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

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..