Techno Electric & Engineering Company Ltd launches $1 billion digital infrastructure arm, to build 36 MW data centre in Chennai
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Mint
3 days ago
- Mint
ReNew Energy's Q1 profit jumps to ₹513 crore on higher solar module sales
New Delhi: Nasdaq-listed ReNew Energy Global on Thursday reported a thirteen-fold growth in its net profit to ₹ 513.1 crore in the April-June quarter of FY26, buoyed by higher solar module and power sales. The renewable energy company's net profit was ₹ 39.4 crore in the April-June period a year ago. Its total income jumped 65% year-on-year to ₹ 4,118.2 crore during the June quarter, the company said in a statement. Revenue from sale of power stood at ₹ 2,547.3 crore ($297 million), compared to ₹ 2,233.5 crore ($260 million) in the April-June period of FY25. Total income for Q1 FY26 from module and cell manufacturing operations was ₹ 1,322.3 crore ($154 million). "Adjusted Ebitda (earnings before interest, taxes, depreciation, and amortization) for Q1 FY26 was ₹ 27,220 million ($317 million), as against ₹ 18,979 million ($221 million) in Q1 FY25," it said. As of 30 June, the company's portfolio consisted of 18.2 GW of renewable energy capacity and 1.1 GWh battery energy storage solution (BESS) capacity. In addition, the company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing, which is operational and is building a 4 GW cell manufacturing facility. "The company reiterates its FY26 guidance and expects to complete the construction of 1.6 to 2.4 GWs by the end of fiscal year 2026. The company's Adjusted EBITDA and cash flow to equity guidance for FY26 are subject to weather and resource availability," the company said in the statement. In May, British International Investment (BII) invested $100 million in the solar module and cell manufacturing subsidiary of ReNew. The investment will be deployed towards adding 4 gigawatts of solar module and cell manufacturing capacity. Last month, its promoters revised their offer to take the Nasdaq-listed renewable energy company private.
Mint
3 days ago
- Mint
ReNew Energy's Q1 profit jumps to ₹513 crore on higher solar module sales
New Delhi: Nasdaq-listed ReNew Energy Global on Thursday reported a thirteen-fold growth in its net profit to ₹ 513.1 crore in the April-June quarter of FY26, buoyed by higher solar module and power sales. The renewable energy company's net profit was ₹ 39.4 crore in the April-June period a year ago. Its total income jumped 65% year-on-year to ₹ 4,118.2 crore during the June quarter, the company said in a statement. Revenue from sale of power stood at ₹ 2,547.3 crore ($297 million), compared to ₹ 2,233.5 crore ($260 million) in the April-June period of FY25. Total income for Q1 FY26 from module and cell manufacturing operations was ₹ 1,322.3 crore ($154 million). "Adjusted Ebitda (earnings before interest, taxes, depreciation, and amortization) for Q1 FY26 was ₹ 27,220 million ($317 million), as against ₹ 18,979 million ($221 million) in Q1 FY25," it said. As of 30 June, the company's portfolio consisted of 18.2 GW of renewable energy capacity and 1.1 GWh battery energy storage solution (BESS) capacity. In addition, the company has 6.5 GW of solar module manufacturing and 2.5 GW of cell manufacturing, which is operational and is building a 4 GW cell manufacturing facility. "The company reiterates its FY26 guidance and expects to complete the construction of 1.6 to 2.4 GWs by the end of fiscal year 2026. The company's Adjusted EBITDA and cash flow to equity guidance for FY26 are subject to weather and resource availability," the company said in the statement. In May, British International Investment (BII) invested $100 million in the solar module and cell manufacturing subsidiary of ReNew. The investment will be deployed towards adding 4 gigawatts of solar module and cell manufacturing capacity. Last month, its promoters revised their offer to take the Nasdaq-listed renewable energy company private. The consortium increased its offer price to $8 per share, payable in cash compared with the original offer of $7.07 per share. ReNew's shares traded little changed at $7.66 apiece in New York on Thursday.
Hans India
4 days ago
- Hans India
Projects worth Rs 342 cr cleared for cleanliness, beautification drive in Har
Chandigarh: Haryana Chief Minister Nayab Singh Saini directed officials to ensure that the tendering process for civil works in the state is fully transparent, efficient and time-bound to accelerate cleanliness, beautification and infrastructure development in urban areas. He instructed that a Standard Operating Procedure (SOP) be prepared for the tender process, with clearly defined timelines and responsibilities for each stage, to eliminate unnecessary delays and ensure timely execution of projects. The Chief Minister presided over a meeting of the High Powered Works Purchase Committee (HPWPC) in Panchkula concerning the implementation of various projects in urban local bodies. Urban Local Bodies Minister Sh Vipul Goyal was also present. The committee approved projects worth approximately Rs 342 crore. Through rate negotiations with various bidders, savings of about Rs11.90 crore were achieved. Amrapali' campaign connects society Commissioner and Secretary, Haryana Information, Public Relations and Languages department, Dr. Amit Agrawal, said that the 'Amrapali' campaign connects society with both the environment and tradition, thereby strengthening the foundation of our cultural values. Dr. Agrawal was addressing the gathering as the Chief Guest at the release ceremony of the 'Amrapali' souvenir here today. Earlier, Dr. Amit Agrawal along with Additional Director, Smt. Varsha Khangwal formally released the souvenir, which has been published by Maharani Lakshmi Bai College, Bhiwani Rohilla, Hisar. Commending the efforts of the college's principal, Sharma, said that the 'Amrapali' campaign' – will not only help restore ecological balance but will also contribute to the economic prosperity of farmers. Governor to hoist National Flag in Ambala On the occasion of Independence Day on August 15, Haryana Governor Prof. Ashim Kumar Ghosh will hoist the national flag in Ambala, while Chief Minister Sh. Nayab Singh Saini will hoist the flag in Rohtak. Energy Minister Sh. Anil Vij will join the Governor in Ambala for the flag hoisting ceremony. Haryana Vidhan Sabha Speaker Sh. Harvinder Kalyan will hoist the flag in Panipat, while Deputy Speaker Dr. Krishan Kumar Middha will do so in Sonipat. Media's role crucial in strengthening democratic system Haryana Vidhan Sabha Speaker Harvinder Kalyan said the media plays a vital role in strengthening the democratic system. He said the Vidhan Sabha discusses issues of the public and converts them into laws, and in this process, the media acts as a bridge between the public and the legislature. Kalyan was addressing the gathering after inaugurating a training workshop for media personnel at Haryana Niwas, Chandigarh. He inaugurated the workshop by lighting the ceremonial lamp. The workshop, organised by the Haryana Vidhan Sabha, aimed to brief media personnel about the finer details of the Assembly's proceedings. HIV/AIDS awareness campaign launched Haryana Health Minister Arti Singh Rao appealed to the youth to stay aware about HIV/AIDS and dispel misconceptions related to it. She said with proper information, timely testing and necessary precautions, the disease can be treated. The minister urged the youth not to believe in rumours and to follow verified medical advice. On the occasion of International Youth Day, a state-level programme was organised at Government Girls College, Gurugram, where the Health Minister lit the ceremonial lamp and inaugurated the state-wide Intensified Information, Education and Communication campaign on HIV/AIDS, to be run from August 12 to October 10. She also flagged off a motorcycle and auto rally. Chief Secy reviews progress of 18 projects Haryana Chief Secretary Sh. Anurag Rastogi reviewed the progress of projects worth over Rs100 crore with administrative secretaries. During the meeting, detailed information was given about 18 projects from the Civil Aviation, Health & Family Welfare, Animal Husbandry & Dairying, Agriculture & Farmers Welfare, Industries & Commerce, and Power Departments, with a combined value of over Rs21,548 crore. The Chief Secretary directed officials to promptly remove any obstacles in the execution of these projects. He also instructed regular monitoring to ensure timely completion. He said once these projects are completed, they will usher in a new era of socio-economic development in the state and bring meaningful improvements to people's lives. Digital leap in heritage preservation In a significant step towards heritage digitalization, Haryana Heritage and Tourism Minister, Dr. Arvind Kumar Sharma, on Tuesday launched the official website of the Haryana Archaeology and Museums Department ( — from his office at the Haryana Civil Secretariat. Dr. Sharma said that this new platform is an excellent medium to present Haryana's archaeological treasures and cultural richness to audiences across India and the world. This initiative reflects the successful integration of technology in heritage conservation. It will not only strengthen transparency and education but also encourage greater public participation, he said.
