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 Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..