RattanIndia sells solar power project to GIP
4th Sep 2020

RattanIndia Group has sold off its entire solar power project fleet totalling 306 Mw to Global Infrastructure Partners (GIP). The deal value is for Rs 1,670 crore. Now, the company has only two power plants - Amaravati thermal power plant (1,350 MW) for which it concluded debt restructuring in December 2019 and Nashik thermal power plant (1,350 MW) which is a stressed asset.

RattanIndia Power develops and intends to operate and maintain power projects in India. The company is involved in a number of Thermal and Hydro Power Projects across India.