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Servotech reports 58% rise in Q1 revenue, PAT up 75%

Servotech Renewable Power System Ltd. reported strong growth in revenue and profitability during the quarter ended June 30, 2026, driven by demand across its clean energy portfolio, which includes electric vehicle (EV) charging infrastructure, solar...

Adani Energy’s Q1 profit jumps 130% on transmission, smart metering growth

Adani Energy Solutions Limited (AESL) reported strong growth across its transmission, smart metering, distribution and Energy Solutions Platform businesses during the quarter ended June 30, 2026, with consolidated total income rising 40% year-on-year...

Atlanta Electricals reports 48% revenue growth in Q1 FY27

Atlanta Electricals Limited reported consolidated revenue from operations of Rs 466.33 crore for the quarter ended June 30, 2026, registering a 48.0% increase over the corresponding period last year. The growth was supported by execution of domestic...

TARIL posts Rs 572 crore Q1 revenue, order inflows jump 218%

Transformers and Rectifiers (India) Limited (TARIL) reported consolidated revenue from operations of Rs 572.34 crore for the quarter ended June 30, 2026, registering an increase of 8% over the corresponding period last year. The company also reported...

BHEL, SWREL, Borosil post strong Q1 FY27 numbers

Bharat Heavy Electricals Ltd (BHEL), Sterling and Wilson Renewable Energy Limited (SWREL) and Borosil Renewables reported updates on their order books and financial performance for the first quarter of FY27, highlighting continued activity across...

REC funds ACME Solar’s 450 MW assured peak power project

ACME Solar Holdings Limited has secured long-term project financing of Rs 2,646.64 crore from REC Ltd for the ACME Greentech Seventh 450 MW/1800 MWh Assured Peak Power Project. According to the company, REC Ltd will act as the sole lender for the...

BII, EAAIF back Blueleaf Energy’s India expansion through $75 million facility

British International Investment (BII) has partially syndicated its mezzanine debt investment in Blueleaf Energy to the Emerging Africa & Asia Infrastructure Fund (EAAIF), marking a new financing partnership to support the renewable energy...

ReNew-Mitsui RTC project secures US$730 million green loan refinancing

A 320 MW round-the-clock (RTC) hybrid renewable energy project developed by ReNew and Mitsui in India has secured refinancing through a US$730 million green loan from a consortium of 12 banks. The financing will be used to refinance the...

Emmvee’s PAT more than doubles to Rs 380 crore in Q1 FY27

Emmvee Photovoltaic Power Limited reported its strongest quarterly performance to date for the quarter ended June 30, 2026, driven by higher production volumes, increased utilisation of internally manufactured solar cells and operating leverage from...

Assam’s 2026-27 Budget bets big on pumped storage and green energy

The Assam government has announced a planned investment of Rs 77,353 crore in the power sector under the 2026-27 Budget, with a focus on expanding generation capacity, strengthening transmission and distribution infrastructure, and accelerating...

Serentica secures USD 345.1 million for Karnataka hybrid project

Serentica Renewables has secured debt financing of up to USD 345.1 million from a consortium of lenders led by the Asian Development Bank (ADB) to develop and refinance a solar-wind hybrid project in Koppal, Karnataka. The financing has been raised...

TPG-led consortium to acquire Aseem Infrastructure Finance

TPG has signed definitive agreements to acquire a 100% stake in Aseem Infrastructure Finance alongside co-investors GIC and ICICI Bank. The investment will be made through TPG Rise Climate, the firm’s dedicated climate investing platform, while...

Vedanta Power Q1 sales rise 38% YoY to 5,225 million units

Vedanta Power Limited reported power sales of 5,225 million units in the quarter ended June 30, 2026, up 38% from 3,786 million units in the corresponding quarter of the previous year. On a sequential basis, however, power sales declined 6% from...

IEX Q1 electricity trade rises 16% to 37.5 BU amid higher power demand

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...

Adar Poonawalla Family Office invests Rs 700 crore in Inox Clean

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 to invest Rs 1,900 crore in R&D by FY2030

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...

PFC, REC boards approve merger to create Rs 11 lakh crore lender

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 board approves higher borrowing limit, USD 500 million ECB

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...

West Bengal budget plans new thermal plant, floating solar and 15 new substations

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 approves Rs 2,000 crore QIP fundraising plan

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...

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Ampere partners Muthoot Capital to expand EV financing across India

Ampere, the electric two-wheeler brand of Greaves Electric Mobility Limited (GEML), has partnered...

L&T Q1 PAT rises 14% to Rs 4,123 crore; order book reaches Rs 778,954 crore

Larsen & Toubro Limited (L&T) reported consolidated Profit After Tax (PAT) of Rs 4,123 crore...

PFCCL incorporates SPV for 5×500 MVA Benachigere transmission project

PFC Consulting Limited (PFCCL), a wholly-owned subsidiary of Power Finance Corporation Limited...

NCT’s new scheme to act as “shock absorber” for northern grid

The National Committee on Transmission (NCT) has approved a Rs 4,378 crore transmission scheme to...

AMPIN Solar ONE rolls out first solar cell from 1.3 GW Odisha plant

AMPIN Solar ONE, the joint venture between AMPIN Energy Transition and Jupiter International...

India has nearly 47 GW BESS capacity under development, Parliament told

India has nearly 47 GW of Battery Energy Storage System (BESS) capacity at various stages of...

Shyam Sel and Power commissions 8.9 MWp solar project in West Bengal

Shyam Sel and Power Limited, a wholly owned subsidiary of Shyam Metals and Energy Limited, has...

Hisun Green commissions 220 kV transmission line for JSW in Maharashtra

Hisun Green Power Private Limited has commissioned the Harali 220 kV Double Circuit Transmission...

Suzlon Q1 net profit falls 6% to Rs 305 crore; revenue rises 22.5%

Suzlon Energy Limited reported a consolidated net profit of Rs 305 crore for the quarter ended June...

Hindalco submits proposal to NPCIL for 220 MW Bharat Small Reactors

Hindalco Industries has submitted a formal proposal to Nuclear Power Corporation of India Limited...