REC Limited has reported a robust start to FY27, posting a 23% growth in standalone net profit to ₹4,149 crore for Q1. The Maharatna PSU also continues to strengthen its position in financing India’s power and renewable energy transition, with its renewable energy loan portfolio expanding significantly. The Board has also declared a first interim…
Emmvee Photovoltaic Power Limited has delivered its strongest first-quarter performance to date for Q1 FY27, reporting a significant growth across key financial and operational parameters. Key highlights:🔹 Revenue from operations increased 51% YoY to ₹1,555.5 crore🔹 Profit After Tax (PAT) surged 103% YoY to ₹380.3 crore🔹 EBITDA grew 56% YoY to ₹548.1 crore🔹 EBITDA margin…
Bondada Engineering Limited has strengthened its renewable energy portfolio by acquiring a 60% equity stake in Onix IPP Private Limited, gaining a controlling interest in a 225 MW (AC) solar power project in Maharashtra. The project is being developed under the PM-KUSUM Scheme (Component C) through the Mukhyamantri Saur Krushi Vahini Yojana 2.0 and is…
SJVN Limited has issued a retender for the development of Battery Energy Storage System (BESS) projects under its Battery Energy Storage Purchase Agreement (BESPA) framework. The initiative invites participation from Battery Energy Storage System Developers (BESSDs) for developing, owning, and operating storage projects on a Build-Own-Operate basis. The tender includes VGF-supported BESS capacities, including:🔹 250…
NTPC Limited, on behalf of NTPC Green Energy Limited (NGEL), has invited bids for the development of a 10 MLD Demineralisation Plant at the NGEL Green Hydrogen Hub in Pudimadaka, Anakapalli District, Andhra Pradesh. The EPC package covers complete project execution, including engineering, procurement, construction, commissioning, testing, and five years of comprehensive O&M services. The…
Shakti Pumps (India) Limited has announced its financial results for Q1 FY27, reporting a consolidated Net Profit After Tax (PAT) of ₹516 million, reflecting a 35% quarter-on-quarter growth. The company achieved record revenue from operations of ₹8,587 million, registering 39% year-on-year growth, driven by strong execution in government-led irrigation programmes, increased solar pump installations, and…
Waaree Renewable Technologies Ltd. has achieved a significant milestone by securing EPC orders for two ground-mounted solar PV projects with a combined capacity of 800 MWac (1,082 MWp). Under the contracts, the company will undertake engineering, procurement, and construction activities, further strengthening its capabilities in delivering large-scale renewable energy infrastructure. The new orders highlight Waaree…
India’s electricity demand continued its upward trajectory, with peak power demand increasing 12% year-on-year during April–June 2026, reflecting rising consumption driven by economic growth, industrial activity, and higher cooling requirements. The sustained growth in peak demand underscores the need for continued investments in renewable energy, grid infrastructure, and energy storage to ensure reliable and resilient…
NTPC Green Energy has posted a robust financial performance for Q1 FY27, with revenue rising 63% YoY to ₹1,107 crore and profit after tax (PAT) increasing 38%, reflecting strong operational momentum and continued expansion in the renewable energy sector. The impressive growth highlights the company’s accelerating renewable energy portfolio and reinforces its role in supporting…
Adani Power is evaluating Bina and Nigrie in Madhya Pradesh for its first nuclear power project, signalling a major step towards India’s clean energy transition. With a long-term ambition to develop 10 GW of nuclear capacity by 2035, the company is awaiting regulatory clarity on private-sector participation before moving ahead. The initiative aligns with India’s…
