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Thai PTT power unit invests US$453 million in India's Avaada Energy

Thai PTT power unit invests US$453 million in India s Avaada Energy
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14 Jul 2021 10:30AM
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BANGKOK: Thai electricity firm Global Renewable Synergy Company Pcl (GPSC) said it had bought 41.6per cent of India s Avaada Energy for 14.8 billion baht (US$453.29 million).
The investment in this platform aligns with the company’s growth strategy in the renewable energy business, GPSC chief executive Worawat Pitayasiri said in a statement late on Tuesday.
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GPSC, a unit of state-owned PTT Pcl, considers India as a focus country for renewable energy expansion.
The deal comes days after another PTT unit, PTT Global Chemical Pcl, announced a US$4.75 billion acquisition of German coating resins maker Allnex ....

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Thai PTT power unit invests $453 million in Avaada Energy - The Hindu BusinessLine

Thai PTT power unit invests $453 million in Avaada Energy - The Hindu BusinessLine
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Thai GPSC shares jump after $453 million investment in India solar firm

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