ReNew Power (ReNew), a renewable energy company, announced it has appointed Kedar Upadhye as Group CFO, Vikash Jain as Global General Counsel and Vikram Kapur as Chief Growth Officer. The leadership hires come as ReNew’s gross total portfolio jumped nearly 20% to ~12.1 GW at the end of April from 10.2 GW at the beginning of…
Indian Oil Corporation Ltd., (IndianOil), the country’s top refiner and fuel retailer, Larsen & Toubro (L&T), the engineering & construction conglomerate, and ReNew Power (ReNew), a renewable energy company in India, announced signing of binding term sheet for the formation of a Joint Venture (JV) company to develop the nascent green hydrogen sector in India. The tripartite venture…
Larsen & Toubro (L&T) and ReNew Power (ReNew) announced a partnership agreement to tap the emerging green hydrogen business in India. Under this agreement, L&T and ReNew will jointly develop, own, execute and operate green hydrogen projects in India, the statement said. Commenting on this partnership, S N Subrahmanyan, CEO & MD of Larsen &…
Larsen & Toubro announced the divestment of 100% stake in the 3 x 33 MW (99 MW) run of the river hydroelectric power plant owned by its subsidiary L&T Uttaranchal Hydropower Limited (LTUHPL) to ReNew Power Services Private Limited, a wholly owned subsidiary of ReNew Power Private Limited. The transaction is subject to completion of…
Assocham, India’s primary business association representing businesses, state chambers, and business associations, has appointed Vineet Agarwal, Managing Director of logistics major Transport Corporation of India Limited, as new President. Agarwal replaces Dr. Niranjan Hiranandani, Co-Founder and MD, Hiranandani Group of Companies. Sumant Sinha, Chairman and Managing Director of ReNew Power, is the new Senior Vice-President…
ReNew Power, a Gurugram-based wind energy firm, announced that it has signed a definitive agreement to acquire Climate Connect, a digital-analytics, software development, AI and ML startup, specialising in the power markets domain in India. In its statement to media, the company said that ReNew’s acquisition of Climate Connect is expected to not only add…
ReNew Power, an Indian renewable energy company, has raised $450 mn funding through a dollar bond issuance. The company was founded by Sumant Sinha in 2011. Earlier, it had raised $350 mn from Goldman Sachs, Canada Pension Plan Investment Board (CPPIB) and Abu Dhabi Investment Authority (ADIA). The company will utilize these funds to refinance…