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Asharq Al-Awsat
Asharq Al-Awsat
Business
Abu Dhabi - Asharq Al-Awsat

BlackRock Real Assets, UAE’s Mubadala Invest in India’s Tata Power Company

TATA Tata Power BlackRock Mubadala India Mubadala Investment Company Abu Dhabi United States
One of Tata's renewable energy projects. (Asharq Al-Awsat)

India's Tata Power Company said on Thursday that a consortium led by the US-based BlackRock Real Assets and Abu Dhabi's Mubadala Investment Company would invest 40 billion rupees ($525.76 million) in the company’s renewable energy unit for a 10.53% stake.

The investment is expected to fund Tata Power Renewable Energy’s aggressive growth plans in the rooftop and electric vehicle charging space in India.

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