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Power stocks surge on strong order books, demand outlook and earnings
Shares of power companies surged as investors cheered strong order books, renewable energy demand and robust earnings visibility across the sector
This multibagger renewable energy stock jumps 50% from March lows, hits five-month high. Do you own it?
Suzlon Energy has seen a remarkable stock recovery, climbing 50% amid improved investor sentiment and rising renewable energy demand. The company reported strong quarterly earnings, and brokerages express confidence in its growth, maintaining 'Buy' ratings with target prices from ₹60 to ₹71.
Arunachal signs MoA with Greenko for 1,750 MW Demwe Lower hydropower project on Lohit River
Arunachal Pradesh has signed a Memorandum of Agreement with Greenko Demwe Power Limited for the 1750 MW Demwe Lower Hydroelectric Project. This significant collaboration, on a BOOT basis, aims to bolster India's renewable energy capacity and is part of the nation's 50,000 MW Hydroelectric Initiative.
Enviro Infra arm bags Rs 207-cr hybrid renewable EPC contract
Enviro Infra Engineers announced that its step-down subsidiary Suyog Urja (SUL) has secured a Rs 207.47 crore contract for land aggregation and balance of plant (BoP) works for a hybrid renewable energy project.
Avaada seeks $800 million to refinance Brookfield Asset Management debt
Avaada Group is raising $800 million to refinance existing debt. This move aims to reduce finance costs before the group's planned public market listing. The funds will come from offshore loans and local bonds. This refinancing will replace part of the debt from Brookfield Asset Management. Avaada is expanding its renewable energy and manufacturing businesses.
Avaada seeks $800 million to refinance Brookfield Asset Management debt
Avaada Group is raising $800 million to refinance existing debt. This move aims to reduce finance costs before the group's planned public market listing. The funds will come from offshore loans and local bonds. This refinancing will replace part of the debt from Brookfield Asset Management. Avaada is expanding its renewable energy and manufacturing businesses.
ONGC bets on gas-led growth as premium pricing boosts profitability
ONGC anticipates natural gas will drive its future growth and profitability. New high-priced gas production is set to increase significantly, meeting rising domestic demand. Projects like Daman and KG-98/2 are expected to boost gas output. ONGC is also expanding its renewable energy portfolio and seeking cost savings. The company is strategically shifting towards gas.
Electrification, renewable energy and data centres growth drivers: Hitachi
Hitachi Energy India is set to inject Rs 2,000 crore into expanding its manufacturing capabilities, driven by the surging demand for power from electric vehicles, renewable energy sources and data centers. This initiative positions the company at the forefront of Asia's second-largest economy, anticipating significant growth opportunities.
IND Renewable Energy reports standalone net loss of Rs 1.05 crore in the March 2026 quarter
Reported sales nil
Suzlon Energy gets the wind in its sails as deliveries improve
Suzlon Energy's Q4 report shows 45% revenue increase to ₹5,500 crore and a robust order book of 5,892 MW. The company is transitioning to an integrated renewable energy platform, expecting increased commissioning momentum and improved execution control amid rising renewable demand in India.
Shah Metacorp signs pact with Strike Eco for Rs 25 crore funding
Ahmedabad-based Shah Metacorp Ltd has entered into a strategic agreement with Strike Eco Grid, committing up to Rs 25 crore in funding for renewable energy projects. The company has also acquired a 26% stake in Strike Eco Grid, with plans to potentially increase it to 75% based on performance.
Adanis set up largest single-site battery storage outside China
Adani Green Energy has commissioned a massive 3.37 GWh battery storage system in Khavda, Gujarat. This is the world's largest single-location battery storage outside China. The project was completed rapidly, enhancing grid reliability and enabling round-the-clock renewable power. Adani Green Energy plans significant future expansion of its battery storage capacity.