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Suzlon Soars 2% After Sealing Its Biggest Deal of FY26
business update, Equities, Markets - September 16, 2025

Suzlon Soars 2% After Sealing Its Biggest Deal of FY26

Suzlon Soars 2% After Sealing Its Biggest Deal of FY26

India’s renewable energy sector has been buzzing with positive developments, and the latest news comes from one of the country’s leading wind energy players, Suzlon Energy. Suzlon share price rises 2% as it bags largest order of FY26, a milestone that not only reflects the company’s growing dominance in the wind power segment but also strengthens investor confidence in its future growth trajectory. With clean energy targets set aggressively by the Indian government, Suzlon’s new deal signals an acceleration toward sustainable energy generation while also serving as a boost for the company’s financial stability.

The Deal That Sparked Positive Momentum
The order that Suzlon has secured is reported to be the largest in FY26, both in terms of capacity and value. Market analysts suggest this deal involves the installation of multiple wind turbine generators across key renewable energy zones in India. Although the finer financial details of the project remain undisclosed, industry insiders confirm that the scale of the order will significantly contribute to Suzlon’s revenue pipeline for the fiscal year.
For investors, this means steady cash inflows, stronger quarterly results, and a reduction in debt burdens that have historically weighed on the company. The market responded almost immediately—Suzlon’s share price jumped by nearly 2% during intraday trade, reflecting investor optimism.

Why Suzlon’s growth matters for India
Suzlon Energy has long been regarded as a pioneer in India’s renewable energy space, with its focus on wind turbine design, manufacturing, and project execution. The company has been through financial ups and downs in the last decade, but its turnaround efforts are starting to pay off. This largest order of FY26 reaffirms its position as a trusted partner for India’s clean energy transition.
India’s renewable energy mission is ambitious, aiming for 500 GW of installed capacity by 2030. Wind energy is expected to play a critical role in achieving these targets. With Suzlon’s expertise, cost-competitive turbines, and established manufacturing base, the company is poised to benefit significantly from this transition. Moreover, the order aligns with India’s push to decarbonise its economy, reduce reliance on fossil fuels, and improve energy security. Every megawatt generated through wind energy contributes toward lowering carbon emissions, making Suzlon’s deal not just a corporate win but a national milestone.

Investor sentiment and stock performance
The rise in Suzlon’s share price, though modest at 2%, is symbolic of investor trust. For a stock that has delivered strong returns over the past few years, every incremental gain builds momentum. Analysts believe that the largest order of FY26 will improve Suzlon’s order book visibility, revenue projections, and overall valuation. Institutional investors, who have been watching the company’s debt restructuring and capacity expansion, are now more likely to increase their exposure. The company’s emphasis on technological innovation and cost efficiency further assures long-term growth potential. For retail investors, Suzlon’s rise demonstrates how renewable energy stocks can benefit from structural tailwinds in the sector. As global funds continue to pour into green energy, companies like Suzlon stand to attract both domestic and international capital.

Future Outlook
The company plans to expand manufacturing capabilities, launch next-generation turbine technology, and penetrate newer markets. By strengthening its R&D capabilities, Suzlon aims to enhance turbine efficiency, reduce levelized costs of energy (LCOE) and provide end-to-end solutions for clients. Delivering the project on time, ensuring high turbine reliability, and managing financial discipline will be crucial for sustaining momentum. If executed successfully, Suzlon can regain its place among the world’s leading renewable energy companies.

The bigger picture: Renewables as a growth engine
Suzlon’s latest success story cannot be viewed in isolation. India’s renewable energy landscape is rapidly evolving, with significant support from policy initiatives, green bonds, and international financing. Companies in this sector are not only creating shareholder value but also contributing to sustainable development, job creation, and technological innovation. Suzlon’s consistent focus on sustainability, community engagement, and innovation places it firmly within this new growth paradigm.

Conclusion
The news that Suzlon share price rises 2% as it bags largest order of FY26 is more than just a stock market update—it is a reflection of India’s clean energy momentum, investor confidence, and Suzlon’s ability to seize opportunities. While challenges such as execution risks and global supply chain disruptions remain, Suzlon’s proactive approach and growing market leadership make it a stock to watch. As India races toward its renewable energy goals, Suzlon is positioned not only as a corporate beneficiary but also as a key enabler of the nation’s green future.

 

 

 

 

 

 

 

 

 

 

 

 

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Market Share Tussle in Paints Enters Next Level

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Alpex Solar Q1 FY26: Stellar Growth Pushes Company to New Peaks
business update, Equities, Investor Forum, Markets, Result Updates - August 12, 2025

Alpex Solar Q1 FY26: Stellar Growth Pushes Company to New Peaks

Alpex Solar Q1 FY26: Stellar Growth Pushes Company to New Peaks

Demonstrating explosive revenue and profit surges, Alpex Solar shows robust operational momentum backed by strategic capacity expansions

Financial Performance Overview: Q1 FY26
Alpex Solar Ltd posted outstanding unaudited consolidated results for the quarter ended June 30, 2025, showcasing a remarkable turnaround fueled by soaring sales and improved operational efficiency.
The company reported revenue from operations of approximately ₹380.32 crore, marking an astonishing 395.7% increase compared to the same quarter last year.
Profitability indicators were even more impressive. PAT jumped an astounding 3,888% to ₹42.29 crore from ₹1.06 crore in Q1 FY25, while EBITDA soared 1,058% to ₹57.39 crore, reflecting significant margin gains and effective cost management.
The company’s basic earnings per share (EPS) ballooned to ₹17.28, a substantial leap from ₹0.43 share a year earlier, signaling enhanced shareholder value and operational leverage.

Capacity Expansion Driving Growth Ambitions
Aligned with its aggressive growth strategy, Alpex Solar’s Board approved a capital expenditure of ₹110 crore to establish a new 1.2 GW solar module manufacturing facility at Kosi Kotwan, Uttar Pradesh. This plant is slated for commissioning in FY 2026-27 and will augment the company’s total manufacturing capacity to 3.6 GW—including 1.2 GW currently operational at Unit I, and an upcoming 1.2 GW facility expected in FY 2025-26.
This expansion plan reflects Alpex Solar’s commitment to meeting rising global and domestic demand for high-efficiency solar modules. The new capacity is expected to enhance input cost efficiencies, support larger scale production, and enable the company to compete effectively with international manufacturers.

Market Dynamics and Operational Strength
Alpex Solar’s explosive growth comes amid a favorable policy environment promoting renewable energy adoption in India and worldwide. Government incentives, ambitious solar capacity installation targets, and increasing corporate sustainability commitments fuel demand for solar technologies.
The company reported strong sales growth led by both volume expansion and improved selling prices, underscoring effective market penetration and premium product positioning. Higher realizations per unit reflect advancements in module efficiency and the ability to command better pricing in competitive markets.
Additionally, stringent cost management and supply chain optimization helped Alpex significantly expand operating margins despite global supply chain pressures.

Sustainability and Future Outlook
Alpex Solar’s operational success dovetails with the global energy transition toward clean sources. With an industry-leading capacity scale-up strategy and technological investments, the company expects to sustain revenue and profit growth in coming years.
Leadership reaffirmed the focus on:
• Accelerating capacity augmentation to capitalize on growing demand.
• Advancing module efficiency and innovation to maintain competitiveness.
• Expanding export markets alongside domestic sales.
• Leveraging government schemes and policy frameworks supporting renewable energy.
The strong order book and ongoing product development pipeline position Alpex Solar as a key player in the Indian and global solar sectors.

Conclusion: Onward and Upward in Solar Energy Leadership
Alpex Solar’s standout Q1 FY26 results mark its emergence as a leading force in solar manufacturing.
The near quadrupling of revenues and nearly 40-fold profit growth underscore operational excellence and market acceptance.
With aggressive capacity expansions and a strategic vision aligned with global clean energy trends, Alpex is poised for sustained momentum. The company’s trajectory points toward expanding market share, enhanced technological capabilities, and deepened stakeholder value.
While solar markets remain dynamic, Alpex Solar’s robust execution and financial strength provide a solid foundation to capitalize on the surging demand for sustainable energy solutions in India and worldwide.

 

 

 

 

 

 

 

 

 

 

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INOX Green Share Price Surges After Sealing 182 MW Wind O&M Deal

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IREDA Bonds Gain Tax Benefits to Promote Green Energy
Equities, Market News, Markets - July 11, 2025

IREDA Bonds Gain Tax Benefits to Promote Green Energy

IREDA Bonds Gain Tax Benefits to Promote Green Energy

In a significant move to promote clean energy financing, the Government of India grants Section 54EC tax exemption status to IREDA bonds, enabling investors to save up to ₹50 lakh on capital gains while supporting India’s renewable energy ambitions.

Summary:
The Indian government has conferred tax-saving status under Section 54EC of the Income Tax Act to bonds issued by the Indian Renewable Energy Development Agency (IREDA). This strategic move allows investors to claim capital gains tax exemption of up to ₹50 lakh by investing in IREDA bonds, making them a cost-effective and attractive instrument for green energy financing. The measure is expected to help IREDA raise low-cost capital to support renewable energy projects across India and aligns with the country’s mission to achieve 500 GW of non-fossil fuel capacity by 2030.

IREDA Bonds Gain Section 54EC Status, Bringing Green Investments to the Fore
In a major policy decision aimed at accelerating India’s energy transition, the Government of India has granted Section 54EC tax exemption status to bonds issued by the Indian Renewable Energy Development Agency (IREDA). This move puts IREDA in the same league as REC, NHAI, and PFC, whose bonds have long been eligible for capital gains tax exemptions.
By extending 54EC status to IREDA bonds, the government not only provides investors a powerful tax-saving tool but also channels substantial funds into green infrastructure and renewable energy projects, a key component of India’s net-zero ambition.

What is Section 54EC?
Under Section 54EC of the Income Tax Act, individuals and Hindu Undivided Families (HUFs) who have earned long-term capital gains (usually from selling property or land) can invest up to ₹50 lakh in specified bonds within six months of the transfer date and claim exemption from paying tax on those gains.
Until now, this benefit was limited to bonds issued by:
Rural Electrification Corporation (REC)
National Highways Authority of India (NHAI)
Power Finance Corporation (PFC)
Indian Railway Finance Corporation (IRFC)
Now, IREDA joins this exclusive club, allowing its bonds to be exempt from long-term capital gains tax, provided the investor meets the holding period of five years.

How Does This Benefit Investors?
For individual investors looking to park capital gains safely while avoiding taxes, IREDA bonds now offer a double advantage:
Tax Savings: Capital gains up to ₹50 lakh can be exempted from tax if invested in IREDA bonds.
Stable Returns: Like other 54EC bonds, IREDA’s bonds are expected to offer fixed returns of around 5.25%–5.75% per annum, backed by a government enterprise.
With capital markets being volatile and real estate often illiquid, these bonds present a low-risk, tax-efficient alternative for preserving wealth while contributing to a cleaner future.

Boosting IREDA’s Low-Cost Capital Pool
The inclusion under 54EC is not just a win for investors—it’s a game-changer for IREDA’s funding structure. IREDA, functioning as a non-banking financial company (NBFC) and operating under the Ministry of New and Renewable Energy (MNRE), is instrumental in providing financial support for renewable energy initiatives like solar parks, wind farms, biomass projects, hydroelectric systems, and energy storage solutions.
With 54EC status:
IREDA can now attract long-term retail investors.
It can raise cheaper capital for onward lending.
It helps reduce dependency on external commercial borrowings or more expensive institutional funds.
It creates a retail channel of green financing, boosting financial inclusion in climate-positive investments.

Strategic Timing: Supporting India’s Green Growth Targets
The decision comes at a critical juncture when India is aggressively pursuing its climate and energy goals. Under the Nationally Determined Contributions (NDCs) and its pledge at COP26, India has committed to:
Reach a capacity of 500 GW from non-fossil fuel sources by 2030
Meet 50% of energy requirements from renewables
Reduce the emissions intensity of GDP by 45% from 2005 levels
To realize this vision, massive investments—estimated at $200 billion or more—are needed across the renewable energy spectrum. Enabling IREDA to access low-cost, long-duration capital from domestic investors is a strategic step in this direction.

IREDA’s Growth and Future Plans
IREDA has been actively expanding its reach and portfolio in recent years:
In FY24, it sanctioned more than ₹37,000 crore in loans and disbursed over ₹25,000 crore, a record in its history.
It was listed on the stock exchanges via a successful IPO in 2023, which was oversubscribed 38 times.
The company is now looking to expand financing to emerging sectors like green hydrogen, EV charging infrastructure, and offshore wind.
With the added 54EC status, IREDA can now scale faster, support more projects, and lower its average cost of funds—all of which translate to cheaper renewable power for developers and ultimately for consumers.

Expert Reactions
Pradip Kumar Das, Chairman & Managing Director of IREDA, welcomed the development:
“This is a watershed moment for IREDA. Inclusion under Section 54EC will significantly boost our fundraising capabilities and contribute meaningfully to India’s clean energy revolution. It aligns perfectly with our mission of enabling India’s green economy.”
Market analysts also believe this move could lead to a revival in retail investor interest in tax-saving infrastructure bonds, which had declined in recent years due to falling yields.

Investor Guidelines for IREDA 54EC Bonds
Maximum Investment: ₹50 lakh per financial year
Lock-in Period: 5 years (no premature redemption allowed)
Interest Rate: Expected in the 5.25%–5.75% range (final rates may vary)
Interest earned is completely subject to taxation
Availability: Likely to be available via designated branches, online platforms, and brokers

Conclusion
The government’s move to grant Section 54EC status to IREDA bonds is more than just a tax break—it is a strategic policy lever to steer private capital toward climate-conscious investments. By giving investors a tax-incentivized channel to support clean energy, India is laying a foundation for inclusive and sustainable development. For IREDA, this marks a new phase in becoming the financial backbone of India’s green energy transition.

 

 

 

 

 

 

 

 

 

 

 

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TCS Q1 FY26: Profit Up 4.4%, Declares ₹11 Dividend

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Hindustan Copper and CODELCO Strategic Collaboration to Triple Output by 2030
business update, Market News - July 8, 2025

Hindustan Copper and CODELCO Strategic Collaboration to Triple Output by 2030

Hindustan Copper and CODELCO Strategic Collaboration to Triple Output by 2030

Hindustan Copper Limited (HCL) has launched a transformative partnership with Chile’s CODELCO, the world’s largest copper miner, aiming to boost its annual copper ore production from about 3.5 million tonnes to 12 million tonnes by 2030.

Introduction
India’s rapid economic development is fueling a sharp rise in copper demand, a key metal for infrastructure, electrification, and emerging technologies. Hindustan Copper Limited (HCL), the country’s only vertically integrated copper producer, has responded by embarking on an ambitious expansion plan. Central to this strategy is a landmark collaboration with Chile’s CODELCO, signed in April 2025, which promises to transform HCL’s operational capabilities and production scale.

The CODELCO Partnership: A Catalyst for Growth
Why CODELCO?
CODELCO, with decades of expertise in deep mining and large-scale operations, brings a wealth of technical know-how to the table. The partnership is designed to help HCL overcome historical challenges such as outdated infrastructure, slow production growth, and technical bottlenecks.
Key Features of the Alliance
• Technical Collaboration: CODELCO’s experts are currently in India, conducting site visits, evaluating equipment, and reviewing workflows at HCL’s major mines. Their assessment will guide operational improvements and technology upgrade.
• Knowledge Exchange: HCL’s senior officials are set to visit six to seven of CODELCO’s premier mines in Chile, including Chuquicamata and El Teniente, to learn best practices in underground mining, dilution management, and process optimization.
• Workforce Training: The agreement emphasizes upskilling HCL’s technical teams, adopting international safety standards, and implementing advanced mining methods.
• Future Expansion: While the current focus is on technical cooperation, both companies are open to exploring joint ventures for copper block development in Chile and India.

Malanjkhand: The Heart of Expansion
The Malanjkhand Copper Project in Madhya Pradesh plays a central role in HCL’s long-term growth agenda. Having transitioned from open-cast to underground mining, MCP produced a record 2.73 million tonnes of ore in FY25, surpassing its target despite past project delays. HCL aims to boost MCP’s annual output to 5 million tonnes, with comparable capacity expansions on the horizon for its other mines.

Meeting India’s Copper Needs
Demand Drivers
India’s copper consumption is expected to increase:
• Infrastructure Expansion: Government initiatives in power, transport, and housing.
• Green Energy: Solar, wind, and electric vehicle sectors require significant copper inputs.
• Tech-Driven Demand: Rapid growth in data infrastructure and AI sectors is heavily reliant on copper.
National Vision
The Ministry of Mines has laid out a comprehensive vision for the copper sector, targeting not only higher production but also sustainability, recycling, and global competitiveness. HCL’s expansion is integral to achieving these national goals and reducing import dependency.
Overcoming Challenges
HCL’s journey has not been without hurdles. Past audits highlighted issues like cost overruns and project delays, especially at Malanjkhand. However, the CODELCO partnership is expected to address these gaps by introducing global benchmarks, improving operational efficiency, and mitigating technical risks.

The Road Ahead
Immediate Steps
• CODELCO’s ongoing site visits in India will culminate in a detailed interim report by mid-July 2025, offering actionable recommendations.
• HCL’s executive delegation to Chile will facilitate direct learning and adaptation of advanced mining technologies.
Long-Term Impact
If successful, HCL’s output will triple by 2030, positioning India as a major copper producer in Asia. The collaboration may also pave the way for further international partnerships and joint ventures, enhancing India’s standing in the global mining industry.

Conclusion
The collaboration between Hindustan Copper and CODELCO signals a transformative step for the Indian copper sector. By leveraging world-class expertise and embracing modernization, HCL is poised to meet the nation’s growing copper needs, support its green transition, and contribute to the vision of a developed India by 2047. The coming years will test the partnership’s ability to deliver on its promise, but the foundation for a new era in Indian mining has clearly been laid.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Tata Power Supercharges India’s Green Goals with Bold Investment Drive

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Tata Power Supercharges India’s Green Goals with Bold Investment Drive
Business, business update, Markets - July 8, 2025

Tata Power Supercharges India’s Green Goals with Bold Investment Drive

Tata Power Supercharges India’s Green Goals with Bold Investment Drive

Accelerating Clean Energy: Tata Power’s Multi-Year Investment Drive

Summery
Tata Power is embarking on a transformative journey, committing ₹20,000–₹25,000 crore annually for the next two years to vastly expand its renewable energy capacity, modernize its infrastructure, and support India’s sustainability goals. This article explores the latest developments, strategic priorities, and the broader impact of Tata Power’s historic investment plan on the nation’s energy landscape.

Introduction
As India transitions to a greener energy mix, Tata Power stands at the helm of this sweeping transformation. As the demand for reliable and sustainable power escalates, Tata Power has unveiled an ambitious investment roadmap, allocating over ₹20,000 crore each year through FY25 and FY26. This initiative is set to reshape the company’s portfolio, strengthen the grid, and accelerate the transition to clean energy sources.

Tata Power’s Investment Blueprint: Scale and Ambition
Unprecedented Capital Commitment
• Annual Investment: Tata Power plans to spend ₹20,000 crore in FY25 and ₹25,000 crore in FY26, a significant jump from previous years, reflecting the company’s confidence and long-term vision.
• Strategic Allocation:
o Around 50% of the capex is earmarked for renewable energy projects, including solar, wind, and hydro.
o The remainder supports transmission, distribution, and select conventional generation projects to ensure grid stability and reliability.
Funding and Partnerships
• The investment will be financed through a combination of internal accruals and external debt, ensuring financial sustainability while enabling rapid expansion.
• Tata Power has also secured major partnerships, such as a multi-billion dollar agreement with the Asian Development Bank to finance new green energy projects3.

Renewable Energy: The Heart of Tata Power’s Growth
Expanding Clean Capacity
• Capacity: Tata With its installed power generation capacity now at 15.7 GW, Tata Power derives close to 7 GW from renewable sources. The company added over 1 GW of clean energy capacity in the past year alone.
• Solar and Wind Initiatives: The company has commissioned a 4.3 GW solar cell and module manufacturing facility in Tamil Nadu, further strengthening its position in the solar value chain.
• Major Projects: Recent agreements include supplying renewable power to major industrial clients, airports, and public infrastructure, as well as a partnership with Bhutan’s Druk Green Power Corporation to develop 5 GW of clean energy projects.
Rooftop Solar and Community Initiatives
• Through its flagship ‘Ghar Ghar Solar’ initiative, Tata Power is driving widespread rooftop solar adoption in support of the PM Surya Ghar Yojana. The company has already executed over 2 GW in rooftop projects, with a robust order book and plans for further expansion.

Transmission, Distribution, and Digitalization
Strengthening the Grid
• Transmission Expansion: Tata Power is investing in new transmission lines and upgrades, with over 4,600 circuit kilometers operational and additional capacity under construction.
• Distribution Reach: The company’s customer base has grown to nearly 13 million, with a target to reach 50 million consumers in the coming years through expansion into new states and enhanced service offerings.
Smart Solutions
• Tata Power is deploying digital technologies for grid management, smart metering, and customer engagement, aiming to improve efficiency, reliability, and user experience.

Diversification: Nuclear and Beyond
• The company is preparing to enter the nuclear energy sector, pending regulatory approvals, with a focus on small modular reactors as part of its long-term diversification strategy.
• Tata Power is also exploring opportunities in electric vehicle charging infrastructure, with thousands of public and home chargers already deployed across India5.

Impact on India’s Energy Transition
Supporting National Goals
• Tata Power’s capex surge aligns with India’s target to achieve 70% non-fossil fuel capacity by 2030 and net-zero emissions by 2070.
• The company’s efforts are expected to catalyze job creation, spur technological innovation, and foster sustainable economic growth.

Challenges and Outlook
Navigating Hurdles
• Tata Power faces challenges such as regulatory uncertainties, supply chain constraints, and the need for continuous technology upgrades.
• The company’s robust financials, strategic partnerships, and clear focus on renewables position it well to overcome these obstacles and lead India’s energy transformation.

Conclusion
With its ambitious investment drive, Tata Power is shaping a new era for India’s power sector. By channeling unprecedented resources into renewables, grid modernization, and digital innovation, Tata Power is not only future-proofing its business but also playing a pivotal role in India’s journey toward a sustainable, low-carbon future. The ripple effects of these investments will be felt across industries, communities, and the environment for years to come.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Nissan Considers Foxconn Deal to Sustain Oppama Operations as EV Demand Surges

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Diversification Strategy: IOC’s Foray into Petrochemicals and Renewable Energy
Market News, Markets - June 24, 2025

Waaree Renewable Technologies: Order Book Surges to ₹1,480 Crore as Growth Accelerates

Waaree Renewable Technologies: Order Book Surges to ₹1,480 Crore as Growth Accelerate

Waaree Renewable Technologies cements its leadership in India’s solar EPC sector with a major contract revision, robust earnings, and expanding global ambitions.

Contract Value Upgraded: Waaree Project Now Estimated at ₹1,480 Crore
In June 2025, Waaree Renewable Technologies announced a significant update to its ongoing EPC contract, leading to an increase in its total value. First awarded in November 2024, the project entails the development of a 2,012.47 MWp ground-mounted solar PV installation for an Indian client.
Importantly, all original terms and conditions remain intact, and there are no related party transactions involved. The execution timeline will be jointly decided by Waaree and the client, allowing for flexibility as the project expands in scale.

Financial Performance: Strong Growth in Revenue and Profit
Waaree’s upward contract revision comes on the back of stellar financial results. In the fourth quarter of FY25, the company reported a consolidated net profit of ₹93.81 crore—an 82.7% jump over the previous year. The company posted a 74.4% increase in operating revenue, which climbed to ₹476.58 crore during the same period.
For the full fiscal year, Waaree Renewable Technologies posted a remarkable 82.29% growth in revenue, outpacing the broader Indian solar sector. The company’s EBITDA rose by 50.06% year-on-year, reflecting improved operational efficiency and disciplined cost management. As of Q4 FY25, Waaree had executed 1,524 MW of EPC projects, with an unexecuted order book of 3.2 GW—demonstrating both delivery capability and future visibility.

Market Response: Shares Rally on Positive News
The stock market responded positively to Waaree’s announcement. On June 20, 2025, shares of Waaree Renewable Technologies ended at ₹986.90 on the NSE, marking a 4.63% gain for the day. The stock has appreciated 15% over the past year, indicating continued investor faith in the company’s growth prospects.

Strategic Expansion: International Foray into Vietnam
The company’s vision reaches beyond domestic boundaries. In June 2025, the company signed a non-binding Memorandum of Understanding with Viet Khanh Joint Stock Company to develop a 100 MWp ground-mounted solar project in Vietnam. This move signals Waaree’s intent to expand its international footprint and tap into Southeast Asia’s growing demand for renewable energy infrastructure.
The agreement, disclosed in compliance with SEBI regulations, marks a strategic step in Waaree’s global growth plan. The final terms will be outlined in a future binding contract, but the partnership already positions Waaree as a credible EPC player beyond India’s borders.

Business Model and Sectoral Position
Waaree Renewable Technologies, a subsidiary of the Waaree Group, is a leading player in the solar EPC space. The company offers turnkey solutions for both on-site (rooftop, ground-mounted) and off-site (open-access) solar projects, catering to a diverse client base in India and now internationally.
Waaree’s robust order book, rapid execution capabilities, and focus on operational excellence have allowed it to capture a significant share of India’s transition to clean energy. The company is also exploring adjacent opportunities, such as energy-intensive data centers, to further diversify its portfolio.

Challenges and Outlook
Despite its successes, Waaree faces several challenges:
• Cash Flow Management: The company’s working capital cycle is complex, with significant retention money affecting liquidity. There is a noted mismatch between sales growth and cash flow from operations, which could pose risks if not managed carefully.
• Competitive Pressures: As the renewable sector attracts more players, Waaree will need to maintain its edge in cost, technology, and execution to protect margins.
• Project Diversification: While the company is tracking a robust order pipeline, it has yet to secure orders for new segments like data centers, indicating potential delays in diversification.
Nonetheless, Waaree’s strong order book, proven execution, and strategic international moves position it well for continued growth.

Conclusion
Backed by robust financials, a growing order pipeline, and a strategic push into international markets, Waaree is set to play a pivotal role in India’s—and Asia’s—renewable energy transition. While challenges around cash flow and competition persist, the company’s proactive approach and operational resilience provide a strong foundation for future expansion.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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L&T Launches India’s First ESG Bonds, Raises ₹500 Crore!

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Massive Order Lifts Solar Stock to Upper Circuit Limit
Market News - June 19, 2025

Massive Order Lifts Solar Stock to Upper Circuit Limit

Massive Order Lifts Solar Stock to Upper Circuit Limit

Big Contract From Zetwerk Sends Solar Stock Higher

Ganesh Green Bharat Ltd, a rising player in India’s renewable energy space, hit the *upper circuit limit* in trading after securing a *significant ₹620.64 crore order* from Zetwerk Manufacturing Businesses Pvt Ltd. This development brought the company’s *total order book value to ₹1,173.56 crore*, reflecting substantial growth in its project backlog and future revenue potential.

The newly received contract covers the *design, supply, installation, testing, and commissioning (SITC)* of solar energy systems. It represents a landmark addition to the company’s active portfolio, which includes a wide range of infrastructure solutions such as *solar EPC services, electrical installations, and **water-related engineering works*

Prior to this deal, Ganesh Green Bharat had secured several contracts across its business segments. It held around ₹273 crore in solar project orders, approximately ₹26 crore in electrical contracts, and over ₹14 crore in water supply projects. The new order from Zetwerk not only dominates all previous individual projects by value but also *more than doubles* the company’s total work commitments, greatly enhancing its order visibility over the next several quarters.

Following the announcement, the stock was quickly locked in the *upper price band*, which restricts further upward movement for the trading session. This reaction mirrors previous surges seen when the company announced smaller contracts earlier this year, including solar pump installations and rural electrification orders, which had boosted confidence among investors.

Ganesh Green Bharat Ltd made headlines with its public debut in July 2024, when its *Initial Public Offering (IPO)* was subscribed over *12 times. Since then, the company has steadily added to its project portfolio, winning tenders under key government programs such as **Saubhagya Yojana, PM-KUSUM, and Jal Jeevan Mission. Its business model revolves around offering **EPC services for solar power systems, electrical infrastructure, and **water system projects*—sectors that are currently seeing increased public and private investment.

The company’s *market capitalization* now hovers between *₹830 and ₹1,080 crore*, depending on market conditions. This new mega order is expected to improve its earnings potential and visibility for the next few financial periods.

This Rs 620.64 crore contract could mark a turning point for the company, pushing it toward *mid-cap territory* and positioning it for larger bids in the renewable energy space. The scale of the project not only reinforces the company’s operational capabilities but also highlights the trust that large industrial players like Zetwerk place in Ganesh Green Bharat’s execution strength.

However, it’s important to note that while such big-ticket orders can fuel optimism, they also introduce new challenges. Project execution at scale, meeting deadlines, and managing supply chain risks are all factors that could affect performance. Moreover, high valuation levels post-IPO mean the company must deliver strong financials consistently to sustain investor confidence.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Fueling the Future: Investment Highlights of Sigachi’s Hyderabad Facility

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Battery Storage Win Powers Acme Solar’s Stock Surge
Market News - June 18, 2025

ReNew Energy Reports Fivefold Profit Rise in Q4, Expands Green Energy Portfolio

ReNew Energy Reports Fivefold Profit Rise in Q4, Expands Green Energy Portfolio

ReNew Energy Global Plc, a major contributor to the renewable energy sector, has reported a staggering fivefold jump in its net profit for the fourth quarter of fiscal year 2025. The company posted a consolidated profit of ₹313.7 crore, significantly higher than the ₹60.9 crore earned during the same quarter a year earlier. This notable growth highlights ReNew Energy’s efficient strategies and the strong impact of its solar module and cell manufacturing operations.

Q4 Financial Highlights
During Q4, ReNew Energy achieved total revenue of ₹3,439.1 crore, reflecting a robust 39% rise from ₹2,477.6 crore in the corresponding quarter of FY24. A major driver of this growth was the ₹991.4 crore generated from external sales of solar modules and cells. Additionally, income from power sales increased to ₹1,829.4 crore, compared to ₹1,690.8 crore in the same period last year. These results demonstrate the company’s growing efficiency in both energy production and solar manufacturing.
For the full financial year, ReNew Energy’s net profit reached ₹459.1 crore, improving from ₹414.7 crore in the previous year. Annual total income rose to ₹10,907 crore from ₹9,653 crore in FY24. The solar module and cell division contributed ₹1,337 crore to yearly revenue, indicating increasing demand for homegrown green energy components.

Growth in Manufacturing Capacity
A critical factor behind ReNew Energy’s performance is its focus on rapidly expanding manufacturing facilities. The company currently has a production capacity of 6.5 GW for solar modules and 2.5 GW for solar cells. This in-house manufacturing scale has positioned ReNew to successfully meet rising demand and improve profitability.
The company’s renewable energy capacity also grew significantly, increasing from 13.5 GW in March 2024 to 17.3 GW by the end of March 2025. Additional power purchase agreements (PPAs) signed after the fiscal year-end added another 1.2 GW to its portfolio. Including these agreements and 1.1 GWh of battery storage assets, ReNew’s total green energy portfolio now stands at roughly 18.5 GW.
ReNew also achieved progress in project commissioning. By March 31, 2025, the company had commissioned 10.7 GW of capacity, with an additional 466 MW added soon after. These developments highlight ReNew’s increasing presence in the renewable energy market and its efforts to build an integrated green energy operation.

Acquisition Proposal and Investor Interest
ReNew Energy’s impressive growth has drawn the attention of global investors. The company recently received a non-binding acquisition offer from a consortium including Masdar of Abu Dhabi, Canada Pension Plan Investment Board (CPPIB), Platinum Hawk (a subsidiary of Abu Dhabi Investment Authority), and ReNew CEO Sumant Sinha. The proposal suggests acquiring the remaining Class A shares at a price of $7.07 per share. An independent committee is carefully evaluating the offer to ensure it benefits all shareholders.
This development reflects the growing confidence of international investors in India’s renewable energy sector and in ReNew’s long-term growth strategy. It also shows strong belief in the company’s ability to deliver sustained performance.

FY26 Growth Projections
ReNew Energy has shared positive expectations for fiscal year 2026. The company plans to add between 1.6 GW and 2.4 GW of additional renewable capacity in the coming year. It anticipates adjusted EBITDA in the range of ₹8,700 crore to ₹9,300 crore, and forecasts cash flow to equity between ₹1,400 crore and ₹1,700 crore. These projections confirm ReNew’s commitment to scaling its operations while maintaining strong financial control.
The company’s ongoing investments in both solar manufacturing and renewable energy projects place it in a favorable position to benefit from India’s aggressive clean energy goals and the global movement toward sustainable energy solutions.

Summary
ReNew Energy’s outstanding Q4 FY25 performance showcases its ability to successfully leverage the rising demand for green energy. The company’s rapid growth in solar manufacturing and renewable capacity has strengthened its financial position and enhanced its competitiveness. With a solid growth outlook, acquisition interest from major investors, and a clear strategic direction, ReNew Energy appears well-positioned to sustain its success in the evolving renewable energy landscape.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Penny Stock Soars After ₹8.68 Crore US Foods Order Sparks Investor Buzz

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Grainspan Boosts Ethanol Output with ₹520 Crore Investment in Gujarat Plants
Market News - June 16, 2025

Grainspan Boosts Ethanol Output with ₹520 Crore Investment in Gujarat Plants

Grainspan Boosts Ethanol Output with ₹520 Crore Investment in Gujarat Plants

Driven by government incentives and rising green fuel demand, Grainspan expands ethanol production capacity to support India’s ambitious fuel blending goals.

Grainspan Scales Up Ethanol Manufacturing with Strategic Investment

In a major move toward eco-friendly fuel advancement, Grainspan Nutrients has earmarked ₹520 crore for the construction of two cutting-edge grain-based ethanol plants in Ahmedabad district, Gujarat. These facilities, designed to produce ethanol using maize and rice, play a vital role in supporting India’s ethanol blending goals while also helping the company diversify and grow its revenue streams.

The initial facility, situated in Bhamsara Village, commenced operations in May 2023, introducing Gujarat to its inaugural venture in ethanol manufacturing from grains. The facility boasts a daily production capacity of 110 kilolitres (KL). Building on its success, Grainspan recently launched a second plant at the same site, with a significantly higher capacity of 240 KL per day and an investment of ₹360 crore.

Government Subsidies Drive Ethanol Industry Expansion

Grainspan’s expansion has been significantly supported by the Union Government’s interest subvention schemes aimed at enhancing ethanol production in India. Introduced between 2018 and 2022, these schemes offer subsidized interest rates on loans for establishing or expanding ethanol plants. Grainspan’s first ethanol plant was partly financed through a ₹120 crore loan obtained under a government-supported interest subsidy program.

While the first facility benefited from interest support, the second plant, despite being fully operational, did not receive similar subsidy support. However, the company remains confident in the commercial viability of both projects, driven by consistent demand from Oil Marketing Companies (OMCs) under the Ethanol Blending Programme (EBP).

Ethanol Production to Fuel Revenue Growth

The two ethanol units combined can now produce 350 KL of ethanol per day. Grainspan has set its sights on delivering around 8 crore litres of ethanol during the 2024–25 Ethanol Supply Year, which stretches from November through October. This volume is expected to grow to 12 crore litres in the following year, contributing over ₹800 crore to the company’s top line, given the fixed supply price of around ₹72 per litre.

Grainspan’s decision to diversify into ethanol manufacturing has paid off significantly. In the last fiscal year, the company recorded a 20% jump in revenue, reaching ₹758 crore. Of the overall revenue, ₹416 crore originated from the firm’s core food ingredients division, whereas ₹342 crore was generated through its ethanol business activities.

Ethanol Blending in Gujarat and Beyond

Grainspan operates two of the three grain-based ethanol plants currently active in Gujarat, underscoring the company’s leadership role in the state’s green fuel initiative. In addition to these, Gujarat is home to 13 sugarcane-based distilleries that contribute to the ethanol supply chain.

By June 8, 2025, Gujarat had achieved an ethanol blending rate of 18.9%, contributing close to 33 crore litres to the overall supply. On a national scale, ethanol integration into fuel has consistently climbed, with 548 crore litres blended by May 25 in the current Ethanol Supply Year 2024–25, reflecting a nationwide blending percentage of 18.74%.

India has outlined an aggressive goal to attain a 20% ethanol-to-petrol blending ratio by the 2025–26 financial year. The growing participation of companies like Grainspan in the ethanol sector is seen as a crucial driver in reaching this goal.

India’s Ethanol Journey: A Decade of Transformation

The ethanol landscape in India has evolved rapidly over the past decade. Back in 2013, India’s ethanol distillation infrastructure was limited to 421 crore litres, with fuel blending rates barely reaching 1.53%. By the year 2025, India’s capacity to produce ethanol has witnessed an exponential rise, reaching 1,810 crore litres—a fourfold expansion—driven by 816 crore litres from molasses processing, 136 crore litres via dual-feed systems, and 858 crore litres sourced from grain-based production units.

This massive scale-up is largely attributed to proactive government policies, including interest subsidies and mandates for fuel blending. This transformation triggered a massive escalation in ethanol supply to Oil Marketing Companies, rising from just 38 crore litres in 2013–14 to an impressive 707 crore litres in 2023–24—a growth of nearly eighteen times within a decade.

Looking Ahead: Ethanol as a Pillar of Sustainable Energy

With rising awareness around clean energy and energy independence, ethanol is increasingly being recognized as a critical alternative to fossil fuels. Companies like Grainspan are at the forefront of this transformation, not only meeting domestic requirements but also eyeing future export opportunities.

The recent push to convert existing sugarcane-based distilleries into multi-feed plants — enabled by a new interest subvention scheme launched in March 2025 — further underlines the government’s commitment to ethanol as a long-term energy strategy.

Final Thoughts

Grainspan Nutrients’ ₹520 crore investment in ethanol production marks a pivotal development in Gujarat’s and India’s green fuel journey. Backed by favorable government policies and strong market demand, the company has rapidly scaled its ethanol capacity while contributing significantly to national fuel blending targets.

As the country marches toward its 20% blending target by 2025–26, enterprises like Grainspan will play an essential role in shaping India’s energy future — one that leans toward sustainability, self-reliance, and innovation.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Sun Pharma’s Halol Faces USFDA Inspection Setbacks

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Alpex Solar Q1 FY26: Stellar Growth Pushes Company to New Peaks
Business - June 16, 2025

Dharan Infra-EPC’s Green Leap: New Subsidiary to Power Solar Ambitions

Dharan Infra-EPC’s Green Leap: New Subsidiary to Power Solar Ambitions

From penny stock to renewable pioneer, the company’s creation of Dharan Infra Solar Private Ltd signals a bold shift toward India’s clean energy future.

Introduction
Corporate interest in India’s renewable energy sector continues to rise, with Dharan Infra-EPC Limited becoming the newest entrant in the space.
Once known primarily for its real estate and construction projects under the name KBC Global Ltd, the company is now charting a new course. By establishing Dharan Infra Solar Private Ltd, it aims to become a key player in the solar and hybrid power ecosystem—a sector critical to India’s clean energy transition and global climate commitments.

Strategic Rebranding and Vision
The evolution from KBC Global Ltd to Dharan Infra-EPC Limited marks a strategic shift that goes well beyond just rebranding.
It reflects a deliberate shift from traditional real estate to a broader focus on infrastructure and engineering, procurement, and construction (EPC) services, with sustainability at its core. The board’s approval of this move, alongside a recent 1:1 bonus share issue, signals management’s intent to reward shareholders and align the company’s identity with its evolving business model.

Dharan Infra Solar: Scope and Ambitions
Comprehensive Renewable Solutions
Dharan Infra Solar Private Ltd is designed to be a one-stop shop for solar and hybrid energy projects. Its made up of the full value chain:
• Designing, manufacturing, and upgrading solar modules and cells
• Trading, importing, and exporting solar hardware
• Assembling, fabricating, and maintaining solar-plus-hybrid systems
• Offering comprehensive solutions spanning from project planning to complete execution
By integrating these capabilities, the subsidiary aims to deliver seamless, end-to-end services for clients seeking to adopt solar power or hybrid renewable systems.
Aligning with National Priorities
This strategic expansion comes at a time when India is fast-tracking its shift toward solar and wind energy, creating massive new opportunities for EPC companies with green ambitions. Dharan Infra Solar’s market entry comes at an opportune moment, aligned with government incentives, growing corporate sustainability commitments, and the pressing demand for decentralized clean energy solutions.

Financial and Market Context
Stock Performance and Order Book
Despite being classified as a penny stock, trading below Re 1, Dharan Infra-EPC Limited has shown resilience and adaptability. The company’s order book stands at ₹260 crore, reflecting ongoing demand for its infrastructure and EPC services. The announcement of the new subsidiary and the company’s foray into renewables have already sparked positive market reactions, with recent share price surges noted in response to the news.
Bonus Issue and Shareholder Value
In February 2024, the company declared a 1:1 bonus share issue, further underlining its commitment to shareholder value. The reserves being capitalized for this bonus issue total approximately ₹261.4 crore, providing a solid foundation for future expansion.

Industry Implications and Competitive Edge
Positioning in a Crowded Market
India’s renewable energy sector is intensely competitive, with both seasoned players and emerging contenders striving to capture market share.
Dharan Infra Solar’s strategy to offer integrated, turnkey solutions—spanning design, manufacturing, installation, and maintenance—sets it apart from firms focusing on just one segment of the value chain.
Sustainability and Diversification
Management has emphasized that the move into renewables is both a business imperative and an environmental responsibility. By diversifying into green energy, Dharan Infra-EPC not only reduces its carbon footprint but also opens up new, sustainable revenue streams that can buffer against cyclical downturns in traditional construction and real estate.

Challenges and Future Outlook
While the company’s ambitions are clear, execution will be key. The renewable energy sector demands technological expertise, robust supply chains, and the ability to navigate regulatory complexities. However, with an experienced management team, a growing order book, and a clear strategic roadmap, Dharan Infra-EPC is well-positioned to make a meaningful impact.

Conclusion
The launch of Dharan Infra Solar Private Ltd by Dharan Infra-EPC Limited represents a pivotal step in its transformation from a conventional infrastructure firm into a progressive force in India’s renewable energy landscape.
As the nation accelerates its clean energy transition, the company’s integrated approach and strategic timing could see it emerge as a notable force in solar and hybrid power solutions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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ITC Completes Acquisition of 24 Mantra Organic: A Major Leap into India’s Organic Food Market

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