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Deal● Neutral for Indian equities
Apraava Energy acquires Raigad transmission project SPV in Maharashtra
The brief
- The Maharashtra project includes 400 circuit kilometres of transmission lines and a pooling station
- The infrastructure will enable reliable supply to pumped storage plants and evacuation
- Transmission infrastructure investment is relevant to Indian power and energy-storage companies
- India may need over Rs 4 lakh crore investment in energy storage by FY32: Report
- India and EDF discuss EPR reactor deployment and pumped hydro projects