NSL Renewable Power raised $60 million
Summary
NSL Renewable Power Private Limited (NRPPL), part of the Hyderabad based NSL Group, announced today that it has executed investment agreements for $60 million from a group of investors comprising of Development Finance Institutions, DEG Deutsche Investitions- und Entwicklungsgesellschaft from Germany and PROPARCO from France, Asia Clean Energy Limited, a Private Equity Fund from South Korea and GS Power Co. Ltd from South Korea. Existing investors in the Company, International Finance Corporation and FE Clean Energy also participated in this round of fund raising. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.