💰 ReNew Explores Rs 1,000 Crore Sale of Hydropower
Published by OOPSONLINE.IN · Source: The Economic Times · 1 min read · · Updated
What actually happened
ReNew plans to sell its hydropower unit for approximately ₹1,000 crore. This move aligns with the company's asset recycling strategy for new projects. The unit, acquired from Larsen & Toubro, houses projects in Uttarakhand. Several firms engaged in hydropower generation are likely to be approached. ReNew is recovering from a failed bid to go private last year.
Key points
- ReNew plans to sell its hydropower unit for approximately ₹1,000 crore.
- This move aligns with the company's asset recycling strategy for new projects.
- The unit, acquired from Larsen & Toubro, houses projects in Uttarakhand.
- Several firms engaged in hydropower generation are likely to be approached.
Summary based on data provided by The Economic Times. Full article available at the original publisher.
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- #renew
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