Petronas of Malyasia buys Amplus Energy in ₹2,700 crore deal
New Delhi: Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd or Petronas on Monday said it has acquired Amplus Energy Solutions Pvt. Ltd, one of India’s largest rooftop solar power producers.
The ₹2,700 crore deal, which is expected to be completed later this month, marks Petronas’ foray into the global clean energy space. Oil giants are looking to diversify and invest in India’s emerging green economy as the conventional hydrocarbon space undergoes technological disruptions.
Mint had reported about the impending deal on 16 January.
