Blackstone invests in Moser Baer Projects

Financial sponsor the Blackstone Group invests $300 million in power producer Moser Baer Projects.

Private equity firm the Blackstone Group will invest Rs13.5 billion around $300 million in Indian private sector company Moser Baer Projects.

Moser Baer Projects is a developer of power generation facilities with a pipeline of thermal, solar and hydroelectric power projects. It was founded by Deepak Puri and Ratul Puri, who are also the founders of Moser Baer India.

Delhi-based Moser Baer India was established in 1983 and grew to become the world’s second-largest manufacturer of...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition