February 2026

PFC, REC boards give in-principal approval to proposed merger

The boards of directors of Power Finance Corporation Ltd (PFC) and REC Ltd have independently accorded in-principle approval to the proposed merger of the two entities. The merged entity will continue to remain classified as a “Government Company,” under Read more

Voltamp targets to commission greenfield transformer plant by June 2026

Voltamp Transformers Ltd has targeted to commission its under-construction greenfield plant in Gujarat by June 2026. In a release, Vadodara-based Voltamp Transfromers said that construction of the greenfield EHV power transformer facility was progressing on schedule, with completion targeted Read more

The scale of HVDC expansion planned in India presents a very strong opportunity: GE Vernova T&D India

It has been a very exciting phase for GE Vernova Grid Solutions with respect to recent HVDC-centric developments in India. A big mandate for the KPS III HVDC project from Adani Energy as well as India’s first back-to-back Read more

Bajel Projects lands EHV substation order from PGCIL

Bajel Projects Ltd has received an EHV substation order from Power Grid Corporation of India Lt (PGCIL), to be executed in Madhya Pradesh. In a regulatory filing, Bajel Projects said that the order has been placed Read more

EnerGrid acquires “Morena I SEZ Transmission”, its first TBCB power transmission project

EnerGrid, a new platform co-promoted by IndiGrid, has formally acquired its first power transmission project – an interstate transmission system (ISTS) scheme won under the tariff-based competitive bidding (TBCB) mechanism. On February 3, 2026, EnerGrid, through its wholly-owned subsidiary Read more

Hitachi Energy India records highest-ever order backlog

Hitachi Energy India Ltd has recorded its highest-ever order backlog, standing close to Rs.30,000 crore, as of December 31, 2025. In a release, Hitachi Energy India said that its order backlog as of December 31, 2025, at Rs.29,872.2 crore, Read more

HPL Electric & Power sees pickup in smart metering business

HPL Electric & Power Ltd witnessed recovery in its smart metering business during the third quarter (Q3: October to December) of FY26, both on sequential and year-on-year basis. In a release, HPL Electric said that the company’s Metering & Read more

Bajel Projects completes ten transmission projects in 9MFY26

Bajel Projects Ltd, in a release, said that it has completed ten power transmission projects during the nine-month period (9M: April to December) of FY26. By completing 10 projects within the last nine months, Bajel is actively contributing to Read more

Quality Power Equipments Ltd: Capex plans running on schedule

The capital expenditure plans of Quality Power Equipments Ltd (QPE) are running as per schedule, a company release said. QPE said that manufacturing expansion and integration initiatives announced earlier are progressing in line with planned schedules. These initiatives are Read more

Kalpataru Power Transmission | T&D India

Kalpataru Projects International records Rs.17,674 crore order inflow in 9MFY26

Kalpataru Projects International Ltd (KPIL) has reported order inflows of Rs.17,674 crore during the first nine months (9M: April to December) of FY26 with major contribution from the power T&D and buildings & factory (B&F) divisions. In an investor Read more