Power Generation
60 recent notes from companies in this sector. 20 companies tracked.
Torrent Power to report Q1 on Aug 3; Nabha deal in focus
The board meets on August 3 to approve June-quarter results. Closure of the ₹6,889 cr Nabha Power acquisition, expected in the quarter just ended, will be the key event.
Tata Power Q1 profit up 11%, targets ₹30,000 cr revenue by 2029
Consolidated PAT hits ₹1,401 crore for the 27th consecutive quarter of expansion; management brings forward revenue goal and expects Mundra plant clearances soon.
CleanMax to merge four units, mull NCD issue at 31 July board meet
Board to also approve Q1 results. The amalgamation and debt raise come as the company carries a debt-equity ratio of 3.11 and recently signed a 900 MW Meta deal.
JSW Energy adds record 1.1 GW in Q1, PAT slips on costs
Transcript confirms aggressive capacity additions and Maruti Clean Coal deal, but flattish revenue/EBITDA and falling PAT show cost headwinds from growth.
Tata Power lands ₹4,000 cr Karnataka transmission project
Q1 net profit rises 11% to ₹1,401 cr but the big news is an intra-state transmission LOI worth over ₹4,000 cr, expanding the regulated pipeline to 7,894 ckm.
Tata Power plans ₹4,500 cr NCD issue to refinance debt
A routine refinancing move within the July 2025 AGM limit. Net debt of ₹56,000 cr stays unchanged.
Waaree Renewable enters ANZ with New Zealand solar-BESS deal
An early-stage ECI agreement for a solar-plus-storage project marks the company's first ANZ market entry, but no value or capacity has been disclosed.
Tata Power Q1 net profit ₹1,401 cr, inline; no surprises
Consolidated revenue rose 5.6% YoY to ₹19,051 crore. The filing adds no new guidance or one-offs; market expectations were already baked in.
Orient Green Power's promoter pledge release slips to FY27, Andhra dispute deepens
The pledge release target is now end-FY27, and the company has set aside ₹6.5 crore against a ₹20 crore interest dispute with Andhra Pradesh. Revenue fell 7% in Q1.
RattanIndia Power's entire promoter stake is now free of pledges
RattanIndia's promoters have fully cleared a ₹550 cr facility, freeing the entire 44% stake from encumbrances.
Ravindra Energy's associate EIM partners HPCL for EV truck charging network
EIM will set up swap-and-charge hubs at select HPCL outlets on major freight corridors over 18–24 months. No financial terms disclosed.
Waaree Renewable bags 1,082 MWp solar EPC orders
Two Letters of Award for ground-mounted solar plants, totalling 800 MWac or 1,082 MWp, from a leading Indian RE company. Execution targeted for FY27-28.
Adani Energy Solutions posts record ₹3,178 cr EBITDA in Q1
EBITDA up 58% YoY, PAT up 130%; energy solutions platform revenue surges 100x to ₹1,839 cr driven by summer demand. Transmission pipeline at ₹71,779 cr, smart meter orders at 24.6M.
Adani Energy buys IntelliSmart for ₹3,050 cr, becomes top smart-meter player
Q1 profit up 42% to ₹1,236.56 cr, but the big news is the all-cash acquisition that hands Adani Energy Solutions a 4.7 crore-meter platform.
Adani Energy signs binding ₹3,050 cr IntelliSmart deal
Binding agreement for 100% of IntelliSmart creates India's largest smart metering platform with 4.7 crore meters. Q1 revenue climbs 43%, net profit more than doubles to ₹1,236 crore.
Acme Solar locks in 300MW hybrid PPA with SECI at ₹3.25/unit
A 25-year power purchase agreement adds roughly ₹256 cr in annual revenue, bringing PPA-signed capacity to 6,870 MW.
Jaiprakash Power doubles Q1 profit, writes off coal mines
Net profit surged to Rs 468.95 crore on higher generation, but an exceptional loss of Rs 193.63 crore from mine surrender and auditor qualifications on a Rs 5,696.51 crore claim temper the beat.
CBI searches Reliance Power office; legal storm deepens
The search, linked to transactions with Reliance Commercial Finance and Reliance Home Finance, follows recent ED seizures of promoter shares worth ₹762.75 cr and an auditor's going-concern flag.
CBI raids Reliance Infra office over Reliance Finance loans
The search on July 18 comes days after the company was named an accused in a CBI chargesheet. Already under ED attachment and NCLT proceedings, the small-cap power firm now faces another regulatory escalation.
Adani Power sets stage for equity raise at July 22 board meet
The board, originally to approve Q1 results, will also consider raising funds via QIP or private placement. No amount or terms disclosed, but the move signals active capital planning.
Vedanta Power's promoter encumbrance stays at 56.38% despite $1 bn fresh loan
A $1 billion promoter-level facility refinances group debt without adding new shares to the lock-up. The encumbered stake remains identical to the prior $1.75 bn bond – a non-event for Vedanta Power's equity.
NTPC board to mull ₹12,000 cr NCD plan alongside Q1 results on July 24
The plan is a modest debt raise at ~3.6% of market cap and needs shareholder approval. The trading window will remain shut until July 26.
Power Grid board to consider ₹35K cr FY28 borrowing plan
The Maharatna PSU will also raise its FY27 borrowing limit by ₹5,000 cr to ₹35,000 cr. Both proposals need shareholder approval.
Vedanta Power's guaranteed bonds upgraded to AA+ (CE)
CRISIL lifts credit-enhanced rating one notch on parent Vedanta's guarantee, removes from watch developing. Standalone rating stays at AA-.
NTPC Green board meets July 22 for Q1 results
Routine scheduling intimation for unaudited quarterly results. Trading window reopens July 25.
Vedanta Power promoter locks 56.38% stake behind Rs 1.75 bn bond
GLAS Agency discloses encumbrance over 2,204,724,753 shares to secure Vedanta Resources’ bond issuance. No pledge, but restrictions limit disposal and require promoter to keep at least 50.1% control.
Acme Solar secures ₹2,646.64 cr REC funding for 450MW hybrid project
The 20-year sole-financier deal covers the 450MW/1800MWh Assured Peak Power Project at Jaisalmer. Revenue backed by 25-year PPA with SJVN at ₹6.74/unit.
NTPC Green adds 50 MW wind at ₹3.85 — a drop in a 10,600 MW bucket
Ayana Renewable Power, a step-down arm, won 50 MW in a SECI auction. The tariff is below the ₹4.17 it got for 193 MW in June. For NTPC Green's giant portfolio, this is a rounding error.
Waa Solar's rating watch resolved; debt at ₹212 cr dwarfs ₹70 cr market cap
India Ratings affirms IND BBB+/Stable, lifts the developing-implications watch, but the rated debt is three times market cap for this nano-cap power generator.
Amalgamated Electricity proposes ₹650 cr raise, 23x its market cap
The board approved a preferential issue at ₹5 per share to six investors and a pivot from electricity to AI, healthcare, and media. Shareholders vote by August 12.
ED seizes Reliance Power promoter shares worth ₹762.75 cr, ₹258 cr receivables
Provisional attachment for alleged PMLA violations adds to regulatory overhang for a company already facing going-concern risk and a ₹337 cr loss.
ED attaches Reliance Infra's ₹762 cr stake in Reliance Power
Provisional attachment under PMLA for alleged violations during 2017-19. The order, served July 11, adds to earlier attachments on BSES and Mumbai Metro One.
NTPC board clears ₹20,456.70 cr Lara coal expansion, adds 1,600 MW
The third stage of the Lara Super Thermal Power Project gets a green light; no timeline was given for the 1,600 MW addition.
JSW Energy bags ₹443.74 cr BESS order, but at less than 0.5% of market cap
A step-down subsidiary won a 200 MW/400 MWh order from Bondada Renewable Energy. The contract is positive but financially immaterial for a ₹1,05,150 cr firm.
GIPCL pivots back to thermal with ₹6,000-7,000 cr lignite plant
New 750 MW thermal unit approved on cost-plus basis; Khavda renewable project delayed over 2 years and scope cut to 1,100 MW. Management sees earnings compression in FY27 before recovery from FY28.
Ravindra Energy's associate locks in CATL for 0.5 GWh battery deal
Energy In Motion, an associate of Ravindra Energy, signed a Letter of Agreement with CATL to supply 0.5 GWh of advanced LFP cells, becoming the launch customer for CATL's next-gen heavy-truck battery platform in India.
JSW Energy switches on 1,081 MW of renewables, 61% of base now green
JSW Energy added 1,081 MW of renewables since April, lifting renewable share to 61%. On track for FY27 target, but market likely priced in progress.
NLC India, NALCO sign JV for 1,080 MW captive thermal plant
The 50:50 venture adds 540 MW to NLC's capacity (6.4% increase) and secures a long-term PPA with a Navratna counterparty for NALCO's expansion.
Reliance Infra named accused in CBI chargesheet for Reliance Commercial Finance
The company says it learned from a CBI press release. No financial penalty disclosed, but the criminal indictment adds to an already crowded legal docket.
CleanMax commissions 530 MW in a quarter — a record
The addition lifts operating portfolio to 4.2 GW, with an estimated annual revenue impact of ₹280 crore. Tech and data centre clients are driving demand.
SJVN commissions 1,000 MW Bikaner solar plant, PM Modi inaugurates
India's largest single-location DCR solar plant adds nearly 25% to SJVN's capacity. ₹5,492 cr investment expected to generate 2,454.84 mn units in year one, supplying three states.
PTC India locks in 1,200 MW solar supply from NTPC Renewable
PTC signs a large-scale solar PPA with NTPC's clean-energy arm, adding a sizeable block to its trading book. Tariff details remain undisclosed.
NTPC Green pivots to bilateral solar sales with 1,200 MW PTC deal
NTPC Renewable Energy inks a 1,200 MW solar PPA with PTC India, roughly 11% of NGEL's operational capacity, marking a shift from regulated/competitive bidding to bilateral merchant sales.
NLC India bags 600 MW solar order in Uttar Pradesh
Subsidiary wins concrete LoA at Jalaun Solar Park from NHPC-UPNEDA JV; adds ~7% to group capacity, pushing green pivot.
Adani Energy Solutions plans ₹10,000 cr QIP, seeks shareholder nod
The board approved a QIP of up to ₹10,000 crore, about 5.6% of its market cap, potentially diluting existing holders. Shareholders vote on July 25.
Power Grid's CFO heads into retirement on schedule
A fully anticipated superannuation at a Maharatna PSU. No surprises, no disruption to operations.
NTPC Green's Ayana bags 193 MW wind project in MP auction
Ayana Renewable Power, a step-down subsidiary, won 193 MW at ₹4.17/kWh in MPPCL's 800 MW wind tender with greenshoe. The win adds ~1.9% to NTPC Green's 10,000+ MW capacity, but contract value is undisclosed.
Reliance Power rebrands four subs with AI labels, reveals no plan or capital
The power generator added 'AI' to four subsidiary names but disclosed no investment, partners, or products. The company is fighting losses and a going-concern qualification.
SJVN locks in 658 MW hydro offtake with Gujarat utility
Long-term PPAs cover entire output of three Himachal projects, securing revenue for a capacity that could add over 10% to current top line.
NLC India locks in state partner for 1,000 MW Odisha green push
A JV with OREDA opens a new clean-energy avenue for the coal-heavy PSU, but the deal is still subject to feasibility studies and multiple approvals.
Sampann Utpadan sells wind mills for ₹2.45 cr
The non-core wind mills generated just 0.2% of revenue, but held a net worth of ₹43.18 crore. The all-cash deal closes in six months; proceeds may fund expansion or working capital.
CleanMax backs five SPVs with ₹474 cr in guarantees
The guarantees equal 24.8% of FY26 revenue, funding project debt for subsidiaries including Clean Max Theia (₹372 cr).
Tata Power gets 3-month extension for Mundra plant under Section 11
Ministry of Power extends directions to Sept 30, 2026, keeping plant running while SPPA talks continue.
NLC India, IOC to team up on renewable JV in Tamil Nadu
MoU covers solar, wind, storage, and green hydrogen but lacks financial details or capacity targets. A preliminary step in NLC's coal-to-clean shift.
Nava Ltd merges two Singapore subs in internal restructure
The amalgamation of Nava Healthcare into Nava Global consolidates investments under one entity with no cash consideration or change in shareholding.
Karma Energy logs ₹104.93 lakh annual profit despite Q4 loss
Full-year net profit of ₹104.93 lakh follows a Q4 loss of ₹82.29 lakh. The board reappoints managing director for three more years.
Amalgamated Electricity defers revival plan, preferential issue
Board meets but wants more information before approving a business revival plan and preferential allotment. The deferral delays a lifeline for a company with zero revenue and a going-concern warning.
Tata Power lands ₹521 cr/yr transmission project in Karnataka
Tata Power receives a letter of intent to acquire Ryapte Power Transmission Ltd, a project SPV for 250 km of lines and two substations. The 35-year concession offers annual charges of ₹521.07 crore.
Ravindra Energy promoter pledges ₹111 cr more in shares
Second pledge in two weeks, just after a ₹205 cr rights issue. Latest pledge is 3.86% of market cap.
GMR Power promoters pledge 2.82% more equity, total encumbrance hits 61.07%
Promoter entity GMR Enterprises pledged shares valued at ₹232 cr to secure ₹300 cr of unrated NCDs for personal use. The low coverage ratio of 0.77 signals high borrowing strain.