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BII Takes 10% Stake for $100 Mn in ReNew Arm

Mint New Delhi

|

May 07, 2025

BII backs ReNew Photovoltaics in its first solar manufacturing bet in India

- Rituraj Baruah

British International Investment (BII) has invested $100 million in the solar module and cell manufacturing subsidiary of Nasdaq-listed ReNew Energy Global Plc. The UK government entity will acquire a 10% stake in ReNew Photovoltaics Ltd, valuing the subsidiary at $1 billion, according to a filing with the Securities and Exchange Commission.

The investment will be deployed towards adding 4 gigawatts of solar module and cell manufacturing capacity. ReNew has 6.4 GW of module capacity and 2.5 GW of cell capacity. The cumulative capacity of ReNew will be about 13 GW following the capacity addition.

MEER VERHALEN VAN Mint New Delhi

Mint New Delhi

The words we aren't using

Listen. That's all I did one afternoon at the Museum of Art and Photography in Bengaluru last week.

time to read

1 mins

November 29, 2025

Mint New Delhi

Mint New Delhi

Former DBS CEO is Temasek India's new non-exec chair

Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-exec role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said. He will join on 1 December.

time to read

1 mins

November 29, 2025

Mint New Delhi

Apple's 5th India store to open in Noida soon

Apple announced on Friday it will open its fifth retail store in India on 1 December in Noida's DLF Mall of India—marking its second store in the National Capital Region after Delhi, which opened in April 2023.

time to read

1 min

November 29, 2025

Mint New Delhi

Mint New Delhi

120 ways of cooking your vegetables

Restaurateur Camellia Panjabi's new cookbook is a deep dive into the country’s vast and varied vegetarian cuisine

time to read

4 mins

November 29, 2025

Mint New Delhi

Tiramisu is trending and nobody is complaining

Tiramisu, tiramisu latte, rasgulla tiramisu, masala chai tiramisu, tiramisu tres leches—it seems like almost every café or restaurant across the country has some version of the Italian dessert on its menu.

time to read

4 mins

November 29, 2025

Mint New Delhi

Mint New Delhi

Former DBS CEO is Temasek India’s new non-exec chair

Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-executive role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said, He will join on 1 December.

time to read

1 mins

November 29, 2025

Mint New Delhi

Mint New Delhi

Everything that’s wrong with India’s development story

This new book inquires into the conditions under which India has tried to develop in the past 75-plus years

time to read

4 mins

November 29, 2025

Mint New Delhi

Mint New Delhi

Two women navigate love and politics in Mumbai

This novel's charm lies less in plot twists and more in the lived-in world of the millennial women it depicts accurately

time to read

3 mins

November 29, 2025

Mint New Delhi

Art Deco feels in Indian fashion

The 100-year-old style has inspired design worldwide. Why doesn't it have a big presence in Indian fashion?

time to read

4 mins

November 29, 2025

Mint New Delhi

Mint New Delhi

India hopes to seal US reciprocal tariff pact by end of Dec

India is looking to finalize a framework agreement on reciprocal tariffs with the US by the end of this year, said commerce secretary Rajesh Agrawal, marking a significant step toward resolving the strained bilateral trade between the two countries.

time to read

1 mins

November 29, 2025

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