Websol posts INR 154.70 crore profit in FY 2025
Websol Energy System Ltd, a solar cell and module manufacturer, has reported revenue from operations of INR 575.5 crore for FY 2025, a significant increase from INR 25.9 crore in FY 2024. The company has posted a net profit (PAT) of INR 154.70 crore in FY 2025, compared to a loss of INR 121 crore in the previous fiscal year.
Husk Power Systems receives $5 million debt financing from IFC
The financing package will enable Husk Power Systems to develop and operate up to 108 mini-grid sites in Nigeria.
Waaree Solar Americas announces $200 million investment in battery energy storage systems
The latest announcement follows parent company Waaree Energies’s commitment of up to $1 billion to the U.S. solar ecosystem, bringing Waaree’s total planned investment in the USA to $1.2 billion by 2028.
Hitachi Energy India Q4 revenue up 13.1% YoY
Hitachi Energy India has reported a revenue of INR 1,921.9 crore in January–March 2025, a YoY growth of 13.1%. Profit after tax is 61.8% up YoY at INR 183.9 crore.
Tata Power Q4 profit up 25% YoY to INR 1,306 crore
Tata Power has reported a net profit (profit after tax) of INR 1,306 crore and revenue of INR 17,328 crore for the fourth quarter of FY 2025.
GE Vernova unveils INR 1.4 billion investment plan to expand manufacturing footprint in India
GE Vernova has announced a strategic investment of around INR 1,400 million ($16 million) to expand its electrification manufacturing and engineering footprint in India. The investment includes the development of a new HVDC/FACTS manufacturing line in Chennai and a cutting-edge engineering & test lab in Noida.
Siemens Ltd new orders up 44% yoy in Jan-Feb-March quarter
Siemens Ltd has secured new orders worth INR 5,305 crore in the quarter ended March 31, 2025, 44% up year-on-year. Revenue for the quarter increased 2.6% to INR 4,259 crore.
BluPine Energy achieves financial closure of INR 376 crore for 100 MW solar project in Gujarat
BluPine Energy has achieved the financial closure of debt funding worth INR 376 crore for its 100 MW solar power project under development in Gujarat.
REC posts highest-ever annual profit of INR 15,713 crore
REC Ltd, a non-banking finance company focused on the power sector, has reported a record net profit of INR 15,713 crore for FY 2024-25, marking a 12% increase from INR 14,019 crore in FY 2023-24. Total income rose by 19% year-on-year to INR 55,980 crore.
NTPC to launch INR 4,000 crore NCD issue this week
NTPC has decided to raise INR 4,000 crore through the issuance of unsecured, non-convertible debentures on a private placement basis on May 9.
