Monday, 2 November 2026

GAIL (India) more than doubled its September-quarter net profit to INR 4,650 crore from INR 2,217 crore a year earlier, according to the Economic Times.

The gain came as global energy supply disruptions triggered by the West Asia crisis sharply boosted gas marketing margins, the Economic Times reported. Revenue from operations at the state-run gas transporter rose 31% year on year.

GAIL's board approved listing its wholly owned city gas distribution subsidiary GAIL Gas by diluting up to 25% of its stake, according to the Economic Times.

The Competition Commission of India (CCI) approved Adani Energy Solutions Limited's proposed Rs 3,050-crore acquisition of IntelliSmart Infrastructure Private Limited, according to EQ Magazine.

The deal gives Adani Energy Solutions 100% of IntelliSmart's equity share capital, bought from the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL), per EQ Magazine.

The competition regulator dated its approval October 30, 2026, with the decision made public through a government announcement on October 31, according to Business News Today.

Business News Today reported that the clearance advances the transaction toward completion but does not establish that ownership has already transferred.

NTPC's standalone net profit rose 14% year on year to Rs 5,320 crore in the second quarter of FY27, up from Rs 4,653 crore in the same period a year earlier, according to the Economic Times.

Consolidated profit grew faster. It climbed 40.7% in the quarter ended September 30, according to EconoTimes. Consolidated revenue from operations rose 21.2% to Rs 54,269.95 crore from Rs 44,784.05 crore.

The group's renewable arm expanded from a smaller base. NTPC Green Energy Limited posted a net profit of Rs 137.50 crore, 59% higher than the Rs 86.38 crore reported in the year-ago period, according to Livemint. EconoTimes said the subsidiary's faster growth underscored the renewable unit's expansion within the group.

India's antitrust regulator signed off on five proposed transactions, two of them in the power and renewable energy sectors, according to ANI.

The Competition Commission of India cleared Aditya Birla Renewables Limited's bid to buy all of Solenergi Power Private Limited, acquiring 100% of the company from Shell Overseas Investment BV, ANI reported.

The regulator also waved through Adani Energy Solutions Limited's purchase of IntelliSmart Infrastructure Private Limited, valued at Rs 3,050 crore, from the National Investment and Infrastructure Fund and Energy Efficiency Services Limited.

The other cleared transactions spanned food services, financial services and telecommunications, and included deals tied to Prosus and Vodafone Group.