Inox Wind Limited reported a consolidated net profit of Rs 91.3 crore for the quarter ended March 2026, down 51.1% from Rs 186.8 crore in the year-ago period, as geopolitical disruptions and delayed customer payments impacted profitability. Revenue from operations fell 2.4% year-on-year to Rs 1,244.2 crore. EBITDA declined 21.5% to Rs 200 crore from…
KPI Green Energy Limited has appointed Rajesh Shrivastava as Additional Director and Whole-Time Director and proposed the re-appointment of Venu Birappa as Independent Director for a second term, subject to shareholder approval. The decisions were approved by the company’s Board of Directors at its meeting held on May 15, 2026, following recommendations from the Nomination…
Orient Green Power Company reported its highest-ever annual net profit for FY26, supported by strong wind generation, lower financing costs, the commissioning of its first solar project, and a one-time refund of excess interest charges. On a consolidated basis, total income increased 13% year-on-year (YoY) to Rs 315.57 crore in FY26 from Rs 278.89 crore…
ACME Solar Holdings Limited has incorporated four wholly owned subsidiaries to expand its renewable energy business. The companies, ACME Greentech Twenty Private Limited, ACME Greentech Twenty Two Private Limited, ACME Greentech Twenty Three Private Limited, and ACME Greentech Twenty Four Private Limited, were incorporated on May 9, 2026, with registered offices in Gurugram, Haryana. According…
Waaree Renewable Technologies Limited (WRTL) has signed definitive agreements to acquire a 55% stake in Associated Power Structures Private Limited (APSPL), formerly known as Associated Power Structures Limited, in a transaction valued at Rs 1,225 crore. Upon completion of the deal, APSPL will become a subsidiary of WRTL. The acquisition will be executed through a…
India’s renewable energy sector is grappling with execution challenges despite issuing a record 73 GW of utility-scale renewable energy tenders in 2024. According to a report by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics, weak demand for tenders, project cancellations, and delays in power sale agreements (PSAs) could…