RDB Infrastructure Acquires 49% Stake in Arankam Green Energy

RDB Infrastructure And Power Ltd has entered into a Reconstituted Partnership Deed to acquire a 49% interest in Arankam Green Energy Solution (Firm) for ₹90,00,000. The acquisition is for the completion and commercialization of a 6.3 MW renewable energy project awarded under a Power Purchase Agreement with UPPCL. The remaining 51% interest will be acquired after one year from the Commercial Operation Date. The firm is a Special Purpose Vehicle for solar power projects in India.