BII to invest $100 million in ReNew's solar parts maker - Times of India
Summary
British International Investment (BII) is set to invest Rs 870 crore ($100 million) in ReNew Photovoltaics for a 10% stake, valuing the solar component manufacturer at $1 billion. This marks BIIs first foray into solar component manufacturing in India, supporting ReNews expansion plans to increase its capacity to 13 GW with a new solar cell factory in Gujarat.
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