Power Sector News Roundup for May 25, 2026
Suzlon secures 195 MW repeat order from Sunsure Energy
Suzlon Energy Limited has secured a repeat order of 195 MW from Sunsure Energy, taking total sales of its 3 MW platform to nearly 9 GW. The project will be developed in the Bijapur district of Karnataka and will expand the partnership between the two companies to nearly 300 MW across Maharashtra and Karnataka. The order includes the supply and installation of 65 units of Suzlon’s S144 wind turbine generators (WTGs), each with a rated capacity of 3.0 MW, along with comprehensive operations and maintenance (O&M) services after commissioning. Following the order, Suzlon’s Karnataka orderbook has crossed 2 GW, while its installed base in the state stands at 1,500 MW, accounting for 24% of its installed capacity in South India. The company stated that its S144 platform has secured more than 2.4 GW of orders in fiscal year (FY) 2026, driven by demand from the commercial and industrial (C&I) segment for round-the-clock (RTC) renewable energy solutions.
NALCO gets EAC nod to expand Angul power plant, greenbelt concerns flagged
The Expert Appraisal Committee (EAC) for Thermal Projects has recommended grant of Terms of Reference (ToR) for National Aluminium Company Limited’s (NALCO) proposal to expand its captive power plant at Angul, Odisha, from 1,200 MW to 2,280 MW. The Rs 11,313.47 crore project involves installation of 4×270 MW sub-critical units. The EAC flagged concerns over reduction of greenbelt area from 63.8% to 38.36% within the plant area, though this remains above the prescribed 33% requirement. NALCO proposed compensatory plantation across ash pond areas and open land, taking the total post-expansion greenbelt to 286.40 hectares or 42.22% of the total project area. The committee also directed the company to undertake additional environmental measures, including village-side greenbelt buffers, groundwater monitoring systems, dust suppression systems, and periodic health camps for nearby residents.
NTPC Green Energy Q4 profit falls 15.5% despite revenue growth
NTPC Green Energy reported a consolidated net profit of Rs 197 crore for Q4 FY26, down 15.5% year-on-year from Rs 233 crore in the corresponding quarter last year. Revenue for the quarter increased 46.7% year-on-year to Rs 912.6 crore, while earnings before interest, taxes, depreciation and amortisation (EBITDA) rose 38.3% to Rs 774.5 crore. EBITDA margin narrowed to 84.9% in Q4 FY26 from 90% in Q4 FY25, reflecting higher operational costs during the quarter. For FY26, consolidated net profit increased 9.9% year-on-year to Rs 522.6 crore. The board also approved fundraising of up to Rs 5,000 crore through non-convertible debentures (NCDs) and approved incorporation of a joint venture with CtrlS Datacenters for renewable energy projects targeting digital infrastructure demand.
Andhra Pradesh inaugurates SAEL’s 600 MW solar projects in Kadapa
Andhra Pradesh Information Technology (IT) Minister Nara Lokesh inaugurated SAEL Industries Limited’s 600 MW solar power projects in Kadapa district. The projects, SAEL Solar MHP1 and SAEL Solar MHP2, were developed with an investment of nearly Rs 3,000 crore across more than 2,400 acres in T Konduru village in the Jammalamadugu area of Kadapa district. The integrated facility comprises two 300 MW solar projects deploying more than 12 lakh TOPCon bifacial solar modules assembled mainly at SAEL’s facilities in Punjab and Rajasthan. MHP1 commenced operations on January 30, 2026, while MHP2 commenced operations on March 13, 2026, with power to be supplied under a 25-year power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI). The company said the projects are expected to reduce carbon emissions by nearly 11 lakh tonnes annually and support around 760 farmers through long-term land lease agreements.
Hindustan Power signs 800 MW PSA with MP Power Management
Hindustan Power, through Anuppur Powerprojects Private Limited, has signed a power supply agreement (PSA) with MP Power Management Company Limited for supply of 800 MW of power from its upcoming unit in Anuppur, Madhya Pradesh. Under the agreement, power supply will commence from 2031 for a tenure of 25 years, extendable by an additional five years. The project will be developed under the Design, Build, Finance, Own and Operate (DBFOO) model. The proposed unit expands Hindustan Power’s operations at Anuppur, where earlier power generation units were commissioned during 2015 and 2016. The company stated that the project will support regional economic activity, employment generation, and long-term power availability in Madhya Pradesh.
SWELECT Energy reports FY26 PAT of Rs 57.58 crore
SWELECT Energy Systems Ltd. reported a consolidated profit after tax (PAT) of Rs 57.58 crore for FY26, compared to Rs 13.98 crore in the previous fiscal year. Total income for FY26 increased to Rs 693.21 crore from Rs 668.61 crore, while revenue from operations rose to Rs 657.12 crore from Rs 621.67 crore. Earnings before interest, taxes, depreciation and amortisation (EBITDA), before exceptional items, increased 30% year-on-year to Rs 187.46 crore. In Q4 FY26, total income declined to Rs 209.80 crore from Rs 232.86 crore in the year-ago quarter, while PAT rose to Rs 11.09 crore from Rs 8.98 crore. The company stated that growth was supported by expansion into Battery Energy Storage Systems (BESS) and continued investment in solar and BESS manufacturing infrastructure.
Vikran Engineering order book rises to Rs 5,737 crore in FY26
Vikran Engineering Limited reported that its consolidated order book stood at Rs 5,737 crore as of May 22, 2026. Solar projects accounted for 49% of the order book, followed by power transmission and distribution (T&D) at 39%, water infrastructure at 11%, and railway infrastructure at 1%. The company reported consolidated revenue from operations of Rs 647.4 crore in Q4 FY26, up 82.2% year-on-year, while profit after tax (PAT) increased 48.3% to Rs 56 crore. For FY26, revenue rose 36.4% to Rs 1,249.3 crore and PAT increased 17.8% to Rs 91.7 crore. During the year, the company acquired NOPL Solar Projects Private Limited, commissioned its second 5 MW solar power plant in Maharashtra under the PM KUSUM scheme, and secured Rs 531 crore worth of projects from Maharashtra State Electricity Distribution Company Limited (MSEDCL).
Goodluck India secures USD 13.6 million Nepal transmission line order
Goodluck India Limited has secured an export order from an engineering, procurement and construction (EPC) player in Nepal for supply of galvanized steel tower structures and fasteners for a 400 kV double-circuit transmission line project. The order covers manufacturing, prototype assembly, fabrication, galvanizing, bundling, and shipment of galvanized lattice steel towers and fasteners. The contract involves approximately 14,500 metric tonnes of material with a total value of USD 13.6 million. The company stated that this is the largest order secured by its business division so far, with execution planned over 18 months in phases. Goodluck India said the order strengthens its position in the international infrastructure market and reflects its manufacturing and project execution capabilities.