Hinduja Renewables competes to acquire portion of Fourth Partner Energy

02 Feb 2023 CW Team

Hinduja Renewables, the Hinduja Group's green energy division, has entered the bidding for Fourth Partner Energy's majority stake.

In addition to Hindujas, Brookfield Asset Management Inc., Ontario Municipal Employees' Retirement System (OMERS), and US fund I Squared Capital are also shortlisted for the next round.

The deal entails purchasing the 52% share held by Hyderabad-based Fourth Partner Energy from private equity company TPG Capital for Rs 53 billion, with additional primary capital infusion.

TPG Capital owns 52% of Fourth Partner through its impact investment division, The Rise Fund SF Pte. The Rise Fund bought a controlling interest in Fourth Partner Energy in 2018 after making a $70 million investment. Together with the other partner Norfund, TPG spent a total of Rs 12.47 billion. Fourth Partner Energy is India's top distributed solar energy company, specialising in developing and financing solar projects across the private and public sectors for commercial, industrial, and institutional entities. The company was founded by three partners in 2010 as a solar products and EPC company. For around 200 corporate and governmental clients, it has carried out and distributed solar projects with a combined capacity of 950 MW across 24 states in India.

Also read:
Andhra to spend Rs 110,000 million to reform power distribution
Adani Group to invest in Azerbaijan’s mining & petrochem projects

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..