Finance And Ma

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IndiGrid’s Transmission Portfolio Grows, Q4 FY 2024 Revenue Up 31% YoY

India Grid Trust (IndiGrid), a power infrastructure investment trust, has recorded a revenue of ₹7.86 billion (~$94.59 million) during the fourth quarter (Q4) of the...

May 27, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Torrent Power’s Revenue Up 8% YoY to ₹65 Billion in Q4 FY 2024

Gujarat-based Torrent Power recorded a revenue of ₹65.29 billion (~$784.36 million) for the fourth quarter (Q4) of the financial year (FY) 2023-24, a year-over-year...

May 23, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Mahindra & Mahindra Commits ₹120 Billion to EV Expansion by FY 2027

Automobile manufacturer Mahindra & Mahindra plans to invest ₹120 billion (~$1.43 billion) in its electric vehicle (EV) unit, Mahindra Electric Automobile (MEAL),...

May 17, 2024

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Arjun Joshi

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Electric Vehicles

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Finance and M&A
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Enfinity Secures $135 Million for 1.2 GW of Solar and Wind Projects in India

Enfinity Global, a renewable energy project developer, has announced financing worth $135 million from the Canada Pension Plan Investment Board to fund the development...

May 16, 2024

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Arshreet Singh

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Finance and M&A

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Renewable Energy
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IEX Records 9% Jump in Q4 Profits, Trades 1 BU of Green Energy

The Indian Energy Exchange (IEX) has reported a total income of ₹1.49 billion (~$17.85 million), an increase of 15% year-on-year (YoY) in the fourth quarter (Q4) of the...

May 16, 2024

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Arjun Joshi

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Finance and M&A

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Other
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PFC Posts ₹75 Billion Net Profit in Q4 FY 2024, Loan Assets Rise 16% YoY

Government-owned Power Finance Corporation (PFC) recorded a total income of ₹241.76 billion (~$2.89 billion) for the fourth quarter (Q4) of the financial year (FY) of...

May 15, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Trina Solar’s 2023 Profit Up 50% as Module Shipments Soar

Solar module manufacturer Trina Solar recorded an annual operating revenue of RMB113.39 billion (~$15.67 billion) in 2023, a 33% year-over-year increase from 2022. The...

May 15, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Funding and M&A Roundup: Matrix Renewables Secures $322 Million Debt Funding

From: Mercom Capital Group Matrix Renewables, a global renewable energy company, and Santander Corporate & Investment Banking closed a €300 million (~$322 million)...

May 15, 2024

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Staff

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Finance and M&A

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Other
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Bloom Eyes Opportunities in Data Centers as Net Loss Narrows

Fuel cell manufacturer Bloom Energy recorded a revenue of $235.3 million in the first quarter (Q1) of 2024, a 14.5% year-over-year (YoY) decline from $275.2 million. The...

May 14, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Plug Power’s Losses Deepen Despite Cost-Cutting Measures

U.S.-based hydrogen fuel cell company Plug Power‘s loss-widening streak continued even after it announced cost-cutting measures following the resolution of going...

May 14, 2024

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Arshreet Singh

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Finance and M&A

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Renewable Energy
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Relux Secures ₹2.5 Billion to Expand Hyper EV Charging Stations in South India

Relux Electric, an India-based electric vehicle (EV) charging infrastructure firm, has secured ₹2.5 billion (~$29.93 million) in project financing from a group of real...

May 13, 2024

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Satish Shetty

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Electric Vehicles

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Finance and M&A
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Waaree’s Q4 FY 2024 Profit Up 341% as EPC Segment Revenue Soars

Waaree Renewable Technologies, the solar engineering, procurement, and construction (EPC) arm of the Waaree Group, posted a net profit of ₹541.8 million (~$6.48 million)...

May 13, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Flux Power’s Q3 Net Loss Up 83% YoY as Operating Expenses Rise

Lithium-ion storage solutions provider Flux Power Holdings’ net loss for the third quarter (Q3) of the financial year (FY) 2023-24 widened 83% year-over-year (YoY)...

May 10, 2024

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Arjun Joshi

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Finance and M&A

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Other
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Fluence Energy Q2 Net Loss Narrows by 66% on Lower Costs

Fluence Energy, a utility-scale energy storage firm, reported a 66% narrower net loss of $12.9 million in the second quarter (Q2) of financial year (FY) 2023-24 from $37....

May 10, 2024

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Arshreet Singh

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Energy Storage

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Finance and M&A
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Shoals’ Q1 2024 Net Income Drops 72% YoY on Lower Sales

Shoals Technologies Group, a manufacturer of Electrical Balance of Systems (EBOS) for solar, energy storage, and eMobility, reported a net income of $4.8 million during...

May 9, 2024

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Arjun Joshi

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Finance and M&A

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Other

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