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Sterlite Power raises Rs 7.25 billion to expand global operations

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Sterlite Power Limited has raised Rs 7.25 billion in its first primary fundraising since becoming independent. The funds were raised through its global products and solutions business. This marks the first fundraising round since the company’s demerger. The round saw participation from GEF Capital Partners and ENAM Holdings. The capital will be used for ongoing capex, enhancing production capacity, developing new products, and expanding into international markets.

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Ramboll completes K2 Management acquisition

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Global engineering firm Ramboll has finalized its acquisition of K2 Management, an engineering consultancy specializing in wind and solar energy.  With this acquisition, K2 Management is now integrated into Ramboll Group, significantly boosting Ramboll’s wind expertise, which has grown at an annual rate of 25% over the past three years. Ramboll’s Global Wind Division, led by Tim Fischer, anticipates full operational integration by the first half of 2025.  The combined wind division now includes over…

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Vertiv expands North American manufacturing with new facility in South Carolina

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Vertiv has announced the expansion of its North American manufacturing operations with a new 215,000 sqft facility in Pelzer, South Carolina. This facility is expected to create up to 300 skilled jobs and will produce integrated modular solutions, modular power systems, and other infrastructure technologies for data centres. These prefabricated solutions are fully factory-tested, reducing site labour and speeding up data centre deployment. Vertiv CEO Giordano Albertazzi emphasized the importance of this expansion in meeting…