Power

CG Power and Industrial Solutions Ltd posted a 32 percent year-on-year increase in consolidated net profit to Rs 362 crore for the March quarter, driven by strong revenue growth and a healthy order inflow. Revenue rose significantly to Rs 3,442 crore, while order intake surged 39 percent to Rs 5,335 crore. The company’s unexecuted order backlog expanded sharply to Rs 17,107 crore, reflecting sustained demand visibility.

Adani Power reported a strong financial performance for the fourth quarter of FY26, with consolidated net profit rising over 64 percent to Rs 4,271.40 crore. The surge was driven by higher revenues and reduced tax expenses, reflecting improved operational efficiency. Total income for the quarter increased to Rs 15,989.09 crore, underscoring steady demand in the power sector. For the full fiscal year, net profit reached Rs 12,971.08 crore, marking sustained profitability.

India’s renewable energy sector received a significant boost as SAEL Industries commissioned a 600-megawatt solar power plant in Andhra Pradesh’s Kurnool district. The large-scale project, spread across more than 2,400 acres, is backed by a 25-year power purchase agreement with the Solar Energy Corporation of India, ensuring long-term revenue visibility. Developed through two subsidiary units, the facility is expected to contribute substantially to the national grid while reducing carbon emissions by approximately 11 lakh tonnes annually.

India’s leading commodity derivatives exchange, Multi Commodity Exchange of India, has received regulatory approval to expand into the coal trading ecosystem by establishing a dedicated coal exchange subsidiary. Backed by the Securities and Exchange Board of India, the initiative involves an initial capital commitment of up to Rs 100 crore to meet regulatory norms. The proposed entity aims to formalize coal trading in India, improve price discovery, and enhance market transparency.

A tragic boiler explosion at a Vedanta power facility in Chhattisgarh, which claimed 23 lives, has triggered legal, corporate, and public scrutiny. Anil Agarwal, chairman of Vedanta Group, has been named in a police complaint under serious legal provisions, including negligence-related charges. Industrialist Naveen Jindal has called for a thorough investigation before assigning responsibility.

A devastating explosion at a Vedanta power plant in Chhattisgarh’s Sakti district has claimed 23 lives, with several workers still battling critical injuries. The incident has triggered a multi-layered response involving medical emergency efforts, legal scrutiny, and broader questions around industrial safety. Anil Agarwal, chairman of Vedanta Group, has been named in a police complaint, drawing reactions from industry leaders including Naveen Jindal.

National Stock Exchange has received regulatory approval from Securities and Exchange Board of India to invest in the proposed National Coal Exchange of India Ltd, marking a significant step toward formalizing coal trading in India. The initiative aims to create a transparent, efficient marketplace for physical coal transactions, replacing fragmented and opaque systems. The exchange will now seek licensing from the Coal Controller Organisation, advancing the country’s efforts to modernize commodity markets and improve price discovery in one of its most critical energy sectors.

Adani Energy Solutions Ltd has operationalized a 1,000 MW high-voltage direct current (HVDC) transmission link connecting Kudus and Aarey, marking a significant milestone in Mumbai’s energy infrastructure. Developed by its subsidiary, Adani Electricity Mumbai Infrastructure Ltd, the project is designed to enhance power reliability in one of India’s most densely populated urban regions. The advanced transmission system, featuring a mix of overhead and underground corridors, enables the city to draw electricity from external sources, including renewable energy.

In a major push toward renewable energy and regional infrastructure development, the Union Cabinet has approved investments totaling Rs 40,150 crore for two large hydropower projects in Arunachal Pradesh. The flagship Kamala Hydro Electric Project, with a capacity of 1,720 MW, will be developed through a joint venture between NHPC Ltd and the state government, with an estimated cost of Rs 26,069.50 crore and a completion timeline of eight years.

India’s power sector has emerged as the frontrunner in credit rating upgrades during FY2025–26, reflecting a notable turnaround in execution capabilities and operational resilience. Improved project delivery timelines, stable asset performance, and stronger parent balance sheets have collectively enhanced the sector’s creditworthiness. The credit ratio rose significantly to 5.2, signaling a higher proportion of upgrades compared to downgrades. This trend underscores growing investor confidence and improved cash flow visibility.