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Homespecial purpose vehicle

special purpose vehicle

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Financings

POWERGRID acquires BDPTL for evacuation of renewable energy in Karnataka

February 16, 2026

Power Grid Corporation of India Limited (POWERGRID) has completed the acquisition of Bellary Davanagere Power Transmission Limited (BDPTL), the special purpose vehicle set up for the transmission project in Karnataka. The project aims to facilitate […]

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Financings

Dalmia Bharat divests stake in O2 Power’s SPV

January 21, 2026

Dalmia Cement (Bharat) Limited, a wholly owned subsidiary of Dalmia Bharat Limited, has divested its entire 25.44 per cent stake in  O2 Renewable Energy V, a special purpose vehicle of O2 Power. The transaction was […]

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Miscellaneous

JK Cement acquires additional stake in O2 Renewable Energy V Private Limited 

December 5, 2025

JK Cement Limited has purchased an additional 12.21 per cent equity stake in O2 Renewable Energy V Private Limited, a special purpose vehicle of O2 Power, for approximately Rs 0.05 billion. This has increased JK […]

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Miscellaneous

Havells India acquires 26 per cent stake in Kundan Solar for a 15 MWac solar project

December 1, 2025

Havells India Limited has acquired a 26 per cent stake in Kundan Solar (Pali) Private Limited, the special purpose vehicle (SPV) of Kundan Green Energy Private Limited. The SPV was formed for the development of […]

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Financings

HFE bags Rs 19.08 billion funding for hybrid renewable energy project

October 7, 2025

Hero Future Energies Private Limited (HFE), through its special purpose vehicle (SPV) Clean Renewable Energy Hybrid Three Private Limited, has raised Rs 19.08 billion in funding from the State Bank of India (lead) and Canara […]

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Projects

HFE raises Rs 10.24 billion funding for hybrid renewable energy project

September 24, 2025

Hero Future Energies Private Limited (HFE), through its special purpose vehicle, Clean Solar Power Barmer Private Limited, has secured Rs 10.24 billion in funding from the State Bank of India. The funding is for the […]

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Financings

Laurus Labs obtains 26 per cent stake in Ethan Energy

November 29, 2022

Pharmaceutical and biotechnology company Laurus Labs has obtained 26 per cent equity shares in Ethan Energy by investing Rs 39 million. Ethan is a special purpose vehicle of Vibrant Energy Holdings. This acquisition will allow […]

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