Delhi-based ETPL ties up with UK's top hedge fund group SRAM & MRAM for solar projects

UK-based hedge fund SRAM & MRAM group is investing in Delhi-based Enerture Technologies Pvt Ltd (ETPL) for the development of solar projects under the RESCO/open access model.

Enerture Technologies has been involved in solar project expansion with a specific focus on project development and asset management. This joint venture will help ETPL become a major front-runner in the solar industry.

Dr Sailesh Lachu Hiranandani, chairman of SRAM and MRAM Group; executive director NVR Suresh and Bhairaw Kumar Mandal, founder and CEO, Enerture Technologies, were present during the signing of the MoU at Exchange 106 in Kuala Lumpur.


The joint venture explores the possibility of listing the India operations in potential jurisdictions such as the UK, USA, Luxembourg and Singapore.

This engagement with one of the top global hedge funds is a feather in ETPL’s cap, says Mandal, and will greatly help the business realise its targets of becoming the fastest-growing solar company globally.