19 Nov 2025

Ramky Infrastructure Limited reported steady growth in its Q2 and H1 FY25-26 results, driven by operational efficiency, strong project execution, and new order inflows. Consolidated revenue reached INR 4,716 million with EBITDA at INR 1,399 million and PAT at INR 756 million. Standalone results showed similar growth trends. The company secured a major INR 2,085 crore HMWSSB water project, expanding its order book beyond INR 9,000 crore. With a nil debt balance and healthy cash flow, Ramky is well-positioned for sustainable growth in industrial infrastructure, water management, and urban solutions.Read more

18 Nov 2025

ACME Aklera Power Technology, a subsidiary of ACME Solar Holdings, has secured INR 47.40 crore as compensation for regulatory changes affecting a 250-MW solar project in Rajasthan. The ruling by RERC allows additional revenue of 3.5% over 15 years, covering customs duty, GST increases, and carrying costs. The compensation will be paid via an annuity mechanism at a 9% discount rate, ensuring project economics remain stable. This decision reinforces regulatory certainty, supports investor confidence, and highlights ACME Solar's extensive renewable energy operations, including 2,918 MW operational capacity and 4,472 MW under construction.Read more

18 Nov 2025

Ganesh Infraworld reported a substantial rise in its consolidated net profit earlier this week, with earnings increasing to INR 18.1 crore for the September quarter, supported by a sharp surge in revenues. The company had recorded INR 7.1 crore in profit during the same period in the past financial year. Revenues more than doubled to INR 210 crore, reflecting strong operational momentum. The firm stated that the quarter had been particularly strong, aided by a healthy order book. It is also preparing to commence two water and sewerage treatment projects in Jammu & Kashmir in the coming months.Read more

18 Nov 2025

Adani Group has announced plans to invest more than INR 1 lakh crore in Andhra Pradesh over the next decade, expanding across ports, cement, energy, data centres and advanced manufacturing. This is in addition to the INR 40,000 crore already invested in the state. At the Andhra Pradesh Investor Summit, Karan Adani detailed the Group's USD 15 billion Vizag Tech Park vision with Google, which will create a green-powered hyperscale data-centre ecosystem and the tech giant's largest AI hub outside the United States. He praised the state's leadership and highlighted Andhra Pradesh's role as a gateway for India's future growth. The Group's existing operations have already generated over one lakh jobs.Read more

18 Nov 2025

Mindspace Business Parks REIT has accepted bids for its INR 7 billion bond issuance, which carries a five-year maturity and a quarterly coupon of 7.1485%. According to bankers involved in the process, the issue drew commitments worth around USD 79.64 million. Investor bids were invited a day earlier and evaluated before being finalised. Rated AAA by Crisil, the offering includes both a base size and a greenshoe option, reflecting strong demand for high-quality corporate debt. While the REIT did not comment on the development, the successful allotment highlights steady investor interest and supports the organisation's ongoing debt-raising and financial strategy.Read more

18 Nov 2025

GVK Power and Infrastructure, which is currently undergoing insolvency proceedings, reported a consolidated loss for the September quarter, reflecting a significant reduction in income compared with the same period last year. The company, which had recorded a substantial net profit during the corresponding quarter previously, indicated that accumulated losses and delayed or defaulted loan repayments have further strained its financial position. Several of its loan accounts have already been categorised as non-performing by lenders, and multiple insolvency-related actions and legal proceedings are underway across the group's entities.Read more

17 Nov 2025

ReNew Energy Global Plc has committed INR 60,000 crore to Andhra Pradesh to develop green energy projects, bringing its total investment in the state to INR 82,000 crore. The company will establish a 6 GW ingot wafer plant, 2 GW pumped hydro project, 300 KTPA green ammonia facility, and 5 GW of hybrid wind-solar and solar-BESS projects. The investment is projected to create 10,000 jobs and support the state's renewable energy goals, including 78.5 GW solar, 35 GW wind, and 25 GWh battery storage capacity, while focusing on high-tech green energy solutions.Read more

17 Nov 2025

Nexus Select Trust, backed by Blackstone, plans to double its mall portfolio in India over the next five years as it banks on rising consumption in smaller cities. The company currently operates 19 malls, mostly in South and Western India, and aims to expand into eastern markets where it has only one property. Executives said consumers-including those in non-metro towns-continue to prefer mall visits for branded retail, supporting its confidence in physical shopping spaces. Nexus expects to grow to 30-35 malls, with upcoming projects split between major metros and smaller cities. The trust will fund expansion largely through debt and may consider equity, benefiting from regulatory changes that boost REIT investment access.Read more

17 Nov 2025

Punjab Finance Minister Harpal Singh Cheema has released INR 332 crore for rural development works, with another INR 334 crore expected by late December or early January. The funds will support projects in gram panchayats, especially sanitation initiatives, as part of the state government's ongoing focus on rural upliftment. Grants will be shared in a 70:20:10 ratio among Gram Panchayats, Panchayat Samitis and Zila Parishads, with Ludhiana, Hoshiarpur and Gurdaspur receiving the highest allocations. Cheema said the government aims to strengthen rural communities through transparent funding. He also highlighted major infrastructure efforts, including recarpeting 19,000 km of roads and investing INR 1,000 crore in sports facilities for youth.Read more

17 Nov 2025

Hero Future Energies has signed an MoU with the Andhra Pradesh government to develop 4 GW of renewable energy projects across three districts, with an investment of INR 30,000 crore. The two-phase initiative aims to generate over 15,000 jobs and promote sustainable industrial growth. HFE will allocate an additional INR 15,000 crore to expand renewable projects in the state. The company, with a global portfolio of 7.2 GWp in renewable energy and 2.3 GWh of BESS capacity, has operations in India, Ukraine, Vietnam, and the UK.Read more