Power Generation
60 recent notes from companies in this sector. 20 companies tracked.
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.
Ravindra Energy's associate rolls out 45 e-trucks for UltraTech Cement
Energy In Motion and Paradeep Parivahan deploy electric heavy-duty tractors on a 250-km clinker corridor, cutting 8,900 tonnes of CO2 annually and lowering upfront vehicle costs by 40%
GMR Power promoters pledge 3.27% equity, total pledged at 72%
Second large pledge in a week secures NCDs for personal use; share coverage only 19% of ₹1,400 cr debt.
GMR Power pledges another 16.6% of equity to secure NCDs
Pledging 16.6% more of its equity, GMR Power now has 26.85% of shares encumbered. The move points to liquidity strain at a company with 17x debt/equity and negative profit.
NLC India lands second critical mineral block in a week
The state-run coal and power producer wins Govindpur vanadium-titanium-aluminous laterite block in Telangana, following Parvathapur award. No investment amount disclosed.
NLC India completes 1,980 MW Ghatampur plant, adds 660 MW capacity
Third and final unit declared commercial from June 13, lifting group installed capacity 8.5% to 8,405 MW. NLC's 51% stake in the JV will yield proportionally from long-term PPAs.
JSW Energy buys 300 MW thermal plant for ₹1,410 cr
The Korba asset is operational, comes with a long-term PPA and fuel supply, and is estimated to add ₹279 cr EBITDA in FY26.
Adani Energy promoters lift stake to 74.29%, add new entity
The promoter group spent three months accumulating shares, with Ardour Investment Holding a new entrant buying the largest chunk. The move signals confidence but at 2.12 percentage points it is modest for a ₹179,766 crore utility.
JSW Energy switches on 150 MW Tidong hydro project early
The 150 MW addition adds just 1.1% to capacity and was already telegraphed, making it a routine milestone for a company of its size.
NLC India wins critical mineral block in Telangana
State-run coal producer diversifies into vanadium and titanium via Ministry of Mines auction. No investment figures disclosed yet.
Reliance Infra's toll road unit faces CIRP as NCLT admits ₹282.6 cr claim
Canara Bank's insolvency petition accepted; parent said it had already provided for its ₹355 crore exposure (10% of market cap).
Ravindra Energy's promoter pledges ₹90 cr of shares after ₹205 cr rights issue
Khandepar Investments placed 12% of its promoter stake as collateral for financing, likely tied to the company's recent capital raise. The pledge leaves ownership unchanged at 32.29% but adds debt risk.
ICICI Prudential cuts IEX stake below 5% after selling ₹1.87 cr shares
The fund manager sold **1.87 crore shares** over 11 months, dropping below the threshold that marks a significant shareholder.
Meta signs up for 900 MW of Indian clean power with CleanMax
The deal lifts CleanMax's total contracted portfolio with Meta above 900 MW, adding 837 MW of new solar and wind across two states. The company expects ₹450-500 crore in annual revenue.
NTPC Green lands first solar-plus-storage contract on defence land
Defence Minister Rajnath Singh approved the 250 MW project to power military installations in Uttar Pradesh. It's a new customer category, but a small addition to NTPC Green's portfolio.
Adani Energy picks up Intellismart for ₹3,050 cr in cash
The binding deal adds 4.7 crore smart meters to Adani's portfolio, marking a material push into a government-backed segment at 10.8% of its annual revenue.
Government to sell up to 3% of NLC India for ~₹1,260 cr
The promoter's floor price of ₹303 a share implies a stake worth about ₹1,260 crore. The offer opens next week.
JSW Energy switches on its own Gujarat wind-blade factory
A 450-blade-a-year plant at Halol feeds the company's own wind projects, cutting a third-party dependency.
Waaree Renewable gets 450MWp solar EPC order from its own subsidiary
Sunsational Power, a wholly-owned subsidiary, is the client. The related-party contract is for a ground-mounted project with two years of O&M.
Reliance Infra wants SEBI to ease trading limits on its stock
The company filed a formal plea to relax the ±5% weekly band that has locked down trading for its retail shareholders.
GMR shuffles ₹801 cr between promoter arms. Control consolidates.
GMR Estate Management buys a 9.55% stake from GMR Enterprises. Total promoter holding doesn't change, but the internal hierarchy does.
GMR promoter clears 15.36% share pledge weeks after creating it for ₹350 cr
GMR Estate Management freed 12 crore shares from a pledge created just weeks earlier to secure a debenture facility.
NTPC doubles Meja Stage-II capacity to 2,400 MW with new JV pact
The agreement with UP's state utility adds a third 800 MW unit, but gives no cost or timeline. A moderate, planned move.
Amalgamated Electricity wants to raise cash. It has no revenue.
A preferential issue is on the table for a company with zero operating income and a going-concern warning. The board meets June 8.
CleanMax lands its biggest group captive deal, a 160 MW hybrid for Gujarat Alkalies
The mid-cap renewable player locks in a long-term, high-volume offtake with a government-promoted chemical maker.
NLC India investor transcript adds nothing new on FY26 results
A May 27 meeting with institutional investors rehashed Q4 numbers already disclosed. No new guidance or strategic shifts were revealed.
Acme Solar puts a number on its raise. Floor price is ₹294.13.
The board approved a QIP in August. Now the floor is set and the book is open. The final discount and size will determine the dilution.
Veer Energy revenue fell 56% in FY26. It still posted a profit.
Full-year revenue from operations halved to ₹4.55 crore. A quarterly net loss in the final quarter erased most of the annual profit.
Adani Energy's CFO quit. His replacement was waiting in the wings.
Kunjal Mehta left for personal reasons on May 30. Ashok Jagetiya, a 30-year Adani Group veteran, took over the next day.
Infomerics lifts GMR Power's bank guarantee rating to IVR BBB/Stable
The upgrade covers ₹380 crore in facilities, about 4.5% of the company's market cap. It follows the FY2026 audit.
PTC India says four promoters hold rights, contradicting February filing
Management also raised the NLC joint-venture target five-fold to 10,000 MW and ruled out profit-margin gains through FY27.
Urja Global reports profit growth, but auditor flags ₹46 cr in missing proof
Urja Global posted a net profit of ₹1.91 crore for FY26, but its auditor issued a qualified opinion over missing documentation for mining investments.
Clean Max commissions 351.4 MWp solar park in Rajasthan
The Bikaner project adds roughly 9.6% to the company's FY26 revenue base, marking a key step toward its 1,500 MW capacity target for FY27.
Indowind Energy reports near-zero profit as audit qualifications persist
The nano-cap firm posted a net profit of just ₹0.04 lakhs for FY26. Auditors flagged recurring issues including a massive arbitration claim.
Indowind Energy profit vanishes as audit qualifications pile up
Annual profit dropped to near-zero as the company wrote off ₹244.45 lakhs in interest claims and faced a qualified audit opinion.
CleanMax secures $575M to build 1 GW of renewable capacity
The renewable energy firm locked in a multi-lender debt package to fund solar and wind projects for data-centre and AI clients in Rajasthan and Karnataka.
Globus Power Generation remains a dormant shell with zero revenue.
The company reported a net loss of ₹2.45 lakhs for Q4, extending a period of inactivity for the nano-cap entity.
Globus Power Generation reports zero revenue for FY26
The company remains in a dormant state with no operational revenue, recording a net loss of ₹2.45 lakhs for the final quarter.
NLC India enters nuclear power via JV with NPCIL
A non-binding pact to build 700 MW reactors widens the state miner's clean-energy push, though financial terms remain undisclosed.
NHPC's ₹3,766 cr profit has a tax gain. The real money is stuck at Parbati-II.
The headline profit was inflated by a one-off. The key operational catalysts—a ₹300 crore tariff unlock and Teesta-V's return—are still ahead.
Power Grid's FY26 transcript adds nothing to the live call.
The May 18 post-results transcript is a compliance log. All material points were already in the live summary.