+
Clean Edge empowers Nagpur waste to energy business
WATER & WASTE

Clean Edge empowers Nagpur waste to energy business

Lars Enviro , based in Nagpur, realised its value during Covid, when businesses transitioned to online operations and also eliminated jobs. The company started out making waste water treatment plants, but now it also makes a wider range of waste to energy plants like bio-CNG ones.

Lars, who had been there for 25 years, was taken over by Clean Edge's Indian division. Even the physical assets' due diligence was conducted remotely since the entire transaction took place online. Finally, the agreement was inked in April 2022. As a part of the deal the company has received Rs 33 million from Clean Edge. This includes the money paid to buy Lars Enviro's equity from the company's promoters and the money invested after taking over.

Ramesh Daryapurkar, a city businessman who is in charge of Lars Enviro, said the company started out by providing distilleries with waste water treatment plants. However, it soon expanded into other industries and found clients all over the world. Daryapurkar asserts that there were no layoffs during the pandemic.

According to Clean Edge's Vinod Aachi, the business has recently completed two takeovers. The other is a Delhi-based business. Clean Edge learned about Lars Enviro from a mutual friend who had been in negotiations to buy the company but failed to consummate the sale. According to Aachi, this provided sufficient information to complete the due diligence.

He added that the company now anticipates operating biogas and bio CNG plants on a build, own, operate, and transfer (BOOT) basis in addition to catering to businesses in various industries through the Lars manufacturing facility.

Lars Enviro , based in Nagpur, realised its value during Covid, when businesses transitioned to online operations and also eliminated jobs. The company started out making waste water treatment plants, but now it also makes a wider range of waste to energy plants like bio-CNG ones. Lars, who had been there for 25 years, was taken over by Clean Edge's Indian division. Even the physical assets' due diligence was conducted remotely since the entire transaction took place online. Finally, the agreement was inked in April 2022. As a part of the deal the company has received Rs 33 million from Clean Edge. This includes the money paid to buy Lars Enviro's equity from the company's promoters and the money invested after taking over. Ramesh Daryapurkar, a city businessman who is in charge of Lars Enviro, said the company started out by providing distilleries with waste water treatment plants. However, it soon expanded into other industries and found clients all over the world. Daryapurkar asserts that there were no layoffs during the pandemic. According to Clean Edge's Vinod Aachi, the business has recently completed two takeovers. The other is a Delhi-based business. Clean Edge learned about Lars Enviro from a mutual friend who had been in negotiations to buy the company but failed to consummate the sale. According to Aachi, this provided sufficient information to complete the due diligence. He added that the company now anticipates operating biogas and bio CNG plants on a build, own, operate, and transfer (BOOT) basis in addition to catering to businesses in various industries through the Lars manufacturing facility.

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?