Quotes & Mentions

ReNew enters hydro sector, buys L&T unit

Infrastructure major Lar­sen & Toubro (L&T) sold its 99-megawatt (Mw) hydro power project to ReNew Power, marking its entry in the hydro sector.

Separately, ReNew, which is set to list on the New York Sto­ck Exchange, also acquired 260 Mw/330Mwp of operating sol­ar project in Telangana. It peg­ged the combined enterprise value of the two acquisitions, including L&T’s project, at Rs 2,850 crore ($384 million).

Read More