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Aditya Birla Nuvo to sell 49% in renewables unit to Abraaj

October 8, 2015

Kumar Mangalam Birla-controlled Aditya Birla Nuvo Ltd will sell 49% stake in its wholly owned subsidiary Aditya Birla Renewables Ltd to a unit of international private equity firm Abraaj Group to build a renewable energy platform focused on developing solar power plants in India. The...

Renewable Energy Opportunity in India

October 21, 2014

Latest News, Renewable Energy

As a part of India’s energy supply, Prime Minister Narendra Modi is focusing more on renewable energy. The focus is basically on solar projects which can be known from the 2014-15 budget declared by Finance minister Arun Jaitley. There is a plan to build 100,000...