Indian Energy Exchange (IEX) reported a profit after tax of Rs 1,073 million for the quarter ended December 2024, a 16.9% increase from Rs 918 million in the same period last year.
The company’s consolidated revenue grew by 13.7% to Rs 1,605 million in Q3 FY2024, compared to Rs 1,412 million during the corresponding quarter of 2023.
Saatvik Green Energy Limited has received a letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the installation of 1,500 solar water pumping systems under the Magel Tyala Saur Krishi Pump Yojana (MTSKPY) and the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Component B Scheme for 2025–2026. The project will…
CRI Pumps has been empanelled by Maharashtra State Electricity Distribution Company (MSEDCL) to supply 25,000 solar pumping systems under the Magel Tyala Saur Krushi Pump (MTSKP) scheme. Valued at Rs 7.54 billion, this initiative aims to promote renewable energy in Maharashtra’s agricultural sector. The solar pumps will help reduce farmers’ dependence on conventional electricity, enhancing…
Power Finance Corporation Limited (PFC) has withdrawn its proposed zero-coupon bond issuance of up to Rs 20 billion due to weak investor demand and higher-than-expected yield quotes. The issuance was structured with a base size of Rs 5 billion and a green shoe option of Rs 15 billion. It received bids worth Rs 14.7 billion…
Greenko Group, a leading renewable energy company in India, has appointed AFRY to provide detailed design engineering services for Rajasthan’s 1.8GW Shahpur pumped hydro energy storage project. The Shahpur pumped storage project is integral to Greenko’s strategy to drive the energy transition through large-scale, integrated renewable projects with advanced energy storage solutions. AFRY will provide…
Power Finance Corporation Limited (PFC) has completed the transfer of two wholly owned subsidiaries held through its subsidiary, PFC Consulting Limited, to successful bidders. The transfers were finalised on February 3, 2026, following completion of the bidding process. PFC stated that the transactions were conducted at arm’s length and are not related to any promoter…
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 Global Private Client, Nikhil Kamath, Shahi Exports Private Limited, SRF Transnational Holdings Limited, and several private investment…