Tag
Solar Power
12 articles
India’s renewable energy sector continues to demonstrate robust expansion, with total installed capacity reaching 288.58 GW as of June 2026, a nearly fourfold increase since 2014, driven primarily by solar power. Several companies are actively contributing to this growth, including Waaree Renewable, which secured 800 MWac of EPC contracts and reported a 53% year-over-year revenue increase in Q1 FY27, alongside strategic acquisitions to expand its integrated solutions. Bondada Engineering’s acquisition of a 60% stake in a 225 MW solar project further highlights the increasing investment and asset ownership within the sector, supported by substantial foreign and domestic funding. These developments signal continued momentum toward India’s ambitious renewable energy targets and present opportunities for investors focused on the clean energy transition.
Sugs Lloyd Incorporates ₹1 Lakh Renewable Energy Subsidiary
Sugs Lloyd Limited incorporated a wholly-owned subsidiary, Sugs Renewables Private Limited, on August 21, 2026.
The subsidiary will engage in renewable energy and solar power projects, including EPC,
Solex Energy Q1 FY27 Post-Earnings Conference Call Transcript
Solex Energy held its Q1 FY27 post-earnings conference call, reporting revenue of INR265.6 crore and a PAT margin of 3.1%.
The company announced its BSE listing milestone and a robust INR3,400 crore o
Fujiyama Power Systems Q1 Revenue Up 125% YoY
Fujiyama Power Systems reported Q1 FY27 revenue growth of 125.3% YoY to Rs. 13,457 million and EBITDA growth of 140.6% YoY to Rs. 2,548 million.
The company commissioned 2 GW solar panel and 2 GW powe
ELGI Equipments Acquires 18.01% in Constronics Energy
ELGI Equipments invested ₹1.62 crore for an 18.01% stake in solar SPV Constronics Energy.
The investment enables long-term renewable power procurement to optimize energy costs over 25 years.
Transacti
Saatvik Green Energy Subsidiary Wins ₹190 Cr Solar Module Order
Saatvik Green Energy's material subsidiary Saatvik Solar Industries received a ₹190 crore domestic order for solar PV modules.
The order was awarded by a renowned independent power producer/EPC player
Websol Energy Q1 FY27 Revenue Up 70% YoY
Websol Energy reported Q1 FY27 revenue of ₹373 crore, up 70% YoY, with EBITDA at ₹126 crore and PAT at ₹78 crore.
Cell production reached 259 MW at 92% utilization; module production doubled to 103 MW
India Approves ₹5,070 Crore 5,000 MW Floating Solar Scheme
Indian government approved Pradhan Mantri Surya Sarovar Yojana with ₹5,070 crore outlay for 5,000 MW floating solar capacity with 10,000 MWh energy storage.
India's solar capacity grew from 3 GW in 20
Sterling Powergensys 41st AGM Notice and FY26 Results
Sterling Powergensys convened its 41st AGM on September 12, 2026, to approve FY26 financial statements and key director appointments.
FY26 revenue surged 88.8% to ₹24.41 crore with profit after tax of
Oswal Pumps Q1 FY27 Revenue Declines 7.9% YoY
Oswal Pumps reported Q1 FY27 revenue of INR474 crore, a 7.9% YoY decline, with operating EBITDA margin at 15.7%.
Margin pressure was driven by competitive Magel Tyala bidding, diversification into mod
Solex Energy Q1 PAT Drops 66.6% YoY to ₹82.6M
Solex Energy reported Q1 FY27 revenue growth of 1.8% YoY to ₹2,656.3M but PAT declined 66.6% to ₹82.6M due to higher depreciation and finance costs.
EBITDA margin contracted 364 bps YoY to 12.7% thoug
Solex Energy Q1 FY27 Revenue Up 1.8% YoY
Solex Energy reported Q1 FY27 total revenue of ₹2,656.3 million, a 1.8% YoY increase, with PAT declining 66.6% to ₹82.6 million.
The company maintains a robust order book of ₹3,400 crore and announced
Solarworld Q1FY27 Revenue Up 24% YoY to ₹1.78B
Solarworld reported Q1FY27 consolidated revenue of ₹1,780.3 million, up 24% YoY, with PAT of ₹95.0 million.
Company secured entry into Battery Energy Storage Systems (BESS) with multiple PSU orders an