ReNew’s Q3 FY25 Revenue Rises 10%, Wind PLF Declines

22 Feb 2025 CW Team

ReNew reported revenue of Rs 21.2 billion in Q3 FY25, marking a 10% year-over-year (YoY) increase from Rs 19.3 billion. Revenue from power sales stood at Rs 14.9 billion, slightly lower than Rs 15 billion a year ago. However, the company’s net loss widened to Rs 3.8 billion from Rs 3.2 billion in the same period last year. Adjusted EBITDA rose 10% YoY to Rs 13.8 billion.

ReNew’s wind plant load factor (PLF) for the quarter fell to 13.5%, down from 17% the previous year, reflecting a decline of nearly 240 basis points over the first nine months (9M) of FY25.

For 9M FY25, ReNew’s revenue increased 5% YoY to Rs 75.9 billion, with power sales revenue rising to Rs 64.3 billion. The company also earned Rs 3.4 billion from its module and cell manufacturing operations. Net loss for the period reduced 143% YoY to Rs 1.4 billion, while adjusted EBITDA climbed to Rs 57 billion.

ReNew’s committed portfolio expanded 26% YoY to 17.4 GW, while its commissioned capacity grew 25.5% to 10.8 GW. The company has secured 3.9 GW of renewable energy and 600 MWh of battery capacity in FY25, raising its development pipeline to 24 GW of renewable capacity and 2 GWh of battery storage.

Despite progress, the company faced land acquisition challenges for wind projects, leading to greater solar capacity additions. ReNew expects India’s annual wind energy generation to remain below 5 GW for the next two to three years.

(Mercom)

Infrastructure Transport

30 May 2026

Chembur Metro to Boost East Mumbai Links

MMRDA is advancing eastern Mumbai’s urban mobility network, with the upcoming Chembur Metro Station set to emerge as a key interchange and the Mumbai Monorail preparing for relaunch.Dr Sanjay Mukherjee, Metropolitan Commissioner, MMRDA, conducted a site visit to Chembur Metro Station along with Kanhuraj Bagate, Managing Director, MMMOCL. He also visited the nearby VN Purav Monorail Station to review system preparedness and ease of interconnectivity.Once operational, the interchange is expected to offer commuters across the eastern suburbs quicker access, smoother transfers and seamless conne..

Herrenknecht TBMs Drive Thane–Borivali Tunnel Progress

Herrenknecht India has supplied two of the four tunnel boring machines (TBMs) required for the 11-km Thane–Borivali Twin Tunnel Project being developed by the Mumbai Metropolitan Region Development Authority (MMRDA). The project is expected to reduce travel time between Thane and Borivali from 60–90 minutes to around 15 minutes while easing congestion across the Mumbai Metropolitan Region.The first two Single Shield TBMs, named Nayak and Arjuna, feature 13.34-m cutterhead diameters and are designed for hard-rock excavation. They will be deployed to tunnel through the challenging geological..

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers (KBL) has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve operational efficiency, remote monitoring and installation flexibility. The system was inaugurated by Ms Madhuritai Misal, Hon. Minister of State for Urban Development, Government of Maharashtra.The Smart Skid Mounted Fire Pump Set is a factory-tested, pre-packaged solution that combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. Designed to deliver a flow rate of 170 m³/hr at a head of 100 metres, the system aims to provide..