The company plans to build 60 GW of renewable energy capacity by 2032 as part of a broader transformation from a conventional power producer into a diversified and integrated energy company.
The proposed IPO will comprise entirely fresh shares, with parent Sembcorp Industries not selling any stake through the offering
Under the PPA, the project is required to provide four hours of peak-hour power with 90 per cent monthly availability, along with meeting a minimum annual capacity utilisation factor
IIFCL will be the sole lender for the project, with the financing carrying a repayment tenor of 19 years
India’s clean energy transition will require around USD 500 billion by 2030, with data centres, green hydrogen, storage and transmission driving investment needs
India’s expanding AI and data-centre ecosystem could create fresh investment opportunities across power generation, transmission, storage and energy efficiency as electricity demand rises
Data-centre development has traditionally revolved around electricity availability, land, cooling and connectivity. AI changes the electrical equation
The investment will be used to fund EESL’s greenfield lithium-ion battery manufacturing project in Bengaluru and meet other funding requirements
Transformers, feeders, substations and distribution lines will have to handle more power, more volatile flows and sharper demand peaks than they were originally built for
OHM Global Mobility Limited will also operationalise electric buses for public transport in the state and expand its mobility solutions business
The company said shipments under the order began in July 2026
