Mahindra Susten, the renewables energy platform of the Mahindra Group, has started the process to launch an infrastructure investment trust (InvIT). Kotak Mahindra, Axis and Avendus Capital have been mandated to run the process, said people in the know.
Mahindra Susten’s businesses comprise the group’s renewable engineering, procurement and construction (EPC) unit (with more than 4 GW of capacity constructed) as well as an independent power production (IPP) unit with around 1.54 GW of operational solar plants.
