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.
Reliance Power allots 10.55 crore shares aggregating INR 348.15 crore upon warrant conversion
Reliance Power said the capital infusion will strengthen its growth trajectory in the renewable energy sector.
De-risking investments for India’s energy transition
As India strives to move away from its reliance on coal and other fossil fuels, financing this transition remains one of the greatest hurdles. The key challenge lies in de-risking investments to attract the necessary capital for a sustainable and low-carbon energy future.
ReNew secures $100 million from BII to scale solar manufacturing operations
The funding will support the construction of a new state-of-the-art 4 GW TOPCon cell facility in Dholera, Gujarat.
India Ratings affirms Adani Green Energy’s credit rating at AA-, outlook stable
India Ratings and Research (Ind-Ra) has affirmed Adani Green Energy Ltd’s (AGEL) long-term issuer rating at ‘IND AA-’ with a Stable outlook. It has also resolved the rating watch with negative implications.
