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Reliance and L&T announce $13.5 billion data centre investments

Reliance Industries and Larsen and Toubro (L&T) have announced new investments totalling $13.5 billion. Digital Connexion, the joint venture of Reliance Industries, Brookfield and Digital Realty, has outlined an 11 billion dollar plan to develop...

Sembcorp weighs IPO for India renewable arm

Sembcorp Industries, which is backed by Temasek, is reportedly considering an IPO for its Indian subsidiary Sembcorp Green Infra. The launch could take place in the next eight to nine months. The talks are at an early stage and the size of the issue...

VRPL to acquire full equity in Refex Engineering Products

Venwind Refex Power Limited, a wholly owned unit of Refex Industries Limited, plans to buy 100 per cent equity in Refex Engineering Products Private Limited. The move will place REPPL as a step-down subsidiary of Refex Industries. REPPL is now fully...

TotalEnergies weighs sale of up to 6 per cent stake in Adani Green

TotalEnergies is reportedly preparing to sell up to 6 per cent of its holding in Adani Green Energy Limited. The stake is valued at about USD1.14 billion, and the company is exploring the move to realise part of the gains from its investment...

Adani wins approval to acquire Jaiprakash Associates with Rs 14,535 crore plan

The Adani Group has received lender approval to acquire Jaiprakash Associates after its resolution plan secured 89 percent of the vote from the Committee of Creditors. The offer was valued at Rs 14,535 crore and was preferred for its higher upfront...

POWERGRID clears plan to raise Rs 3,800 crore through new bond series

Power Grid Corporation of India Limited has approved the issuance of its 83rd bond series to raise up to Rs 3,800 crore. The decision was taken by the company’s Committee of Directors for Bonds at a meeting held on November 17 2025. The fundraising...

India’s renewable energy IPO landscape in 2025

India’s renewable energy sector saw strong activity in the public markets through 2025. Many companies filed draft papers, secured approval from the Securities and Exchange Board of India (SEBI), or closed successful public issues.   Solar...

JSW Energy raises Rs 250 crore through issue of unsecured NCDs

JSW Energy Limited has completed the allotment of Rs 250 crore in unsecured, listed Non-Convertible Debentures (NCDs). The Finance Committee approved the issuance on November 12, 2025, as part of a board-approved plan to raise up to Rs 3,000 crore...

SJVN to raise Rs 1,000 crore through revenue securitization of Nathpa Jhakri project

SJVN Limited’s Board of Directors has approved a proposal to raise up to Rs 1,000 crore and released its financial results for the quarter ended September 30, 2025. The decisions were taken during the board meeting held on November 10, 2025, and...

ReNew Energy net profit declines 5%, Torrent Power and others post strong Q2 growth

ReNew Energy reported a 5.3% year-on-year drop in its consolidated net profit to Rs 467.5 crore for the September quarter (Q2 FY26), compared to Rs 493.9 crore in the same period last year. The company’s total income, however, rose to Rs 3,855.7...

REC, SJVN, Reliance Power, and others report Q2 results

Several power sector companies have released their unaudited financial results for the second quarter (Q2) of FY 2025-26, showing varied performance across the sector. REC Limited posted a net profit of Rs 44.14 billion for Q2 FY 2025-26, up 9.3%...

Tata Power completes second tranche of investment in Bhutan hydropower project

Tata Power Company Limited has completed the second tranche of its planned investment in Khorlochhu Hydro Power Limited (KHPL), securing a 40% equity stake in the company developing a 600 MW hydropower project in Bhutan. The latest infusion of Rs 60...

ED makes third arrest in Reliance Power money laundering probe

The Enforcement Directorate (ED) has made a third arrest in its money laundering probe involving Reliance Power, part of Anil Ambani’s Reliance Group. The case pertains to an alleged fake bank guarantee worth Rs 68 crore. According to the ED, Kolkata...

PFC, Schneider Electric, and KPI Green announce Q2 FY2025-26 results

Power Finance Corporation (PFC) reported a consolidated net profit of Rs 44.60 billion for Q2 FY2025-26, an increase of 2.06% from Rs 43.70 billion in the same quarter last year. Revenue rose 11.82% year-on-year to Rs 147.60 billion, compared to Rs...

Orient Green, Ravindra Energy, Ola Electric, Amara Raja, NHPC post Q2 results

Orient Green Power Company Limited (OGPL) reported strong results for the half-year ended September 30, 2025. Revenue rose 20% year-on-year to Rs 21,839 lakh, while EBITDA grew 16% to Rs 17,023 lakh. Profit before tax increased 60% to Rs 10,971 lakh...

Fourth Partner Energy secures Rs 7.8 billion refinancing from NIIF-IFL

Fourth Partner Energy has raised Rs 7.80 billion in refinancing from NIIF Infrastructure Finance Limited (NIIF-IFL) for a major part of its rooftop solar portfolio. The transaction consolidates multiple project sites, off-takers, and regulatory...

INOX India, Suzlon Energy, and ACME Solar report Q2 FY26 results

INOX India Ltd, Suzlon Energy, and ACME Solar Holdings have reported solid financial results for the second quarter of FY26. INOX India Ltd recorded a 16% year-on-year increase in revenue to Rs 371 crore in Q2 FY26. EBITDA rose 18% to Rs 92 crore...

IEX power trade rises 16.5% in October as prices ease

The Indian Energy Exchange (IEX) recorded a total electricity trade volume of 11,233 million units (MU) in October 2025, up 16.5% year-on-year. The increase came amid improved power availability from hydro, solar, wind, and coal-based generation...

Hinduja Group to invest Rs 20,000 crore in Andhra Pradesh for energy and EV projects

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...

PGCIL profit dips 6%; GE Vernova, Hitachi post strong growth

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...

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Power Sector News Roundup for February 19, 2026

AdaniConneX incorporates Navi Mumbai Power Distribution subsidiary AdaniConneX Private Limited...

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Russia ratifies loan amendments for Bangladesh Rooppur nuclear project

The Russian State Duma has ratified amendments to four intergovernmental loan agreements with...

Power Mech wins EPC orders for Adani thermal projects

Power Mech Projects Limited has informed stock exchanges that it has secured large-scale contracts...

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GEAPP launches India grid accelerator with $25 million commitment

The Global Energy Alliance for People and Planet (GEAPP) has launched the India Grids of the Future...

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

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MIGA issues $197.67 million guarantee for SBI rooftop solar refinancing

The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group (WBG), has issued...

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

Indian clean-technology company Greenzo Energy has signed a strategic memorandum of understanding...

L&T, NVIDIA plan gigawatt-scale AI infrastructure venture in India

Larsen & Toubro (L&T) has proposed a venture with NVIDIA to build gigawatt-scale artificial...