Adani Green Energy has acquired 100 per cent equity stake in Spinel Energy and Infrastructure from Hindustan Cleanenergy and Peridot Power Ventures.
“Adani Green Energy Ltd (AGEL) has completed acquisition of 100 per cent of the share capital and all the securities of Spinel Energy & Infrastructure Ltd from Hindustan Cleanenergy Limited and Peridot Power Ventures Ltd,” a BSE filing said.
This acquisition is part of AGEL’s overall growth strategy where the company is planning to build a capacity of 25 GW by 2025.
While acquisitions of existing infrastructure would help it grow inorganically, AGEL is expanding organically too by establishing greenfield power plants.
