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Adani to Acquire Equity in Essel Saurya Urja to Enhance Presence in Rajasthan

Adani Renewable Energy Holding Two will acquire 50 percent equity in Essel Saurya Urja Company of Rajasthan (ESUCRL) from Essel Infraprojects for Rs 15 crore for renewable energy projects in Rajasthan.

 

Adani Renewable Energy Holding Two is the arm of Adani Green Energy (AGEL).

 

The acquisition will allow the company more leeway to expand AGEL's footprint in Rajasthan, where it owns and operates a solar park under its joint venture company with the Rajasthan government -Adani Renewable Energy Park Rajasthan (AREPRL).

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