{"id":430232,"date":"2021-08-12T08:22:36","date_gmt":"2021-08-12T02:52:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=430232"},"modified":"2021-08-12T08:47:11","modified_gmt":"2021-08-12T03:17:11","slug":"renew-power-enters-hydro-sector-acquires-larsen-toubro-unit","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/renew-power-enters-hydro-sector-acquires-larsen-toubro-unit\/","title":{"rendered":"ReNew Power enters hydro sector, acquires Larsen &amp; Toubro unit"},"content":{"rendered":"<p>Infrastructure major Lar\u00adsen &amp; Toubro (L&amp;T) sold its 99-megawatt (Mw) hydro power project to ReNew Power, marking its entry in the hydro sector.<\/p>\n<p>Separately, ReNew, which is set to list on the New York Sto\u00adck Exchange, also acquired 260 Mw\/330Mwp of operating sol\u00adar project in Telangana. It peg\u00adged the combined enterprise value of the two acquisitions, including L&amp;T\u2019s project, at Rs 2,850 crore ($384 million). <\/p>\n<p>As part of the deal with L&amp;T, ReNew will take over L&amp;T Utta\u00adranchal Hydropower, whi\u00adch owns the Singoli-Bhatwari Hydroelectric Project (SBHEP), from L&amp;T Power Development, a wholly-owned subsidiary of the company. ReNew will also absorb the project operations team of SBHEP. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Infrastructure major Lar\u00adsen &amp; Toubro (L&amp;T) sold its 99-megawatt (Mw) hydro power project to ReNew Power, marking its entry in the hydro sector. Separately, ReNew, which is set to list on the New York Sto\u00adck Exchange, also acquired 260 Mw\/330Mwp of operating sol\u00adar project in Telangana. It peg\u00adged the combined enterprise value of the two acquisitions, including L&amp;T\u2019s project, at Rs 2,850 crore ($384 million). As part of the deal with L&amp;T, ReNew will take over L&amp;T Utta\u00adranchal Hydropower, whi\u00adch owns the Singoli-Bhatwari Hydroelectric Project (SBHEP), from L&amp;T Power Development, a wholly-owned subsidiary of the company. ReNew will also absorb [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-430232","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430232","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=430232"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/430232\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=430232"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=430232"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=430232"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}