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CIL solar capex rises to Rs 961 crore by January 2026

Coal India Limited (CIL) has reported capital expenditure of Rs 961 crore on solar energy projects as of January 2026, marking a 2.33 times increase over the corresponding period last year. The company achieved 132% of its progressive target of Rs...

Patel Engineering reports Q3 FY26 revenue of Rs 1,239 Cr

Patel Engineering Limited (PEL) reported consolidated revenue from operations of Rs 1,239 Cr in Q3 FY26, compared to Rs 1,206 Cr in Q3 FY25, reflecting a 2.81% year-over-year increase. Consolidated net profit for the quarter stood at Rs 71 Cr. As of...

NLCIL, NALCO sign MoU for 1200 MW thermal and renewable projects

NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with National Aluminium Company Limited (NALCO) to jointly develop thermal and renewable energy projects. The agreement is intended to meet NALCO’s long-term power requirements...

Ceigall India forms SPV for 220 MW Morena solar project

Ceigall India Limited has incorporated a wholly owned subsidiary, Ceigall Morena Solar BESS Park Limited, to execute a 220 MW solar project in Madhya Pradesh. The entity was incorporated in India on February 13, 2026, as a Special Purpose Vehicle...

PFC, MECON sign MoU for green energy collaboration

Power Finance Corporation Limited (PFC) has signed a Memorandum of Understanding (MoU) with MECON Limited to enhance cooperation across infrastructure and energy projects. The agreement places emphasis on emerging segments such as green hydrogen...

INOXGFL group firms report strong Q3 FY26 growth

Inox Wind Limited (IWL) and Inox Green Energy Services Limited (Inox Green), part of the INOXGFL Group, reported higher revenue and profit for the quarter ended December 31, 2025. IWL posted its strongest quarterly performance to date, while Inox...

MoP revises ash utilisation norms for thermal power plants

The Ministry of Power (MoP) has issued revised guidelines mandating coal and lignite-based thermal power plants (TPPs) to achieve 100 per cent ash utilisation in line with notifications of the Ministry of Environment, Forest and Climate Change...

NHPC, GRIDCO sign MoU for 1,000 MW Masinta pumped storage project

NHPC Limited and Grid Corporation of Odisha (GRIDCO) have signed a Memorandum of Understanding (MoU) to jointly explore the development of a 1,000 MW pumped storage project at Masinta in Deogarh district, along with other renewable energy...

PFC and REC move ahead with proposed merger

Power Finance Corporation Limited (PFC) and REC Limited have informed the stock exchanges that they are proceeding with a proposed merger after the PFC board granted in-principle approval on February 6, 2026. In a joint filing dated February 12...

GUVNL awards 335 MW BESS tender to three bidders

Gujarat Urja Vikas Nigam Limited (GUVNL) has awarded its 335 MW/670 MWh standalone battery energy storage system (BESS) tender to three bidders.   Advait Energy Transitions  Limited secured 150 MW at the L1 tariff of Rs 2.10 lakh per MW per month...

Alpex Solar invests Rs 10 crore in subsidiary, scales capacity

Alpex Solar Limited has approved an equity infusion of up to Rs 10 crore in its wholly owned subsidiary, Alpex Green Energies Private Limited, to support expansion, working capital, and operations. The subsidiary provides engineering, procurement...

Q3 FY26 earnings: INOX India, Coal India, Hindalco, Insolation Energy, Solex

INOX India Ltd, Coal India Limited, Hindalco Industries Limited, Insolation Energy Ltd, and Solex Energy have reported their Q3 FY26 results. INOX India recorded revenue of Rs 436 crore in Q3 FY26, up 27.4% year on year (YoY). Adjusted earnings...

POWERGRID acquires Bellary Davanagere transmission SPV

Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Bellary Davanagere Power Transmission Limited, a project-specific special purpose vehicle (SPV) formed for “Transmission system strengthening for integration of...

Rajesh Power forms transmission JV for East Central Railway

Rajesh Power Services Limited has signed a joint venture agreement with VITS Total Power Solutions Private Limited to bid for and execute a transmission project for East Central Railway. The joint venture will operate under the name RPSL-VITS JV...

Adani Power forms subsidiary for nuclear energy business

Adani Power Limited has incorporated Adani Atomic Energy Limited as a wholly owned subsidiary on February 11, 2026, marking its formal entry into the nuclear energy segment. Adani Atomic Energy has been registered in India with a mandate to generate...

Bondada Engineering signs MoU for green data centres

Bondada Engineering Limited has entered into a Memorandum of Understanding (MoU) with Dubai-based Bryanston Renewables FZCO to jointly develop green-powered data centres in India and select international markets. The agreement was formalised on...

Saatvik Cleantech to acquire 49% in Intelligent Hydel Solutions

Saatvik Green Energy Limited has informed the stock exchanges that its wholly owned subsidiary, Saatvik Cleantech EPC Private Limited, signed a Share Purchase Agreement on February 12, 2026, to acquire a 49% equity stake in Intelligent Hydel...

CleanMax raises Rs 15 billion in pre-IPO round led by Temasek, Bain

CleanMax Enviro Energy Solutions has raised Rs 15 billion in a pre-initial public offering (IPO) funding round led by Temasek Holdings and Bain Capital, ahead of its planned market debut expected later this month. The pre-IPO placement also saw...

Radiance Renewables raises $100 million equity from IFU and FMO

Radiance Renewables Private Limited has secured $100 million in equity investment from Impact Fund Denmark (IFU) and the Dutch entrepreneurial development bank FMO, with each institution committing $50 million. IFU’s investment has been made through...

SJVN posts higher Q3FY26 revenue and profit, declares interim dividend

SJVN Limited reported growth in consolidated revenue and net profit for the third quarter of financial year 2025-26, according to its financial results for the period ended December 31, 2025. Consolidated revenue from operations rose to Rs 1,081.97...

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Recent Posts

CERC clears over 13,000 MW in March adoption orders

The Central Electricity Regulatory Commission issued a batch of tariff adoption orders through March...

Power Sector News Roundup for April 10, 2026

Adani Green, IHC arm form JV for RE projects in India Adani Green Energy Limited (AGEL) has signed a...

Pace Digitek reports 178 BESS units deployed by March 2026

Pace Digitek Limited has announced a milestone in its energy storage business, with its subsidiary...

Vihaan Clean & Green commissions biomass boiler plant in Gujarat

Vihaan Clean & Green Tech Private Limited has launched a biomass-based boiler plant in Gujarat...

Neuron Energy commissions 5 GWh BESS plant in Maharashtra

Neuron Energy has commissioned a containerised battery energy storage system (BESS) manufacturing...

China’s CGN brings Southeast Asia’s largest solar project online in Laos

A 1 GW photovoltaic (PV) project in northern Laos has been connected to the grid, marking the...

JSW Energy exercises option to acquire full stake in JMPCL

JSW Energy Limited has exercised its call option to acquire the remaining 26% equity stake in JSW...

Saatvik Solar secures Rs 108.75 crore module order

Saatvik Solar Industries Private Limited, a subsidiary of Saatvik Green Energy Limited, has received...

Mahindra & Mahindra to take 26% stake in captive solar arm

Mahindra & Mahindra Limited (M&M) has approved the acquisition of a 26% equity stake in Neon...

Adani Green, IHC arm form JV for RE projects in India

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