Serentica To Build 170 MW Hybrid Project For MRF

15 Oct 2025 CW Team

A special purpose vehicle (SPV) has been formed for the project, in which MRF holds a minority captive stake, while the remaining equity is held by Serentica. The two firms have signed a long-term Power Purchase Agreement (PPA) under the captive power framework.

The new hybrid renewable energy facility, currently under development, will combine solar and wind generation to provide round-the-clock clean power to MRF’s manufacturing plants across India through the Inter-State Transmission System (ISTS) network.

The arrangement will help MRF meet its significant electricity needs while advancing its sustainability and net-zero targets.

“By combining renewable energy with advanced storage and hybrid solutions, we are providing clean and reliable power to help industries like MRF transition towards a sustainable future,” said Akshay Hiranandani, CEO of Serentica Renewables.

Founded in 2022, Serentica is a leading renewable independent power producer (IPP) focused on decarbonising hard-to-abate sectors through firm dispatchable renewable energy (FDRE) solutions. The company has reached 1,000 MW of installed renewable capacity across multiple states, leveraging a mix of solar, wind, energy storage, and balancing technologies.

Backed by a USD 650 million (Rs 54.7 billion) investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, helping avoid approximately 47 million tonnes of CO? emissions each year.

The MRF partnership marks another key milestone in Serentica’s mission to deliver sustainable, firm renewable power to India’s leading industrial consumers.

Serentica Renewables has announced plans to develop a 170 MW solar-wind hybrid project to supply captive renewable power to tyre manufacturer MRF Ltd, strengthening the company’s commitment to industrial decarbonisation and clean energy integration. A special purpose vehicle (SPV) has been formed for the project, in which MRF holds a minority captive stake, while the remaining equity is held by Serentica. The two firms have signed a long-term Power Purchase Agreement (PPA) under the captive power framework. The new hybrid renewable energy facility, currently under development, will combine solar and wind generation to provide round-the-clock clean power to MRF’s manufacturing plants across India through the Inter-State Transmission System (ISTS) network. The arrangement will help MRF meet its significant electricity needs while advancing its sustainability and net-zero targets. “By combining renewable energy with advanced storage and hybrid solutions, we are providing clean and reliable power to help industries like MRF transition towards a sustainable future,” said Akshay Hiranandani, CEO of Serentica Renewables. Founded in 2022, Serentica is a leading renewable independent power producer (IPP) focused on decarbonising hard-to-abate sectors through firm dispatchable renewable energy (FDRE) solutions. The company has reached 1,000 MW of installed renewable capacity across multiple states, leveraging a mix of solar, wind, energy storage, and balancing technologies. Backed by a USD 650 million (Rs 54.7 billion) investment from KKR, Serentica aims to supply over 50 billion units of clean energy annually, helping avoid approximately 47 million tonnes of CO? emissions each year. The MRF partnership marks another key milestone in Serentica’s mission to deliver sustainable, firm renewable power to India’s leading industrial consumers.

Infrastructure Transport

15 Oct 2025

BMC Gets CRZ Nod For Rs 40 Million Gorai Bridge Rebuild

The Brihanmumbai Municipal Corporation (BMC) has secured Coastal Regulation Zone (CRZ) clearance for the reconstruction of the Poisar River bridge in Gorai, located in Mumbai’s western suburbs. However, the proposed demolition of the existing 100-metre bridge has sparked opposition from local residents, who claim it serves as the only direct access route between the Lower and Upper Koliwada areas. The three-decade-old bridge, situated within the CRZ buffer zone, was recently declared structurally unsafe following a civic audit. The BMC has sanctioned its reconstruction at an estimated cost ..

Infrastructure Transport

15 Oct 2025

NHAI Completes Rs 15.9 Billion Four-Lane Stretch On ECR

The National Highways Authority of India (NHAI) has completed the four-laning of the 38 km Puducherry–Poondiyankuppam stretch, ending near Cuddalore, in a development that will cut travel time by up to two hours, according to a report by The New Indian Express. The upgraded section, built at a cost of Rs 15.9 billion under the Bharatmala Pariyojana Phase I, marks a major milestone in the ongoing East Coast Road (ECR) widening programme. The project promises a smoother, faster drive for motorists travelling towards Cuddalore, Chidambaram, Sirkazhi, and Nagapattinam. With this completion, 22..

Infrastructure Transport

15 Oct 2025

Encroachments Delay Rs 1 Billion Ghatkopar Bridge Project

The construction of a new cable-stayed rail overbridge at Ghatkopar and the widening of the Andheri–Ghatkopar Link Road (AGLR) have been delayed due to the presence of nearly 250 encroached structures on both sides of the road. In response, Municipal Commissioner Bhushan Gagrani has directed officials to carry out a structural audit of the existing bridge over the railway line and enforce temporary restrictions on heavy vehicles to ensure public safety. The bridge, which starts at the Golibar Road junction near LBS Marg and extends up to the Eastern Express Highway (EEH), serves as a critic..