Bharti to buy 5.2% in solar firm Avaada

Bharti Airtel on Friday said it will acquire 5.2% stake in solar power firm Avaada MHBuldhana for ₹ 4.55 crore in an all-cash deal.

Avaada MHBuldhana Pvt. Ltd., a subsidiary of Avaada Energy Private Limited (AEPL)., Is developing a captive generating solar power plant in Maharashtra which will become operational by March 2021.

AEPL has developed a portfolio of over 1 gigawatt solar and wind projects across the country and the first independent power producer to cross 1 GW installed capacity milestone in India, according to a filing by Bharti Airtel.

The deal is expected to close by March 31, 2021.


Disclaimer: This post has not been edited by our staff and is published from a syndicated feed. The Original Source of this post can be found at Source link


Please enter your comment!
Please enter your name here


BJP candidate shot at in Malda, hospitalised

Bharatiya Janata Party (BJP) candidate from Malda, Gopal Chandra Saha, suffered bullet injuries late on Sunday evening. Mr. Saha...

Atalanta jumps past Juventus into third

Juventus slipped to a last-gasp 1-0 defeat at Atalanta on Sunday as Gian Piero Gasperini’s side leapfrogged the champion into third place in the...

CBI to study SC order in ISRO case to decide further...

The Central Bureau of Investigation will study the Supreme Court order, directing it to look into the Justice D.K. Jain Committee report on senior...

Emily Ratajkowski normalises breastfeeding, shares a heartwarming picture

In March this year, supermodel Emily Ratajkowski and husband Sebastian Bear-McClard had welcomed their first child and announced the news with a post on...

More Articles