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ReNew plans $500 million bond issue via GIFT City IFSC

ReNew Energy Global PLC is preparing to raise around $500 million through a U.S. dollar-denominated bond issuance routed via the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City). The proposed issue...

Waaree Energies posts record Q3 FY26 results

Waaree Energies Limited has reported record quarterly financial results for Q3 FY26, with standalone revenue and profit more than doubling year-on-year. For the quarter ended 31 December 2025, the company reported standalone revenue from operations...

KPI Green reports seventh straight quarter of record revenue in Q3 FY26

KPI Green Energy Limited has reported its highest-ever quarterly revenue for the seventh consecutive quarter in Q3 FY26. For the nine months ended 31 December 2025, consolidated Profit After Tax (PAT) rose 60%. The Board has also declared a third...

POWERGRID approves Rs 914 crore capex for cold spare equipment

Power Grid Corporation of India Limited (POWERGRID) announced on 20 January 2026 that its Committee of Directors on Investment on Projects has approved three capital expenditure proposals for procuring cold spare transformers and reactors. The...

Vikram Solar reports strong Q3 FY26 performance

Vikram Solar Limited announced its unaudited financial results for the quarter and nine months ended 31 December 2025 following a board meeting held on 20 January 2026. The company reported strong year on year growth in revenue, profitability, and...

Genus Power to acquire full stake in Newlectric Innovation

Genus Power Infrastructures Limited has signed an agreement to acquire the remaining 86.49% equity stake in Newlectric Innovation Private Limited (NIPL), making it a wholly owned subsidiary. The acquisition, valued at Rs 25.23 crore, was disclosed in...

Power distribution utilities post profit after years of losses

India’s power distribution utilities have reported a consolidated Profit After Tax (PAT) of Rs 2,701 crore in FY 2024–25, marking a shift after several years of losses. The figures cover distribution companies and power departments and were released...

BluPine Energy secures Rs 5,400 crore refinancing facility from Axis Bank

BluPine Energy, a renewable energy platform owned by private equity firm Actis, has secured a Rs 5,400 crore long-term loan facility underwritten by Axis Bank. The funding will be used to refinance existing debt across the company’s portfolio of...

BHEL reports strong Q3 FY 2025–26 earnings growth

Bharat Heavy Electricals Limited (BHEL) has reported a sharp year on year improvement across key financial metrics for the quarter ended December 31, 2025. The unaudited results were approved by the board on January 19, 2026. For Q3 FY 2025–26, BHEL...

Dalmia Bharat exits O2 Renewable Energy V with full stake sale

Dalmia Bharat Limited (DBL) has divested its entire 25.44% equity stake in O2 Renewable Energy V Private Limited (OREV), ending its associate relationship with the renewable energy company. The transaction was completed on January 16, 2026. The sale...

IREDA arm sanctions first overseas green energy loan

Indian Renewable Energy Development Agency Limited (IREDA) has announced that its wholly owned subsidiary, IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), has sanctioned its first international green energy loan. The $22.5 million facility...

SWREL posts strong 9M FY26 growth, raises order inflow outlook

Sterling and Wilson Renewable Energy Limited (SWREL) has reported strong revenue and operating performance for the third quarter of FY26 and raised its full year order inflow guidance to over Rs 11,000 crore, citing sustained demand in the renewable...

Emmvee reports strong Q3, 9M FY26 growth, expands module capacity

Emmvee Photovoltaic Power Ltd. has announced its unaudited financial results for the third quarter and nine months of the financial year 2025-26 (FY26), reporting sharp year on year growth in revenue and profitability. The company also highlighted a...

Waaree Renewable posts record Q3 revenue, strong profit growth

Waaree Renewable Technologies Limited (WRTL), the Engineering, Procurement, and Construction (EPC) subsidiary of the Waaree Group, has reported its highest-ever quarterly revenue in its unaudited financial results for the third quarter and nine...

BatteryPool raises Rs 8 crore in Pre-Series A round

BatteryPool, an Indian startup offering flexible, pay as you go battery access for electric vehicles, has raised Rs 8 crore in a Pre-Series A funding round. The investment was led by Inflection Point Ventures (IPV), with participation from Indian...

HPSEBL reports Rs 300 crore profit in April to December 2025

Himachal Pradesh State Electricity Board Limited (HPSEBL) has reported a profit of Rs 300 crore for the period ending December 31, 2025. This marks a sharp rise from the Rs 206 crore recorded in the corresponding period of the previous financial...

PFC opens Rs 5,000 crore secured NCD issue

Power Finance Corporation Limited (PFC) has announced the launch of a public issue of secured, redeemable, non-convertible debentures (NCDs). The issue has a base size of Rs 500 crore, with an option to retain oversubscription of up to Rs 4,500...

NLC India board clears NIRL listing, Rs 66.6 crore investment

NLC India Limited, following a meeting of its Board of Directors held on January 12, 2026, has granted in-principle approval for the listing of its wholly owned subsidiary, NLC India Renewables Limited (NIRL). The proposed listing is in line with the...

IREDA Q3 FY 2024-25 revenue rises 36% to Rs 1,699 crore

Indian Renewable Energy Development Agency Ltd. (IREDA) has reported strong year on year growth across financial and operational indicators in the third quarter of FY 2024-25. For Q3 FY 2024-25, revenue from operations rose to Rs 1,698.99 crore, up...

Oriana Power approves Rs 75 crore debenture issue

Oriana Power Limited (Oriana Power) has approved a Rs 75 crore fundraising plan through a private placement of debentures. The decision was taken at a meeting of the Board of Directors held on 5 January 2026. The funds are intended to support the...

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Power Sector News Roundup for March 13, 2026

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