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Bharti Airtel Increases its Stake in Avaada Energy’s Group Captive Solar Project

The acquisition will help the telecom giant to reduce its carbon footprint

March 24, 2021

/ Rakesh Ranjan
/ Finance and M&A, Solar,
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Bharti Airtel, one of India’s largest telecom companies, has joined hands with Avaada Energy and decided to buy an additional 3.3% stake in the special purpose vehicle (SPV) Avaada MHBuldhana to procure 21.32 MW of solar power under the group-captive arrangement.

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Rakesh Ranjan

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