Power

Vikram Solar, a leading Indian solar energy company, reported robust first-quarter earnings for FY2025-26, reflecting the growing demand for renewable energy solutions. The company demonstrated significant revenue growth, underpinned by strong domestic and international orders, strategic project execution, and operational efficiency. Profit margins improved despite global supply chain pressures, indicating resilience in cost management and project delivery.

ACME Solar has successfully secured Rs. 3,892 crore in funding to develop a 400 MW Floating Distributed Renewable Energy (FDRE) project, marking a significant milestone in India’s renewable energy sector. The project underscores the growing emphasis on innovative and sustainable energy solutions, leveraging water surfaces for solar power generation. Analysts note that this funding will enable ACME Solar to expand its renewable energy footprint, enhance energy security, and contribute to India’s climate goals.

Adani Power has secured a 1,600 MW power generation project in Madhya Pradesh, marking a strategic expansion in its energy portfolio. The company plans to invest Rs. 21,000 crore to develop the project, which will include state-of-the-art thermal power facilities and supporting infrastructure. Analysts view this move as a significant step toward meeting India’s growing energy demand, enhancing grid stability, and supporting industrial and residential power consumption.

Kalpataru Projects has announced the acquisition of new orders worth Rs. 2,720 crore, reinforcing its position as a leading player in India’s infrastructure and power engineering sectors. The contracts encompass transmission, distribution, and civil infrastructure projects across multiple states, reflecting strong demand for reliable EPC (Engineering, Procurement, and Construction) services. Analysts highlight that these orders are expected to drive revenue growth, improve operational scale, and enhance the company’s market presence.

Adani Power has announced a substantial investment of $3 billion to develop a large-scale power project in Bihar, marking a significant expansion in India’s eastern energy infrastructure. The initiative aims to enhance electricity generation capacity, support regional industrial growth, and address chronic power shortages in the state. By integrating advanced thermal and renewable energy technologies, Adani Power seeks to optimize efficiency, reduce emissions, and ensure reliable power supply.

Rajesh Power Services has won a Rs. 143 crore contract in Gujarat, reinforcing its position as a leading player in the energy and power infrastructure sector. The project involves engineering, procurement, and commissioning (EPC) services, aimed at enhancing regional power capacity and infrastructure reliability. Analysts note that this award underscores the company’s operational expertise, strong project execution track record, and growing presence in strategic energy markets.

Vikram Solar Ltd. has posted a robust financial performance in the first quarter, with net profit rising to Rs. 133 crore, driven by higher project execution, improved operational efficiency, and growing domestic and international demand for solar solutions. Revenue growth was supported by strong order inflows and strategic expansion of manufacturing capacity. Analysts view this performance as a sign of resilience in the renewable energy sector, with Vikram Solar positioned to capitalize on India’s ambitious solar targets and global decarbonization trends.

Solar energy developer Azure Power has reached a settlement in a U.S. securities lawsuit, bringing closure to litigation that had raised concerns among investors. The resolution reflects the company’s proactive approach to regulatory compliance and corporate governance, allowing it to refocus on growth and operational efficiency. While financial terms of the settlement remain undisclosed, the move signals a strategic effort to stabilize market perception and reassure stakeholders.

India’s coal production registered a minor decline in the April–August period, totaling 381.75 million tonnes (MT). The dip, though modest, comes at a time when energy demand continues to rise across the country, placing pressure on supply chains and power producers. While output remains strong compared to historic levels, the slowdown underscores the challenges of balancing production targets with operational and environmental constraints.

The Adani Group has unveiled an ambitious plan to invest USD 60 billion (approximately Rs. 5 lakh crore) in India’s power sector over the next decade, positioning itself at the forefront of the country’s energy transition. The investment will focus on expanding renewable energy capacity, modernizing transmission networks, and strengthening the country’s overall power infrastructure. This move underscores Adani’s commitment to aligning with India’s clean energy goals while also consolidating its position as a key player in the global energy market.