Power

Reliance Power has reported a consolidated net profit of Rs 126 crore for the January-March quarter of FY25, reversing its previous year’s loss. This financial turnaround is largely attributed to a significant reduction in expenses. While the company’s income saw a slight dip, its effective cost management helped boost its profitability. Additionally, Reliance Power made notable progress in debt reduction, servicing Rs 5,338 crore over the past year. The company’s debt-to-equity ratio also improved, underscoring its growing financial stability.

Rajesh Power Services, a consultancy and EPC firm based in Ahmedabad, has reported a significant surge in profitability for the fiscal year 2024–25, with net profit more than tripling to Rs. 93.36 crore from Rs. 26.02 crore in the previous year. The company also recorded a substantial jump in total income to Rs. 1,114.66 crore, underscoring its growing footprint in the power transmission and infrastructure sectors. Backed by fresh orders worth Rs.

Borosil Renewables has greenlit an ambitious expansion plan worth Rs. 950 crore to enhance its solar glass production capacity by 600 tonnes per day (TPD). The move comes in the wake of supportive government policy, particularly the imposition of anti-dumping duties on Chinese and Vietnamese imports, which is expected to strengthen the domestic solar manufacturing ecosystem. The investment will see the commissioning of two new furnaces at the company’s Bharuch facility, reinforcing Borosil’s strategic positioning as a key enabler of India’s clean energy transition.

Senvion India has confirmed a landmark order from Continuum Green Energy for 100 wind turbine generators with a combined capacity of 420 megawatts. Initially a conditional agreement from September 2024, the deal has now fully committed all units, marking a significant step forward in India’s renewable energy push. Deliveries will commence in April 2026, deploying advanced turbines specifically engineered for Indian wind conditions.

Alpex Solar, based in Greater Noida, has recently secured orders exceeding Rs 1,068 crore from prominent clients including the Central Mine Planning and Design Institute Ltd (CMPDIL), a subsidiary of Coal India, and the Haryana Renewable Energy Development Agency (HAREDA). Leading a consortium with a 70% stake, the company will undertake the design and construction of a major grid-connected solar power plant alongside transmission infrastructure.

GE Vernova has unveiled plans to invest Rs. 140 crore through its publicly listed Indian subsidiary, GE Vernova T&D India, aimed at scaling up its manufacturing capacity to support India's evolving energy ecosystem. The initiative will bolster production and testing of high-tech equipment vital for next-generation power transmission, with a strong emphasis on technologies such as HVDC and FACTS. The move aligns with India’s energy transition goals and positions the country as a strategic manufacturing and export hub for clean energy solutions.

PTC India, a leading power trading solutions provider, has officially appointed Manoj Kumar Jhawar as its Chairman and Managing Director, marking a pivotal leadership transition amid an evolving energy landscape. The appointment, effective May 13, 2025, follows the board’s decision in April to elevate Jhawar from his earlier role as Whole Time Director.

TD Power Systems has delivered a robust performance in the March quarter, posting an impressive 83% rise in consolidated profit, reaching Rs. 53.02 crore. This surge, compared to Rs. 29.02 crore in the same period last year, was driven by increased income. The company's total income for the quarter also rose significantly to Rs. 358.94 crore from Rs. 263.89 crore. Despite these gains, the full-year profit for FY25 showed a decline. The company has announced a dividend of Rs. 0.65 per share and confirmed the reappointment of Nikhil Kumar as Managing Director for another five-year term.

Reliance Power shares soared over 12.5% on Monday, buoyed by a remarkable financial turnaround that saw the company post a consolidated net profit of Rs. 126 crore for the final quarter of FY25. This marks a sharp contrast from the Rs. 397.56 crore loss it recorded in the same quarter a year earlier. Despite a slight dip in revenue, the company significantly trimmed its expenses, paving the way for profitability. For the full fiscal year, Reliance Power reported a consolidated net profit of Rs.

Coal India Ltd (CIL), the state-run coal giant, closed the March 2025 quarter with a 12% rise in consolidated net profit, reaching Rs. 9,604.02 crore, driven largely by higher income and infrastructure upgrades. Yet, despite the strong quarterly showing, the company's full-year net profit slipped to Rs. 35,358.16 crore, reflecting broader challenges. Capital expenditure fell sharply, coal output underperformed targets, and annual revenues remained stagnant. As India’s dominant coal producer, CIL now eyes a more ambitious production goal of 875 million tonnes for FY 2025-26.