Power sector

India | Finance | News

Tata Power posts strong Q3 as renewable, manufacturing units drive growth
By February 5, 2026February 5, 2026

Tata Power Company Limited reported robust financial performance for the third quarter and nine month period of fiscal year 2026, led by strong growth in its renewable energy, manufacturing, and distribution businesses. For the quarter ended December 31, 2025, Tata Power recorded consolidated profit after tax of Rs 1,194 crore. Revenue stood at Rs 14,485 crore, while earnings before interest, taxes, depreciation, and amortisation came in at Rs 3,913 crore. For the nine month period,…

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India | Finance | News

BHEL reports strong Q3 FY 2025–26 earnings growth
By January 20, 2026January 20, 2026

Bharat Heavy Electricals Limited (BHEL) has reported a sharp year on year improvement across key financial metrics for the quarter ended December 31, 2025. The unaudited results were approved by the board on January 19, 2026. For Q3 FY 2025–26, BHEL posted standalone revenue from operations of Rs 8,473 crore, up 16.4% from Rs 7,277 crore in the corresponding quarter last year. Net profit for the quarter rose to Rs 390 crore, compared to Rs…

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Analysis | Features

India’s power challenge moves beyond generation to system optimisation
By January 19, 2026January 19, 2026

India’s power sector has transitioned from addressing chronic shortages to managing a complex landscape of over-capacity, urban distribution challenges, and a large industrial self-generation fleet, according to official data. Recent reports from the Central Electricity Authority (CEA) indicate the national priority is shifting from simply adding generation capacity to optimising utilisation and integrating diverse energy sources. The Central Electricity Authority (CEA), in its reports All India Electricity Statistics – General Review and Growth of Electricity…

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India | Generation | News

MTAR Technologies wins Rs 3.10 billion Kaiga nuclear equipment order
By December 19, 2025December 19, 2025

MTAR Technologies Limited has secured an order valued at Rs 3.10 billion from Megha Engineering and Infrastructures Limited (MEL) for the supply of equipment for the Kaiga nuclear power project units 5 and 6. The contract covers the manufacture and supply of critical equipment for the two civil nuclear reactor units. Deliveries will be executed in a staggered manner and are scheduled to continue until February 2030. With this order, MTAR Technologies’ cumulative order inflows…

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Finance | India | News

Tata Power outlines 30 GW capacity target by FY30
By December 17, 2025December 17, 2025

Tata Power outlined its medium-term growth strategy at its Analyst Meet held on 15 December 2025, with a focus on clean and green energy, transmission, distribution, and emerging technologies. The company said it is targeting a total operational capacity of 30 GW by FY30, of which 20 GW is planned from clean and green sources such as renewable energy, hydro, and pumped storage projects. The roadmap is aligned with India’s target of 500 GW non-fossil…

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Global | News

ADB lends 100 million dollars for Sri Lanka’s power sector restructuring
By December 9, 2025December 9, 2025

Sri Lanka has secured a 100 million dollar policy loan from the Asian Development Bank (ADB) to advance reforms under the Power Sector Reforms and Financial Sustainability Program. The funding supports the unbundling of the Ceylon Electricity Board (CEB) under the 2024 Electricity Act and its 2025 amendment. The reforms aim to create separate entities for generation, transmission, system operation and distribution, introduce cost reflective tariffs and implement a clear debt restructuring plan. CEB carries…

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India | Leadership | News

REC promotes Hemant Kumar as Executive Director
By December 3, 2025December 3, 2025

REC Limited has promoted Shri Hemant Kumar to Executive Director with effect from 02 December 2025. The company announced the elevation in a filing to the stock exchanges. Shri Kumar previously served as Chief General Manager of Finance and Accounts. He holds a Master’s degree in Finance and a Bachelor’s degree in Science with Physics Honours. The new role places him one level below the Board. REC said the appointment is an internal promotion and…

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India | Leadership | News

NLCIL appoints Rajesh Pratap Singh Sisodia as Director of Planning and Projects
By December 3, 2025December 3, 2025

NLC India Limited has named Shri Rajesh Pratap Singh Sisodia as its Director of Planning and Projects, with effect from 02 December 2025. He took charge at the company’s Neyveli headquarters. Shri Sisodia brings more than 35 years of experience, largely from Bharat Heavy Electricals Limited, where he last served as Executive Director. His background covers design, site construction, and project management for major EPC projects across the power and industrial sectors. In his new…

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India | News | Policy & Programmes

Power Ministry sets up expert panels to resolve CPSU project disputes
By December 1, 2025December 1, 2025

The Ministry of Power has introduced a new system to settle contractual disputes in power projects executed by Central Public Sector Undertakings and statutory bodies under its oversight. The framework seeks to reduce delays in dispute resolution that often raise project costs and slow construction. The centrepiece of the reform is the creation of Conciliation Committees of Independent Experts. These committees offer an alternative to arbitration and court proceedings, which can be slow and expensive….

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India | News | Policy & Programmes

India Energy Stack taskforce reviews strategy and architecture
By November 26, 2025November 26, 2025

The Ministry of Power has advanced work on a national DPI for the energy sector through a meeting of the India Energy Stack Taskforce on November 24. The group reviewed key strategy and architecture documents that will guide the creation of a unified digital backbone for the full power value chain. The meeting examined the draft Strategy Document version 0.1 and the Architecture Document version 0.1. REC Limited is the Nodal Agency for the effort,…

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India | Finance | News

PFC, Schneider Electric, and KPI Green announce Q2 FY2025-26 results
By November 10, 2025November 10, 2025

Power Finance Corporation (PFC) reported a consolidated net profit of Rs 44.60 billion for Q2 FY2025-26, an increase of 2.06% from Rs 43.70 billion in the same quarter last year. Revenue rose 11.82% year-on-year to Rs 147.60 billion, compared to Rs 132.00 billion in Q2 FY2024-25. The results were approved by the company’s Board of Directors on November 7, 2025. The growth reflects PFC’s continued loan book expansion and efficient cost management within the power…

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India | Finance | News

Coal India, Adani Power, BHEL, L&T, and NLCIL post Q2 FY26 results
By October 31, 2025October 31, 2025

Coal India Limited (CIL) reported a net profit of Rs 42.63 billion for the second quarter of FY26, a decline of 32.08 per cent from Rs 62.75 billion in the same period last year. Total income fell 1.10 per cent to Rs 323.27 billion from Rs 326.87 billion a year earlier. Adani Power posted a net profit of Rs 29.53 billion for Q2 FY26, down 11 per cent from Rs 33.32 billion in Q2 FY25….

Read More Coal India, Adani Power, BHEL, L&T, and NLCIL post Q2 FY26 results
Global | News

World Bank launches program to decarbonise East Asia-Pacific power sector
By October 9, 2025October 9, 2025

The World Bank has announced a $2.5 billion initiative to help East Asia and Pacific countries decarbonise their power sectors, with a focus on scaling up renewable energy. The program will be implemented through the Multiphase Programmatic Approach (MPA), launched in 2024. The MPA provides financing from IDA and IBRD to support policy development, strengthen institutions, and fund transmission infrastructure for renewable energy integration. It also aims to de-risk clean energy investments to encourage private…

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India | News | Policy & Programmes

CEA seeks power utilities’ inputs on quality infrastructure measures
By October 7, 2025October 28, 2025

The Central Electricity Authority (CEA) has requested all power sector utilities to submit inputs on improving equipment and installation quality. This follows a meeting on 15 July 2025 chaired by the Advisor to the Prime Minister, where the importance of monitoring, enforcement, and use of modern technology, including drones, was highlighted. CEA oversees standards for power plants, transmission lines, and grid systems. It ensures equipment meets national or international norms and works with the Bureau…

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News | Generation | India

PM Modi lays foundation for hydro projects in Arunachal Pradesh
By September 24, 2025October 28, 2025

Prime Minister Narendra Modi has laid the foundation stone for two major hydroelectric projects in Arunachal Pradesh. The Heo Hydro Electric Project (240 MW) and Tato-I Hydro Electric Project (186 MW) will be developed in the Siyom sub-basin, with a combined investment of over Rs 3,700 crore. These projects aim to strengthen Arunachal Pradesh’s position as a power producer, generate employment for local youth, and provide affordable electricity to support regional development. The Prime Minister…

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Features | Analysis

Transformers: industry growth, demand drivers, and market outlook
By September 22, 2025September 22, 2025

A transformer works on the principle of electromagnetic induction. It transfers power from one circuit to another at the same frequency but with a change in voltage. The device has a steel core, usually laminated to reduce losses, which provides a path for magnetic flux. It has two windings: the primary, connected to the power source, and the secondary, connected to the load. Depending on how the windings are arranged, the voltage can step up…

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News | India | Renewable Energy

India’s power sector emissions fall 1% in early 2025
By September 19, 2025October 28, 2025

India’s power sector carbon dioxide emissions fell 1 per cent year-on-year in the first half of 2025, only the second decline in nearly 50 years, according to the Centre for Research on Energy and Clean Air (CREA). The fall was driven by record clean energy additions, mild weather that cut electricity demand, and higher hydropower output. Fossil fuel generation dropped 29 TWh, even as overall power output grew 9 TWh. India added 25.1 GW of…

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News | India | T&D

GoM suggests new debt restructuring scheme for State Discoms
By September 17, 2025October 28, 2025

A Group of Ministers (GoM) chaired by Power Minister Manohar Lal has proposed a new scheme to restructure the rising debt of State-owned power distribution companies (discoms). The panel said the liabilities should be formally recognised as obligations of the respective State governments. The Reserve Bank of India’s State Finance – A Study of Budgets of 2024-25 estimated the accumulated losses of discoms at Rs 6.5 lakh crore in FY23, equal to 2.4 per cent…

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India | Finance | News

Adani Group outlines $60 billion investment plan for India’s power sector
By September 8, 2025October 29, 2025

The Adani Group has announced plans to invest about $60 billion in India’s power sector by FY32, with major allocations across renewable energy, thermal power, and transmission and distribution. In an investor presentation, the group detailed that Adani Green Energy Limited (AGEL) will invest $21 billion by FY30. This will expand its renewable energy capacity from 14.2 gigawatts (GW) in FY25 to 50 GW. Adani Power is set to invest $22 billion by FY32, targeting…

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India | News

Q1 and FY results: SECI, SJVN, Kalpataru Projects, Suzlon Energy
By August 12, 2025August 12, 2025

Solar Energy Corporation of India (SECI) recorded a 15% increase in net profit to Rs 501.92 crore in FY 2024-25, supported by higher revenue. Revenue from operations was Rs 15,185.10 crore, compared with Rs 13,035.07 crore in FY 2023-24. SJVN Limited reported consolidated net profit of Rs 227.8 crore for the June 2025 quarter, down 36.2% year-on-year. Revenue from operations grew 5.4% to Rs 917.5 crore, while EBITDA increased 11.2% to Rs 742.4 crore. Operating…

Read More Q1 and FY results: SECI, SJVN, Kalpataru Projects, Suzlon Energy
India | News

Coal India permits market sale of surplus power from linkage coal plants
By August 11, 2025August 11, 2025

Coal India Limited (CIL) has permitted the sale of unrequisitioned surplus (URS) electricity generated by thermal power plants using its linkage coal under long and medium-term fuel supply agreements (FSAs) in power exchanges and markets. Under earlier rules, such surplus generation could only be supplied under power purchase agreements (PPAs) and could not be sold in the market. The restriction has now been removed through a revision to the Scheme for Harnessing and Allocating Koyala…

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India | News

GE Verova T&D and JSW Energy report profit growth in Q1 FY26
By August 1, 2025August 1, 2025

GE Verova T&D India Limited and JSW Energy posted significant year-on-year gains in their financial results for the first quarter of 2025–26. GE Verova T&D reported a net profit of Rs 2.91 billion, up 117.16 per cent from Rs 1.34 billion in the same period last year. The company’s total income rose to Rs 13.46 billion, a 38.76 per cent increase from Rs 9.7 billion reported in Q1 of the previous financial year. JSW Energy…

Read More GE Verova T&D and JSW Energy report profit growth in Q1 FY26
India | News

Reliance Group plans Rs 180 billion fundraise for energy expansion
By July 31, 2025July 31, 2025

Reliance Group has secured board approvals from Reliance Infrastructure and Reliance Power to raise Rs 180 billion through a mix of equity and debt to support its expansion into the power and renewable energy sectors. According to the company’s release, the fundraising will enable the group to execute its next phase of growth, which includes a strategic focus on clean energy, conventional power, and defence manufacturing. Reliance Power currently operates a portfolio of about 5.3…

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India | News

IEX, Adani Energy, and REC report strong Q1 earnings in FY26
By July 28, 2025July 28, 2025

Indian Energy Exchange (IEX), Adani Energy Solutions Ltd (AESL), and REC Ltd have reported improved financial performance for the first quarter (Q1) of financial year 2025–26. IEX posted a net profit of Rs 120 crore, up from Rs 96 crore in Q1FY25. Total income for the quarter stood at Rs 1,825.12 crore, while consolidated net sales rose 14.72% year-on-year (Y-o-Y) to Rs 141.75 crore. AESL reported a net profit of Rs 5.39 billion for the…

Read More IEX, Adani Energy, and REC report strong Q1 earnings in FY26
India | News

CEA and IIT Roorkee sign MoU for joint work on power sector research
By July 4, 2025July 4, 2025

On July 1, 2025, the Central Electricity Authority (CEA) and IIT Roorkee signed a Memorandum of Understanding (MoU) to work together on capacity building, research, and data sharing in the power sector. The MoU focuses on key areas: – Training CEA staff through IIT Roorkee’s online courses and short-term projects – Joint studies on decarbonization, energy efficiency, and just transition – Research on emerging technologies like green hydrogen, e-mobility, and battery recycling The MoU also…

Read More CEA and IIT Roorkee sign MoU for joint work on power sector research
India | News

Power Ministry launches task force to build India Energy Stack
By July 1, 2025July 1, 2025

The Ministry of Power has launched a dedicated task force to design the India Energy Stack (IES), a new digital public infrastructure aimed at transforming the power sector. Announced by Hon’ble Power Minister Shri Manohar Lal Khattar, the India Energy Stack will address long-standing gaps in data fragmentation and integration across the power sector. With rising renewable energy, electric vehicles, and decentralised generation, the sector faces increasing complexity. IES seeks to provide a unified solution….

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India | News

Power Ministry reviews Karnataka’s power sector, pushes for reforms
By May 27, 2025May 26, 2025

The Ministry of Power has completed a detailed review of Karnataka’s power sector, highlighting key areas for reform to improve efficiency and reliability. The ministry called for urgent financial reforms. Power utilities were advised to reduce annual losses and adopt cost-reflective tariffs to ensure financial sustainability. It also recommended timely clearance of government dues and subsidies, proposing a centralized payment mechanism to improve accountability and streamline payments. Utilities were directed to speed up the installation…

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India | News

Centre pushes for resource adequacy, smart metering at southern power review meet
By May 27, 2025May 27, 2025

The Regional Power Conference for Southern States and Union Territories was held in Bengaluru, chaired by Shri Manohar Lal, Union Minister for Power and Housing & Urban Affairs. Attendees included Shri Shripad Naik, Union Minister of State for Power and New & Renewable Energy, along with state ministers and senior officials. The meeting focused on future power demand, transmission expansion, financial viability of DISCOMs (distribution companies), and cyber security. Secretary (Power), Government of India, urged…

Read More Centre pushes for resource adequacy, smart metering at southern power review meet
India | News

JSW Energy and Tata Power report growth in FY 2024–25 results
By May 16, 2025May 16, 2025

JSW Energy Limited reported a 21 per cent year-on-year increase in Q4 revenue, reaching Rs 34.97 billion in the January–March quarter of FY 2024–25, compared to Rs 28.79 billion in Q4 FY 2023–24. For the full year, the company posted Rs 126.39 billion in revenue, up 6 per cent from Rs 119.41 billion in the previous year. Tata Power Company Limited recorded a net profit of Rs 47.75 billion in FY 2024–25, an 11.57 per…

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India | News

Centre sets August 2025 deadline for smart meters in government buildings
By May 16, 2025May 16, 2025

The Ministry of Power has directed that all government offices, buildings, and residential colonies be equipped with prepaid smart meters by August 2025. The goal is to reduce AT&C (Aggregate Technical & Commercial) losses and improve billing accuracy. This was announced at the Western States Power Conference in Mumbai on 13 May. Union Power Minister Manohar Lal stressed cooperation between the Centre and States to meet the Viksit Bharat 2047 goals. He urged States to…

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India | News

West Bengal, Odisha, Uttar Pradesh, Rajasthan outline power sector plans in state budgets
By February 21, 2025February 20, 2025

The Government of West Bengal has allocated Rs 41,410 million for the Department of Power in the State Budget 2025-2026. A sum of Rs 816 million has been proposed for the Non-Conventional & Renewable Energy Sources department. Plans include the installation of static meters for 726,000 consumers, expansion of e-vehicle charging infrastructure at 187 locations, and a 125 MW ground-mounted solar power project in Goaltore, Paschim Medinipur. The government is also undertaking a 150 MW…

Read More West Bengal, Odisha, Uttar Pradesh, Rajasthan outline power sector plans in state budgets
India | News

Union Minister reviews Kerala’s power sector scenario
By December 24, 2024December 24, 2024

Union Minister of Power Shri Manohar Lal reviewed Kerala’s power sector at a meeting in Thiruvananthapuram. Shri Suresh Gopi, Minister of State for MoPNG & Tourism, and Shri K Krishnankutty, Kerala’s Minister for Electricity, attended with officials from the State Government, GoI, and Power Finance Corporation (PFC). Key topics included power demand, supply, capacity additions in renewable, hydro, and nuclear sectors, and the status of the Revamped Distribution Sector Scheme (RDSS). Kerala highlighted concerns over…

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India | News

India ranks sixth globally in SBTi net-zero commitments
By December 4, 2024December 3, 2024

India has 127 companies committed to net-zero targets through the science-based target initiative (SBTi), ranking sixth globally. However, only 7% of these companies are from high-emission sectors such as power, cement, metals, and mining, which collectively contribute 55% of India’s total emissions, according to ICRA ESG Ratings’ latest report. The majority of commitments come from low to medium carbon footprint industries like textiles, software, and pharmaceuticals. SBTi is a voluntary framework where companies set and…

Read More India ranks sixth globally in SBTi net-zero commitments
India | News

CEA proposes new guidelines for type-testing periodicity of power equipment
By November 14, 2024August 7, 2025

The Central Electricity Authority (CEA) has released new draft guidelines on the periodicity of type tests for major equipment across the power value chain. A key proposal is to exempt transformers from repeating short-circuit tests solely due to changes in bushing or on-load tap changers (OLTC), provided these components have equal or superior ratings and have successfully passed type tests per IS/IEC standards. The guidelines, titled “Guidelines for the Periodicity of Type Tests for Major…

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India | News

Centre, Himachal discuss 4,300 MW pump storage projects
By November 8, 2024November 8, 2024

Union Minister of Power and Housing & Urban Affairs, Manohar Lal, held a meeting in Shimla to review Himachal Pradesh’s urban development initiatives and power sector advancements. Chief Minister Sukhvinder Singh Sukhu, Public Works & Urban Development Minister Vikramaditya Singh, and senior state and central government officials attended the meeting, focusing on the state’s Revamped Distribution Sector Scheme (RDSS) and hydroelectric projects. During the discussions, potential collaboration between Himachal Pradesh and the Bhakra Beas Management…

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India | News

BHEL sees 23% growth in order inflows in H1FY25
By October 30, 2024October 30, 2024

Bharat Heavy Electricals Ltd (BHEL) reported a 23% increase in order inflows in the first half of FY25, reaching Rs 41.09 billion, up from Rs 33.48 billion in H1FY24. The power sector led the order bookings, contributing 93% of the inflows. As of September 30, 2024, BHEL’s outstanding order book stood at Rs 1.60 trillion, with 78.5% from the power sector, 19.1% from the industry sector, and 2.3% from exports. BHEL’s power T&D offerings fall…

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India | News

PFC Infra Finance IFSC receives approval to operate in GIFT City
By October 18, 2024October 18, 2024

PFC Infra Finance IFSC Limited (PIFIL), a wholly owned subsidiary of Power Finance Corporation Limited (PFC), has been approved by the International Financial Services Centres Authority (IFSCA) to commence business as a finance company in IFSC GIFT City, Gujarat. PIFIL will be the first finance company in the IFSC dedicated to power and infrastructure lending, providing financing in foreign currency for both government and private entities in India and abroad. The company will focus on…

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