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EBITDA

Waaree Energies Results- Q4 Revenues Up 38%, FY25 Profits Up 107%

India’s largest module , and now cell maker Waaree Energies Ltd has reported its Q4 FY25 results. The firm reported its best quarterly numbers yet, with revenues growing 38% YoY to a lifetime high of Rs. 4,141 Cr for the quarter. EBITDA grew faster on the back of improving margins, rising 116% YoY. Finally, profit […]

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Inox Wind Executes 990 MW Wind Energy Order For Purvah Green

Inox Wind Limited (IWL) has executed a 990 MW turnkey order under a 1,500 MW framework agreement, with implementation underway across multiple sites in Gujarat, Rajasthan, and Madhya Pradesh. The company said it has received all project-related advances, and commissioning is expected to begin in phases from FY26 onwards. The order from Kolkata-based Purvah Green […]

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Havells Pumps Rs. 600 Cr Into Goldi Solar, Eyes Bigger Play In RE

Havells India has signed a binding term sheet to invest Rs. 600 crore in Goldi Solar. The investment, approved by Havells’ Executive Committee, is part of Goldi’s proposed fundraising round of up to INR 1,300 crore, expected to close within the next 75 days. In a regulatory filing, Havells said, “The binding term sheet provides […]

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JSW Acquires 4.7 GW RE Platform From O2 Power For ₹12,468 Cr

JSW Neo Energy Limited (JSW Neo), a JSW Energy Limited subsidiary, has completed the acquisition of a 4.7 GW renewable energy (RE) platform from O2 Power Pooling Pte. Ltd. (O2 Power), a platform jointly established by global investment organisations EQT & Temasek in 2020. The platform is valued at approximately ₹12,468 crores, after adjustments under […]

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Premier Sets Up Aluminium Unit To Expand Captive Use

Premier Energies Limited has incorporated a subsidiary, Premier-Green Aluminium Private Limited (PGAPL), to manufacture, process, and extrude aluminium and its alloys for captive consumption, the company said in a regulatory filing. The new subsidiary has an authorized share capital of ₹10 lakh, Premier Energies said.  In 2024, Premier Energies and several Indian solar manufacturers announced […]

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Pace Digitek Files ₹900 Cr IPO For Setting Up BESS Project

Renewable energy and telecom service provider Pace Digitek Ltd has filed for an initial public offering (IPO) worth ₹900 crore and is considering a pre-IPO placement of up to ₹1,800 million, according to its draft red herring prospectus. The IPO plans follow a string of wins for the firm in recent BESS tenders due from […]

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BattRE Surpasses ₹100 Cr Revenue, Maintains Profitability

Electric two-wheeler manufacturer BattRE is back on a growth trajectory, reporting an 18% increase in FY24, compared to a 6% decline in FY23. However, its profit remained unchanged during the last fiscal year. BattRE’s revenue from operations increased to Rs 102.5 crore in FY24 from Rs 87 crore in FY23, according to its financial statement […]

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Loom Solar Crosses Rs 150 Cr Milestone in Fy24, Profits Spike As Well

Solar energy solutions provider Loom Solar has managed around three-fold growth in its operating revenue during the last fiscal year. Significantly, the Faridabad-based company also tripled its profits in FY24. Loom Solar’s revenue from operations soared by 2.9X to Rs 151.5 crore in the fiscal year ending March 2024 from Rs 53 crore in FY23, […]

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SMA Solar Rocked By Losses In 2024

German solar inverter maker SMA Solar managed to meet 2024 sales projections, but at a high cost that saw it slip into losses for the Fy2024. Both sales and income in 2024 fell over 2023 as a result of what the company termed weakening demand in Europe besides inventory losses. That meant that on sales […]

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