3i takes stake in Indian energy firm
3i has invested $45 million for a minority stake in Ind-Barath Energy Limited (Utkal), from its $1.2 billion 3i India Infrastructure Fund.
The stake acquisition comes as Utkal builds a 700MW coal fired power plant in Orissa, the firm announced. Utkal is a division of Ind-Barath Power Infra Limited, which Anil Ahuja, MD and Head of 3i Asia,...
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