Subject to shareholder approval, Banga will take over as CEO & Managing Director for a five-year term beginning May 1, 2027. Tata Power has appointed Sanjay Banga as CEO Designate and approved his appointment as CEO & Managing Director for a five-year term beginning May 1, 2027, as the company advances its transition towards renewable...
Tag: power sector
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India Energy Stack Moves Closer to National Rollout After Taskforce Review
The India Energy Stack (IES) Taskforce has reviewed its final report, outlining the roadmap for scaling one of India’s largest digital public infrastructure initiatives. The India Energy Stack (IES) Taskforce has reviewed its final report, outlining the strategy, technology architecture, governance framework and implementation roadmap for scaling one of India’s largest digital public infrastructure initiatives....
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REC Profit Tops ₹75 Billion as Loan Book Crosses ₹6.17 Trillion
The power sector financier’s strong H1 FY2026-27 performance was driven by growth in its loan book, renewable energy portfolio and disbursements. State-run power sector financier REC Ltd reported a profit after tax (PAT) of ₹75.4 billion for the first half of FY2026-27, supported by strong growth in its loan book, renewable energy portfolio and disbursements....
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Power Investments to Drive 100-200 bps Revenue Growth for Large EPC Firms
Rising power sector investments, steady public infrastructure spending, and expanding overseas contracts will drive EPC revenue growth this fiscal. Large, diversified engineering, procurement and construction (EPC) companies with revenue above ₹10 billion and presence across multiple infrastructure segments are set to post a 100-200 basis‑point (bps) increase in revenue growth to 9-10 per cent this fiscal, according...
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Discoms Spark Turnaround: Power Utilities Post First Profit in Several Years
The turnaround in distribution utilities is matched by improvements in other critical performance indicators, highlighting the depth of reforms. It’s good news that was long‑awaited. India’s power distribution utilities have collectively recorded a positive profit after tax (PAT) of ₹27.01 billion in FY2024‑25, marking a turnaround for the sector. The world’s third‑largest energy consumer’s distribution...
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Manohar Lal Flags Off Countdown to Global Bharat Electricity Summit 2026 in March
The four‑day event will showcase India’s leadership in the global energy transition while addressing challenges and opportunities in the power sector. India will host the Bharat Electricity Summit (BES) 2026, a global conference‑cum‑exhibition for the power and electricity sectors, from March 19-22 at Yashobhoomi, New Delhi. Announcing the summit on Thursday, Union Minister of Power...
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Khattar Calls for Unified Reforms to Safeguard Fiscal Health of Power Distribution Sector
Union Minister for Power Manohar Lal Khattar chaired the fifth meeting of the high-level ministerial group in New Delhi, convened to deliberate on structural reforms aimed at restoring the viability of India’s power distribution utilities. Union Minister for Power, Manohar Lal Khattar, has called for a coordinated reform strategy involving the centre, state governments and...
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India Surpasses Clean Energy Goal with 50% of Grid Now Powered by Non-Fossil Sources
Despite having one of the lowest per capita emissions globally, India remains among the few G20 countries that are on track to meet, or even exceed, commitments made at the Paris Climate Agreement. India, the world’s fastest-growing renewable energy market, achieved 50 per cent of its installed electricity capacity from non-fossil fuel sources a full...
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India to Extend Digitalisation of Public Services to the Power Sector with India Energy Stack
While major global economies are advancing digitalised energy frameworks, the India Energy Stack may be the most ambitious attempt by any country to integrate public infrastructure at scale through a unified ‘stack’ architecture. Following the success of Aadhaar as a national identity card and UPI for digital payments, the government announced an India Energy Stack...
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Coal India targets 156 MT coal supply to power sector in April-June
Would be scaling up its production into a higher orbit.