Airtel Increases Stake in Avaada’s Captive Renewable Energy Project

The offtaker must own at least 26% of the power project for captive use

March 31, 2023

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Nxtra Data, a subsidiary of telecom company Bharti Airtel, has acquired an additional stake of 5.464% in Avaada MHAmravati, a subsidiary of Avaada Energy, for ₹23.9 million (~$290,663).

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Gourav Mishra

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Airtel Increases Stake in Avaada’s Captive Renewable Energy Project

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