Rahul Munjal, Founder & Chairman, Hero Future Energies, said on the partnership, “We are delighted to welcome Sumitomo Corporation as a strategic partner in this project."
The new facilities will primarily cater to concrete requirements for wind turbine foundations, one of the critical stages in wind project construction
The latest orders span India, the Middle East and the Americas and include high-voltage transmission infrastructure as well as the supply of towers, hardware and cables
The order has been awarded to Enviro Infra Engineers through its step-down subsidiary, Suyog Urja Ltd
The company allotted 50.11 lakh equity shares to 42 anchor investors at Rs 632 apiece, the upper end of its IPO price band
The project is targeted for commissioning in 2027 and is expected to generate employment opportunities for local communities during both construction and operations
The plan also proposes bringing more greenfield areas under the agriculture-cum-solar farm scheme and increasing the use of renewable energy across public infrastructure
The acquisition has been completed and does not fall under related-party transactions. No government or regulatory approval is required for the transaction
