Power

Power Finance Corporation (PFC) Ltd., India’s leading state-owned infrastructure lender, reported a 9% year-on-year increase in consolidated net profit to Rs 7,834 crore for the second quarter (Q2) of FY2024-25, driven by higher loan disbursements and improved asset quality. The company’s revenue from operations surged to Rs 24,643 crore, while gross non-performing assets (NPAs) fell sharply, reflecting strong financial discipline and robust sectoral demand.

Adani Power Ltd has emerged as the lowest bidder for Bihar’s ambitious 2,400 MW Bhagalpur thermal power project, quoting a competitive tariff of Rs 6.075 per unit. The project, valued at approximately Rs 26,000 crore, marks a significant milestone in Bihar’s push toward energy self-sufficiency and industrial growth. Expected to be developed over the next five years, the ultra-supercritical plant will strengthen the state’s power infrastructure and generate large-scale employment during construction.

State-run miner and power producer NLC India Ltd reported a 26% decline in net profit for the second quarter of FY2025, primarily due to higher operating expenses and lower power generation. The company’s bottom line dropped to Rs. 730 crore compared with Rs. 986 crore in the same quarter last year, even as revenue rose marginally on improved realizations. Increased fuel costs, maintenance expenditure, and subdued lignite output weighed on performance.

The Adani Power supply agreement with Bangladesh has come under official scrutiny as Dhaka examines the financial implications of electricity imports from the company’s Jharkhand-based power plant. The review, initiated by Bangladesh’s Power Development Board (BPDB), follows concerns over escalating energy costs, currency pressures, and the need to ensure cost-efficient electricity procurement.

The International Solar Alliance (ISA) is driving a strategic push toward Building-Integrated Photovoltaic (BIPV) technology, positioning it as a crucial innovation for sustainable urban development and energy-efficient infrastructure. By embedding solar panels into the architectural fabric of buildings—such as facades, rooftops, and windows—BIPV offers a dual advantage of clean energy generation and aesthetic functionality.

A Delhi court has discharged former Coal Secretary A.K. Jain and several others in a long-pending case related to alleged irregularities in the allocation of a coal block, bringing partial closure to one of India’s most politically charged corruption cases. The court held that the evidence presented by the prosecution failed to substantiate the allegations, emphasizing the lack of criminal intent or procedural violation.

Coal India Ltd. (CIL), the state-owned mining giant and the world’s largest coal producer, reported a dip in its coal production for October, marking a temporary setback in its annual output trajectory. The decline, attributed to heavy monsoon rains and operational disruptions across key mining regions, has prompted concerns over fuel supply to power plants ahead of peak winter demand.

In a landmark move for India’s renewable energy sector, Havells India Ltd. has announced a Rs. 1,400 crore investment in Goldi Solar, one of the country’s leading solar module manufacturers. The strategic partnership aims to accelerate domestic solar manufacturing capacity, align with India’s clean energy goals, and reduce dependence on imported modules. The deal underscores Havells’ growing interest in sustainable technologies and positions Goldi Solar for rapid expansion across both domestic and export markets.

Godawari Power & Ispat Ltd. (GPIL) has announced the resumption of operations at its pellet plant in Chhattisgarh, following the completion of a planned maintenance shutdown. The restart marks an important operational milestone for the integrated steel producer, which temporarily halted production to carry out essential maintenance and capacity optimization. With the plant back online, GPIL aims to restore full-scale production and meet its domestic and export commitments.

In a move that underscores India’s accelerating transition toward advanced power infrastructure, Toshiba Transmission & Distribution Systems (India) Pvt. Ltd. (TTDI) has delivered a 220kV Mobile Gas Insulated Substation (GIS) to the Power Grid Corporation of India Ltd. (PGCIL). The state-of-the-art unit, developed at Toshiba’s Hyderabad facility, is designed to ensure reliable electricity supply during grid maintenance and emergencies.