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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.

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

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

Gross Non-Performing Assets (GNPAs) rose to ₹4,669.6 crore from ₹4,375.5 crore in the March 2025 quarter.

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

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.

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.

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 dipped 2.09% YoY to ₹1,987.79 crore for the quarter ended June 30, 2025.

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.