The company will invest up to Rs 27.75 crore in cash for the stake. The transaction is expected to be completed within 180 days
Supply constraints, aggregation gaps and logistics costs emerge as hurdles to scaling biomass co-firing in India
The company said the order will be executed by March 2027
OHM Global Mobility Limited will also operationalise electric buses for public transport in the state and expand its mobility solutions business
The assessment comes as energy markets contend with disruption around the Strait of Hormuz and the possibility of continued instability in the Red Sea