DFIs bet on Welspun Renewable Energy founder’s new firm

By Debjyoti Roy

  • 14 Feb 2019
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Credit: Reuters

Nearly three years after Welspun Renewable Energy was sold in a big-ticket deal, the firm’s co-founder has secured funding from foreign institutional investors for his new power venture. Giriraj Renewables Pvt. Ltd, a fully-owned subsidiary of Vineet Mittal-led Avaada Power Pvt. Ltd, has raised more than $50 million (Rs 354 crore ......

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