Adani Green to purchase 5GW renewable assets of SB Energy India

20 May 2021 CW Team

Adani Green Energy (AGEL) has signed share purchase agreements for the purchase of a 100% interest in SB Energy India from Bharti Group (20%) and from SBG (80%).

The deal is the biggest acquisition in the renewable energy sector in India, and it values SB Energy India at an industry valuation of around $3.5 billion.

SB Energy has a renewable portfolio of a complete 4,954 MW over four states in India. The portfolio consists of large scale utility assets, including 9% wind-solar hybrid capacity (450 MW), 84% solar capacity (4,180 MW), and 7% wind capacity (324 MW).

All the projects have 25-year power purchase agreements (PPAs) with sovereign ranked counterparties like NTPC, NHPC, and Solar Energy Corporation of India (SECI). The portfolio contains 1,400 MW operational solar energy capacity, and 3,554 MW is below construction.

By this deal, AGEL will accomplish a total renewable capacity of 24.3 GW and an operating capacity of 4.9 GW.

The acquisition shows AGEL's plan to be the lead in sustainable energy development universally. So, it makes it one of the biggest renewable energy platform globally.

Operating assets forming part of the portfolio are essentially solar park based projects and have been established following the highest class governance, construction, plan development, maintenance, resulting being the highest renewable portfolios in the nation.

The closing of the deal is subject to customary permissions and limitations.

Privately owned SB Energy was established in 2011, and it is involved in the production, supply and sale of electricity and power generated from renewable sources.

Image Source

Also read: Adani Green Energy signs agreement to acquire solar assets of 205 MW

Also read: Total SE buys 20% stake in Adani Green

Real Estate

03 Apr 2026

Loomcraft Enters South India with Kerala Store Launch

Loomcraft has launched its exclusive store in Kerala, marking its entry into South India and a key step in its nationwide expansion strategy. The move targets a region driven by tourism and premium real estate demand, where outdoor spaces play a central role in hospitality and residential experiences.Kerala’s growing base of luxury resorts, boutique hotels, villas and gated communities has created strong demand for specialised outdoor furniture. However, the region has remained underserved, with buyers relying on imports or generic products not suited to humid, coastal and monsoon-heavy cond..

Mild Steel Prices Seen Rising to Rs 61,000 Per Tonne

Mild steel prices in India, currently around Rs 58,000 per tonne, are expected to rise to nearly Rs 61,000 per tonne in April, indicating an increase of about Rs 3,000 per tonne. The anticipated rise reflects structural pressures driven by geopolitical tensions, energy constraints and limited raw material availability.Ongoing global conflict has disrupted energy markets, leading to LNG shortages that are affecting domestic steel production. Small and mid-sized manufacturers, particularly those dependent on gas-based processes, are witnessing production cuts due to constrained energy supply, re..

Vedanta Expands Transgender Workforce to 75 Employees

Vedanta has strengthened its commitment to workplace inclusion by employing 75 transgender individuals across its businesses, including Vedanta Aluminium, Hindustan Zinc, Sesa Goa, FACOR and Cairn Oil & Gas. The initiative reflects sustained hiring efforts since 2022 to build equitable opportunities across operations, corporate and technical roles.Transgender employees are engaged in functions such as operations, finance, logistics, HR, CSR, healthcare and security, with provisions for internal mobility to support career progression. The company has implemented structured policies, includi..