KKR of US, Hero Group put $450 mn into Hero Future Energies

22 Sep 2022 CW Team

Hero Future Energies (HFE), the renewable energy company led by Rahul Munjal, has bagged an investment of $450 million from US-based investment firm KKR and parent Hero Group. According to company executives, this is an equity investment.

In a statement, the two companies said they have signed definitive agreements under which KKR & Co Inc and the Hero Group would invest $450 million in HFE. The companies did not reveal individual amounts put by the two groups.

“This investment will position HFE for continued growth and support its efforts to expand its renewable energy capacity. It would also enhance capabilities across technologies such as solar, wind, battery storage, and green hydrogen, and into new markets over time,” said the statement.

Hero Future Energies (HFE), founded in 2012, is an independent power producer with a portfolio of 1.6 GW of solar and wind projects.

“HFE’s clean energy solutions play an important role in helping companies decarbonise as energy demands continue to grow. We look forward to working closely with HFE’s management team and existing investors, including the Hero Group and International Finance Corporation (IFC). This would help HFE achieve its next phase of growth and contribute to the energy transition efforts in India and globally,” said Hardik Shah, partner at KKR.

In 2019, HFE reorganised its business to expand its portfolio abroad and access cheaper funding.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..