Waaree Renewable Technologies Limited (WRTL) has signed definitive agreements to acquire a 55% stake in Associated Power Structures Private Limited (APSPL), formerly known as Associated Power Structures Limited, in a transaction valued at Rs 1,225 crore. Upon completion of the deal, APSPL will become a subsidiary of WRTL. The acquisition will be executed through a…
Bajel Projects Limited has entered into a collaboration agreement with the National Investment and Infrastructure Fund (NIIF) and NIIF’s subsidiary AnantGrid Private Limited to jointly bid for and develop power transmission projects in India. The agreement establishes a framework for the three entities to identify, evaluate and pursue selected transmission projects of mutual interest. For…
A.P. Moller Capital has announced plans to invest up to Rs 13.5 billion in renewable energy projects being developed by Rays Power Infra Limited. The investment will be made through project-specific special-purpose vehicles. The funding is expected to catalyse at least Rs 52 billion in total project capital expenditure. According to the company, the investment…
EIB Global, the development arm of the European Investment Bank (EIB), will invest up to $60 million in the India Energy Transition Fund, a new greenfield infrastructure fund managed by EAAA Alternatives. The fund aims to accelerate private capital investments in sustainable infrastructure and support India’s decarbonisation goals. The fund has a target size of…