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The partnership is expected to improve propulsion efficiency and performance for both defence warships and commercial vessels.

Total expenses for the quarter stood at ₹312.8 crore, a drop from ₹343.6 crore a year earlier.

As part of the project, the engineering major will build a new zinc purification and cellhouse facility at Hindustan Zinc’s Debari complex near Udaipur.

Net profit fell to ₹42 crore. This is a steep 52% drop from ₹88 crore reported in the same quarter last year.

The company's topline declined 41.2% YoY to ₹434.56 crore in Q1 FY26. This is largely due to the accounting nature of real estate revenues.

The company's net profit fell sharply by 43.6%, settling at ₹133 crore. This is compared to ₹236 crore in the same quarter of the previous financial year.

Pre-tax loss for the quarter stood at ₹16.98 crore. This is compared to a loss of ₹5.49 crore in Q1 FY25.

The scope excludes pre-engineered building (PEB) and architectural finishing works between Millennium City Centre and Cyber City, spanning 26.65 km.

Revenue from operations surged 33.2% to ₹743.8 crore. This is up from ₹558 crore in Q1 FY25, driven by strong demand for its telecom and ICT services.

Union Minister for New and Renewable Energy, Pralhad Joshi, announced the milestone on Thursday. Thereby, calling it a major leap forward in India’s clean energy journey.