Norfund-backed Indian waste-to-energy producer taps another overseas investor

By Aman Malik

  • 10 Oct 2023
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Biomass plants use farm residues such as paddy straw to generate electricity | Credit: ADB

An Indian food processing and green energy company that received equity funding from a climate fund managed by Norwegian development finance institution Norfund in early 2023 has now brought on board another equity investor.  Norfund-managed Norwegian Climate Investment Fund had agreed to invest $60 million (about Rs 500 crore) in SAEL Industries Ltd in January this ......

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