Sumitomo Corp picks up 49% stake in Hero group unit
Sumitomo Corporation has acquired a 49% stake in a Hero Future Energies project vehicle that will develop a 500 MW wind-solar-battery project in Karnataka’s Bidar district, while HFE will retain 51%. The partnership strengthens Sumitomo’s renewable energy presence in India and supports HFE’s wider 10 GW development pipeline.
The Economic Times ·
The Economic Times
