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Waaree Renewable posts record Q3 revenue, strong profit growth
Waaree Renewable Technologies Limited (WRTL), the Engineering, Procurement, and Construction (EPC) subsidiary of the Waaree Group, has reported its highest-ever quarterly revenue in its unaudited financial results for the third quarter and nine months ended December 31, 2025. For the third quarter of fiscal year 2026 (Q3 FY26), revenue from operations stood at Rs 851.06…
PFC incorporates SPV for Fatehgarh-II synchronous condenser project
Power Finance Corporation Limited (PFC) has announced the incorporation of Fatehgarh II Transmission Limited as a wholly owned subsidiary of PFC Consulting Limited (PFCCL), which is itself a wholly owned subsidiary of PFC. The special purpose vehicle (SPV) has been formed for the installation of two Synchronous Condenser (SynCon) units at the 765/400/220 kV Fatehgarh-II…
BP completes acquisition of full stake in Lightsource bp, expanding renewable energy capabilities
BP has finalized its acquisition of the remaining 50.03% interest in Lightsource bp, fully integrating its 62 GW renewable energy pipeline across 19 markets worldwide into BP’s portfolio. Although BP now has full ownership, Lightsource bp will retain its brand and operate independently. This acquisition enhances BP’s renewable energy reach, supporting its broader low-carbon initiatives,…
Waaree Power to acquire 76% stake in Racemosa Energy
Waaree Power Private Limited, a subsidiary of Waaree Energies Limited, has approved the acquisition of a 76 per cent equity stake in Racemosa Energy (India) Private Limited. The deal is subject to definitive agreements, regulatory clearances, and standard closing conditions. Racemosa Energy, incorporated in 2018 in Maharashtra, manufactures smart meters. Waaree Energies stated that the…
Adani wins approval to acquire Jaiprakash Associates with Rs 14,535 crore plan
The Adani Group has received lender approval to acquire Jaiprakash Associates after its resolution plan secured 89 percent of the vote from the Committee of Creditors. The offer was valued at Rs 14,535 crore and was preferred for its higher upfront cash component over competing proposals from Vedanta and Dalmia Cement. The Committee of Creditors…
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, marking a major renewable energy development in the state. The projects, SAEL Solar MHP1 and SAEL Solar MHP2, were completed within 11 months with an investment of nearly Rs 3,000 crore. Located across more than…
