Solarium Green Energy Limited reported a 60% increase in revenue from operations to Rs 368 crore for the financial year ended March 31, 2026, driven by its strategic shift towards large-scale Engineering, Procurement, and Construction (EPC) projects. The company reported profit after tax (PAT) of Rs 20 crore and earnings before interest, taxes, depreciation and…
ReNew Energy Global Plc reported a sharp rise in FY26 profitability, with net profit increasing to Rs 1,038.5 crore from Rs 459.1 crore in FY25, supported by higher revenues and strong growth in its manufacturing business. Total income for FY26 rose 38% year-on-year (YoY) to Rs 15,063.5 crore, compared to Rs 10,907 crore in the…
Solex Energy Limited reported a total income of Rs 1,621.1 crore for the financial year ended March 31, 2026, marking a 143.9% year-on-year (YoY) increase from Rs 664.8 crore in FY25. Revenue for the fourth quarter of FY26 stood at Rs 885.8 crore, up 247.6% YoY. The company’s Profit After Tax (PAT) for FY26 rose…
Cosmic PV Power Limited has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise Rs 6,400 million through an initial public offering (IPO). The issue comprises a fresh equity component of up to Rs 5,400 million and an offer for sale (OFS) of Rs 1,000 million…
Tata Power executes supplementary PPA for Mundra plant Tata Power has executed a Supplementary Power Purchase Agreement (SPPA) with Gujarat Urja Vikas Nigam Limited (GUVNL) for its 4 GW Mundra thermal power plant. Identical agreements are set to be signed with Maharashtra, Rajasthan, Punjab, and Haryana, enabling full capacity revival. The revised structure allows fuel…
Eastman Auto & Power Limited (EAPL) has operationalised an 800 MW solar photovoltaic (PV) panel and module manufacturing facility in Sonipat, Haryana. The company announced the commissioning on March 11, 2026, adding new capacity to India’s domestic solar manufacturing base. The Sonipat facility expands Eastman’s capabilities by integrating panel and module manufacturing with its existing…
Solex Energy Limited has received approval for its 3.78 GW solar module manufacturing facility in Surat, Gujarat, under the Approved List of Models and Manufacturers (ALMM) framework of the Ministry of New and Renewable Energy (MNRE). The listing enables the company to supply ALMM-compliant solar photovoltaic (PV) modules to government-supported solar projects in India. With…
Eastman Auto and Power Limited (EAPL) has received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO). The development marks a key step for the diversified energy solutions manufacturer operating across battery storage, power electronics and solar technologies. EAPL was incorporated in 2000 under the JRS Eastman…
Group Surya, parent of Surya International Enterprise Limited, has commissioned a fully automated G12R solar module manufacturing line at its Bhubaneswar facility in Odisha. The company stated that the line is the first in the state capable of producing G12R-format modules. The new line has an installed annual capacity of 500 MW and operates at…
Waaree Energies Limited stated that the US Department of Commerce’s preliminary countervailing duty (CVD) of 126% on solar modules using India-manufactured cells does not pose a material risk to its operations or financial guidance. The clarification was issued during a special analyst and institutional investor call held on February 25, 2026. Senior management, including Amit…