Enerica Regrid Infra Private Limited (EnerGrid), launched by IndiGrid, British International Investments, and Norfund, plans to raise USD 450–500 million to scale its greenfield portfolio. The funds will support bids and development of transmission...
Google has partnered with Adani Enterprises to build a $15 billion (Rs 13,318 crore) artificial intelligence (AI) hub in Visakhapatnam, Andhra Pradesh. The facility, Google’s largest outside the US, will include a 1 GW data centre campus, AI...
Viviana Power Tech Limited has signed multiple Memoranda of Understanding (MoUs) with the Gujarat government, worth Rs 2,448 crore, on the opening day of the Vibrant Gujarat Regional Conference (VGRC) 2025. The agreements cover the design, supply...
The Enforcement Directorate (ED) arrested Ashok Kumar Pal, CFO of Reliance Power, in a money laundering probe linked to a purported Rs 68.2 crore fake bank guarantee submitted to SECI. Reliance Power said the company and its subsidiaries were...
Adani Green Energy Ltd, led by Indian billionaire Gautam Adani, has secured around $250 million from a consortium of international banks, marking its first foreign currency loan since a US Department of Justice indictment. The funding will be used to...
Deon Energy Limited has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise Rs 1.5 billion through an initial public offering. The issue comprises a fresh sale of equity shares with a face value of Rs 10...
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NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited...
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STEAG Energy Services (India) Private Limited, a wholly-owned step-down subsidiary of Bluspring...
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Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1)...