Mobility paves Samsung’s silver path
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Sunil Jain, a renewable energy veteran and Executive Director and CEO of renewable energy company Hero Future Energies, is quitting the company. Hero Future Energies, promoted by the Munjal family of the Hero group, said in a statement today that Jain will be “handing over complete charge” to his successor, Srivatsan Iyer, “within this month”.
Only Rahul Munjal, the company’s Chairman and Managing Director, has said he wished “Sunil success for his new beginning”.
Jain joined the then fledgling wind and solar energy producer, Hero Future Energies, about eight years ago, from another renewable energy company, Green Infra, now part of Sembcorp. Under him the company has grown to own about 2,000 GW of assets.
Also read: Is green hydrogen the future clean energy?
In November 2019, Abu Dhabi-based Masdar took 20 per cent stake in Hero Future Energies for $150 million, valuing the company then at $750 million. Earlier in January 2017, IFC, Washington, the private equity arm of the World Bank, had invested $125 million in the company.
A recent Bloomberg New Energy Finance report ranked the company ninth among the renewable energy companies in India (after ReNew Power, Greenko, Tata Power, Adani Green, Acme, Mytrah, Sembcorp and Azure Power.)
Also read: 2021: India to garner Rs 1.75 lakh crore investment for renewable energy sector
“One should move on in life,” Jain told BusinessLine today, adding that he had decided to quit back in March 2020, but then the pandemic came and he was requested to stay on for some more time. He did not disclose his next plan but hinted that he would be “in the industry”.
The Korean giant’s early bet on mobile phones helped it hit the $10-bn mark in India, but in its 25th year it ...
Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts
Invest in relationships, enterprise, behaviour, effort and learning
From different types of osmoses to new membranes, researchers have come up with ways of drawing water
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
Only half the Sensex stocks have bettered the index’s return in the last 10,000-point journey
High valuation and stiff competition from larger players are a dampener
Investors with a short-term perspective can buy The New India Assurance Company (NIACL) stock at current ...
What makes the new crop of young Indian cricketers such game-changing winners? Over and above their talent, ...
For their dead, Parsis practise a 3,000-year-old system where corpses are excarnated in the Tower of Silence, ...
The morning she gave Peter and Neha, and their baby daughter Minty, a tour of Ambassador Apartments, Mrs ...
It’s the 111th birth anniversary of jazz musician and guitar genius Jean ‘Django’ Reinhardt. This week’s quiz ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...