Corporate actions

India | Finance | News

Vikran Engineering sets up solar SPV for NTPC project, extends Rs 49.15 crore loan
By February 5, 2026February 5, 2026

Vikran Engineering Limited has taken key corporate steps to support its renewable energy execution plans, including the incorporation of a project specific subsidiary for a large solar contract and the extension of an inter corporate loan. In regulatory filings dated February 3, 2026, the company said it incorporated a wholly owned special purpose vehicle, Vikran MP Solar Private Limited, on January 22, 2026. The SPV has been created to execute a 400 MW AC solar…

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India | News | T&D

PFC completes transfer of two transmission SPVs to winning bidders
By February 5, 2026February 5, 2026

Power Finance Corporation Limited (PFC) has completed the transfer of two wholly owned subsidiaries held through its subsidiary, PFC Consulting Limited, to successful bidders. The transfers were finalised on February 3, 2026, following completion of the bidding process. PFC stated that the transactions were conducted at arm’s length and are not related to any promoter or promoter group entities. The subsidiaries transferred are: SR and ER Power Transmission Limited, which was set up to strengthen…

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India | Finance | News

NHPC posts Q3 profit, declares interim dividend, updates on projects
By February 5, 2026February 5, 2026

NHPC Limited announced its financial results for the third quarter ended December 31, 2025, along with an interim dividend and updates on project commissioning and board level decisions. For Q3, NHPC reported a standalone profit of Rs 292.87 crore. Consolidated profit attributable to owners stood at Rs 219.12 crore. Standalone revenue from operations was Rs 1,877.47 crore, while consolidated revenue amounted to Rs 2,220.73 crore. The Board of Directors declared an interim dividend of Rs…

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India | News | Renewable Energy

Coal India clears renewable JV; board approves multiple investments
By February 5, 2026February 5, 2026

Coal India Limited (CIL) has approved the formation of a renewable energy joint venture in Uttar Pradesh, alongside a series of other corporate actions, including a large equity infusion into a gasification subsidiary and the creation of an overseas holding company. As part of its renewable push, CIL will set up a 51:49 joint venture with U.P. Rajya Vidyut Utpadan Nigam Limited (UPRVUNL). The proposed JV, which will be a subsidiary of CIL, will undertake…

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