Essar Group Seeks $150 Million Capital for Green Energy Expansion

Overview

Essar Group is in advanced talks to raise up to $150 million in equity capital from foreign investors for its renewable energy arm, Essar Renewables. This funding will support its goal of developing over 8 GW of green energy capacity by 2030, contributing to India's national target of 500 GW installed green energy capacity. The group is targeting investors with substantial capital for future needs.