Beta Group Acquires 10% Stake in Anta Builders

26 Jul 2025 CW Team

Beta Group, a diversified transnational conglomerate engaged in commodity trading and food products, has announced its foray into India’s real estate and infrastructure sector through a strategic investment in Kerala-based Anta Builders.

As part of the agreement, Beta Group will acquire a 10 per cent equity stake in Anta Builders, based on a company valuation of Rs 5.50 billion. The move marks a significant step for both organisations toward enhancing their presence in India’s rapidly evolving urban development landscape.

The MoU and shareholding agreement were formalised in Thiruvananthapuram by Rajnarayan Pillai, Director of Beta Group, and Midhun Kuruvila Kurien, Managing Director of Anta Builders.

As part of the deal, Beta Group will also join Anta Builders’ Board of Directors, reinforcing its long-term commitment to supporting the firm’s growth and strategic initiatives.

“This partnership reflects our strategic intent to participate meaningfully in India’s urban transformation journey,” said a spokesperson from Beta Group.

The collaboration aims to jointly raise Rs 5 billion for infrastructure and real estate projects across high-growth cities such as Bengaluru, Hyderabad, Pune, Mumbai, and Gurugram.

Key focus areas include the deployment of advanced construction technologies, promotion of sustainable building practices, development of smart city and green infrastructure projects, and investments in both residential and commercial real estate ventures.

News source: The Hindu Businessline

Infrastructure Energy

09 Jan 2026

Rajesh Power Secures 65 MW BESS Project in Gujarat

Rajesh Power Services has recently secured a 65 MW / 130 MWh standalone Battery Energy Storage System (BESS) project in Gujarat, marking its entry into utility-scale energy storage. The company received a Letter of Intent from Gujarat Urja Vikas Nigam for the project, which will be developed at Virpore under a tariff-based competitive bidding mechanism supported by Viability Gap Funding through the Power System Development Fund.The project is expected to be executed within 18 months from the signing of the Battery Energy Storage Purchase Agreement. With the ability to supply 65 MW of power for..

ONGC Forms JV with MOL for Ethane Shipping Operations

Oil and Natural Gas Corporation (Oil and Natural Gas Corporation) has recently entered the ethane shipping segment through joint venture agreements with M/s Mitsui O.S.K. Lines Ltd (Mitsui O.S.K. Lines), Japan. The agreements involve equity participation in two joint venture entities—Bharat Ethane One IFSC Private Limited and Bharat Ethane Two IFSC Private Limited—registered at GIFT City, Gandhinagar.Under the arrangement, ONGC will subscribe to 2,00,000 equity shares of Rs 100 each in both entities, resulting in a 50 per cent equity holding in each joint venture, with the remaining stake ..

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performa..