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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…