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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...

Jupiter International commissions 1 GW solar cell unit at Baddi

Jupiter International Ltd has commissioned a 1 GW mono-PERC solar cell manufacturing unit in Baddi, Himachal Pradesh, increasing its total installed solar cell capacity to approximately 2 GW. The new facility, set up by its wholly owned subsidiary...

Land constraints prompt redesign of Ananthapuram-III REZ transmission scheme

The National Committee on Transmission (NCT) has approved a revised transmission scheme for the Ananthapuram-III Renewable Energy Zone (REZ), reducing Phase-I capacity to 3 GW and replacing the proposed 765 kV Bidadi link with an alternative corridor...

POWERGRID wins Pune Region-I transmission expansion project

Power Grid Corporation of India Limited (POWERGRID) has been declared the successful bidder for an intra-state transmission project in Maharashtra under the Tariff Based Competitive Bidding (TBCB) framework, the company informed exchanges today. The...

Bondada Engineering secures first major bank-funded term loan for BESS project

Bondada Engineering Limited has received sanction for a term loan from Canara Bank to finance the debt component of its Battery Energy Storage System (BESS) project with Tamil Nadu Green Energy Corporation Limited (TNGECL), the company announced in a...

PVV Infra expands clean energy project to Rs 1,250 crore

PVV Infra Limited has entered into a technology collaboration with ITC Services Company Limited, Taiwan, raising the value of its integrated clean energy manufacturing project in Andhra Pradesh to approximately Rs 1,250 crore. The company’s board...

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IEX Q1 electricity trade rises 16% to 37.5 BU amid higher power demand

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