Sterlite Electric has appointed Sumil Mathur as Group Chief Financial Officer (CFO). He will oversee global financial strategy, capital management and corporate governance across the group’s businesses. In his new role, Mathur will be responsible for...
Gujarat-based Powertrac Group has invested Rs 600 crore to set up a 1,000 MWh per annum containerised Battery Energy Storage System (BESS) manufacturing facility in India. The company joins firms such as Hoymiles and Pace Digitek that have recently...
Vayona Energy has signed its first turbine supply agreement in India with Oyster Renewable Energy for a 64.8 MW wind power project in Kadapa district, Andhra Pradesh. The contract follows the company’s acquisition from Siemens Gamesa and marks its...
SWELECT Energy Systems Limited reported a consolidated profit after tax of Rs 9.52 crore for the third quarter of fiscal year 2026, compared with a loss of Rs 10.58 crore in the corresponding quarter last year. Total income increased 46.7%...
ReNew Energy Global Plc reported a net loss of Rs 198 million (US$ 2 million) for the third quarter of fiscal year 2026, compared with a loss of Rs 3,879 million (US$ 43 million) in the same period last year. Total income for the quarter increased...
Adani Green Energy Limited has incorporated a new step-down subsidiary, Skyspin Energy Limited (SEL). The entity was registered on February 17, 2026, as a wholly owned subsidiary of Adani Renewable Energy Holding Eleven Limited (AREH11L), an existing...
SJVN Limited has awarded a tender for a 250 MW/500 MWh standalone Battery Energy Storage System (BESS) in Panipat, Haryana, to Hardi Hydro Energy Private Limited at a tariff of Rs 1.97 lakh per MW per month. The tender was finalised two months after...
The Ministry of New and Renewable Energy (MNRE) has included Fujiyama Power Systems Limited in the fifth revised edition of the Approved List of Models and Manufacturers (ALMM) List-II for solar photovoltaic cells. The company’s facility in Gautam...
The Rajasthan government has proposed an outlay of about Rs 2,900 crore in Budget 2026-27 to develop solar parks aggregating 4,830 MW in Bikaner and Jaisalmer and to strengthen the state’s power infrastructure. The renewable projects will be...
The Uttar Pradesh government has proposed an outlay of Rs 65,926 crore for the energy sector in FY 2026-27, an increase of 8% over the previous year. The allocation forms part of the state’s Rs 9,12,696 crore annual budget and covers generation...
Hartek Group’s power systems business unit has secured cumulative orders worth Rs 735 crore across the utility, Independent Power Producer (IPP), and industrial segments. The contracts cover substation and transmission infrastructure projects ranging...
REC Limited has incorporated Vizag Power Transmission Limited as a wholly owned subsidiary through REC Power Development and Consultancy Limited (RECPDCL). The special purpose vehicle was established on February 16, 2026 for the project titled...
Siemens Energy India Limited has approved an investment of about Rs 2,060 crore to set up a new power transformer manufacturing facility with an additional capacity of around 30,000 MVA. The decision was cleared by the Board of Directors at its...
NTPC Limited (NTPC) has declared commercial operation of an additional 5 MW at the Maroda Reservoir-I Solar Power Project in Bhilai. The project is being implemented by NTPC-SAIL Power Company Limited (NSPCL), a joint venture of NTPC and Steel...
Torrent Power Limited has signed a definitive agreement to acquire 100% equity stake and convertible instruments in Nabha Power Limited (NPL) from L&T Power Development Limited (L&T PDL), a wholly owned subsidiary of Larsen & Toubro...
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 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...
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 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...
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...
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NTPC Renewable Energy Limited (NTPC REL), a wholly owned subsidiary of NTPC Green Energy Limited...
Assam’s transmission network set for upgrade with six new projects Assam Electricity Grid...
Quality Power Electrical Equipments Limited has announced that its material step-down subsidiary...
Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has...
The Northern Regional Load Despatch Centre (NRLDC) has identified multiple renewable energy...
India does not currently have commercially available instruments for continuous monitoring of...
India’s energy sector is going through a major transformation, driven by the powerful...
STEAG Energy Services (India) Private Limited, a wholly-owned step-down subsidiary of Bluspring...
ACME Cleantech Solutions Private Limited (ACME Group) has signed long-term offtake agreements with...
Indian Energy Exchange (IEX) traded 37,534 MU (37.5 BU) of electricity during the first quarter (Q1)...