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					</table><p>India’s rated power distribution companies (DISCOMs) <a href="https://mercomindia.com/power-sector-reforms-help-discoms-post-profits-in-fy-2025-for-first-time#:~:text=India's%20rated%20power%20distribution%20utilities,Integrated%20Rating%20and%20Ranking%20Report." target="_blank" rel="noopener">reported</a> a consolidated profit after tax (PAT) of ₹27.01 billion (~$294.7 million) in the financial year (FY) 2025, marking a sharp turnaround from a loss of ₹270.22 billion (~$2.95 billion) recorded in FY 2024, according to the Ministry of Power’s 14<sup>th</sup> Annual Integrated Rating and Ranking Report.</p>
<p>The Rajasthan Electricity Regulatory Commission (RERC) <a href="https://mercomindia.com/rajasthan-regulator-allows-dual-power-connections-for-high-load-consumers#:~:text=The%20Rajasthan%20Electricity%20Regulatory%20Commission,and%20other%20essential%20service%20categories." target="_blank" rel="noopener">approved</a> the introduction of dual-source electricity supply for high-tension and extra-high-tension consumers, including the Public Health Engineering Department, data centers, and other essential service categories.</p>
<p>The Odisha Electricity Regulatory Commission <a href="https://mercomindia.com/oerc-issues-draft-rules-on-grid-support-charges-for-captive-generators" target="_blank" rel="noopener">proposed</a> a structured framework for levying grid support charges on captive generating projects operating in parallel with the state grid. The Commission has invited stakeholders to submit their views and suggestions by February 23, 2026, after which the draft ‘Grid Support Charges for Captive Generating Projects Regulations, 2026,’ may be modified and finalized for publication in the Official Gazette.</p>
<p>A toll plaza in Karnataka <a href="https://www.mercomindia.com/hejamadi-toll-plaza-in-karnataka-showcases-hybrid-renewables-for-highways" target="_blank" rel="noopener">installed</a> a wind-solar hybrid renewable energy system, demonstrating the potential of decentralized hybrid models for highway and transport infrastructure where uninterrupted power is critical for lighting, surveillance, and electronic toll operations. The system was commissioned at the Hejamadi toll plaza on National Highway 66 in the Udupi district by Hyderabad-based Windstream Energy Technologies.</p>
<p>Clean energy sources, including solar, can <a href="https://www.mercomindia.com/what-smes-should-know-before-applying-for-solar-financing-in-india" target="_blank" rel="noopener">deliver</a> long-term cost savings and improve resilience against power supply volatility. As India accelerates its renewable energy transition, financing for clean energy adoption is becoming more accessible for small and medium-sized businesses, driven by faster digital lending products from banks and other financiers, as well as government incentives for renewable installations.</p>
<p>Waaree Renewable Technologies, the engineering, procurement, and construction arm of the Waaree Group <a href="https://www.mercomindia.com/waaree-acquires-55-in-power-transmission-firm-apsl" target="_blank" rel="noopener">announced</a> the acquisition of approximately 55% of equity stake in power transmission and distribution company Associated Power Structures’ for a total consideration of around ₹12.25 billion (~$133.6 million).</p>
<p>Bharat Heavy Electricals (BHEL) <a href="https://www.mercomindia.com/bhel-tenders-1-3-mw-of-solar-projects-in-uttar-pradesh" target="_blank" rel="noopener">issued</a> a tender to set up 1,300 kW of solar projects in Jhansi and Varanasi, Uttar Pradesh. The total capacity comprises 800 kW at the BHEL Transformer Plant in Jhansi and 500 kW at the BHEL Heavy Equipment Repair Plant in Varanasi. Bids must be submitted by February 6, 2025.</p>
<p>Military Engineer Services <a href="https://www.mercomindia.com/military-engineer-services-floats-om-tender-for-1-mw-solar-project" target="_blank" rel="noopener">invited</a> bids for the comprehensive maintenance of a 1 MW solar power project at Air Force Station in Gwalior. The last date to submit the bids is February 13, 2026. Bids will be opened on February 20.</p>
<p>Engineering Projects India <a href="https://mercomindia.com/epi-issues-empanelment-tender-for-solar-epc-projects-across-india" target="_blank" rel="noopener">invited</a> expressions of interest to empanel experienced agencies as joint venture, consortium, associate, or back-end partners for upcoming solar engineering, procurement, and construction projects across India.</p>
<p>Telecommunications Consultants India <a href="https://mercomindia.com/tcil-invites-bids-for-2-mw-rooftop-solar-bess-project-in-mauritius#:~:text=The%20last%20date%20to%20submit%20bids%20is%20February%205%2C%202026,from%20the%20bid%20submission%20deadline." target="_blank" rel="noopener">invited</a> bids for the installation of grid-connected hybrid rooftop solar systems with a cumulative capacity of 2 MW, including a battery energy storage system (BESS) of 1 MWh (if applicable), on the island of Rodrigues in Mauritius</p>
<p>V.O. Chidambaranar Port Authority <a href="https://mercomindia.com/chidambaranar-port-authority-invites-bids-for-8-mw-wind-project-with-bess" target="_blank" rel="noopener">invited</a> bids for the design, engineering, supply, installation, and commissioning of an 8 MW wind project with a 5 MWh BESS. The last date to submit the bids is February 16, 2026. Bids will be opened the following day. The successful bidder will also be responsible for the operation and maintenance of the project for eight years.</p>
<p>Power Grid Corporation of India <a href="https://mercomindia.com/powergrid-invites-bids-to-set-up-500-mwh-bess-in-tamil-nadu" target="_blank" rel="noopener">issued</a> tenders to set up 25 MW/100 MWh and 100 MW/400 MWh BESS projects across Tamil Nadu. These projects will receive viability gap funding support. These tenders are associated with the invitation to select partners for setting up 375 MW/1,500 MWh standalone BESS projects across seven locations in the state.</p>
<p>Solar energy solutions provider Fujiyama Power Systems (UTL Solar) <a href="https://mercomindia.com/fujiyama-commissions-1-gw-solar-cell-facility-in-uttar-pradesh" target="_blank" rel="noopener">announced</a> the commissioning of a 1 GW solar cell manufacturing facility in Dadri, Uttar Pradesh. The facility, which will manufacture Mono PERC Domestic Content Requirement solar cells, has been developed with a total investment of ₹3 billion (~$32.7 million).</p>
<p>Adani Green Energy <a href="https://www.mercomindia.com/adani-greens-q3-revenue-rose-21-yoy-on-high-capacity-additions" target="_blank" rel="noopener">reported</a> a revenue of ₹24.2 billion (~$263.63 million) in the third quarter (Q3) of FY 2026, a 21% year-over-year (YoY) increase from ₹19.93 billion (~$217.11 million). Earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹22.69 billion (~$247.18 million), up 23% from ₹18.48 billion (~$201.31 million) in the same quarter of the previous year.</p>
<p>Solar module and cell manufacturer Premier Energies <a href="https://mercomindia.com/premier-energies-revenue-surges-13-profit-up-53-4-in-q3-fy-2026" target="_blank" rel="noopener">reported</a> a revenue of ₹19.36 billion (~$211.4 million) in Q3 of FY 2026, a 13% YoY increase from ₹17.13 billion (~$187.1 million). Profit after tax rose 53.4% to ₹3.92 billion (~$42.8 million) from ₹2.55 billion (~$27.9 million) in the previous year. EBITDA for the quarter rose 13.3% to ₹6.23 billion (~$68.1 million) from ₹5.5 billion (~$60.1 million) in the same quarter last year.</p>


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