O2 Power's India EPC Arm Sees Significant Turnaround in Financial Performance
O2 Power Pvt Ltd, the EPC arm of EQT and Temasek's Indian renewable energy platform, has recorded a significant improvement in its financial performance, turning a profit and increasing revenue.
Renewable EnergyEpcEqtTemasekO2 PowerReal EstateAug 01, 2024
This improvement in financial performance is a significant milestone for O2 Power, which has been working towards establishing itself as a major player in the Indian renewable energy sector. The company's EPC arm has been instrumental in driving this growth, with a focus on delivering high-quality projects on time and within budget.
About EQT EQT is a Swedish private equity firm that invests in companies across various sectors, including infrastructure, healthcare, and technology. The firm has a strong presence in Europe and Asia and has invested in several companies in India.
About Temasek Temasek is a Singapore state investment firm that invests in companies across various sectors, including financial services, telecommunications, and energy. The firm has a significant presence in Asia and has invested in several companies in India.The turnaround in O2 Power's financial performance is a testament to the company's hard work and dedication to delivering high-quality projects. With a strong pipeline of projects and a focus on innovation and sustainability, O2 Power is well-positioned to continue its growth trajectory in the Indian renewable energy sector.
Frequently Asked Questions
What is O2 Power's main business?
O2 Power is an engineering, procurement, and construction (EPC) company that specializes in renewable energy projects.
Who are the investors behind O2 Power?
O2 Power is backed by Swedish private equity firm EQT and Singapore state investment firm Temasek.
What is the significance of O2 Power's financial turnaround?
O2 Power's financial turnaround is significant because it marks a major milestone for the company, which has been working towards establishing itself as a major player in the Indian renewable energy sector.
What is EQT's investment strategy?
EQT invests in companies across various sectors, including infrastructure, healthcare, and technology, with a focus on driving growth and creating value.
What is Temasek's investment strategy?
Temasek invests in companies across various sectors, including financial services, telecommunications, and energy, with a focus on driving growth and creating value.
Related News Articles
Rohan Builders Achieves Unparalleled Excellence with 14 Consecutive Years of CRISIL DA2+ Grading
Rohan Builders continues to maintain its prestigious DA2+ Developer Grading from CRISIL, demonstrating its commitment to excellence in financial and operational parameters.
Sebi Chief Remains Tight-Lipped on Real Estate Investment Trusts
REITs comprise a portfolio of commercial real estate assets, most of which are already leased out.
PGA of America Launches State-of-the-Art Golf Courses in Mumbai, Navi Mumbai, and Hyderabad
AIVOT Golf & Sports Management collaborates with Shapoorji Pallonji Real Estate, Stonecraft Group, and Tvastar Golf to introduce PGA of America-branded golf courses in Mumbai, Navi Mumbai, and Hyderabad, setting a new standard for golf excellence in India
Raymond Expands Real Estate Footprint with Mahim Project Deal
Raymond, in a strategic move, has signed a Joint Development Agreement for a prestigious residential project in the prime location of Mahim West, Mumbai.
Amrita Singh, Zaheer Khan Among Celebrities Investing in Mumbai's Luxury Real Estate
Amrita Singh and Zaheer Khan are among the latest celebrities making significant investments in Mumbai's luxury real estate market. Discover the trends and insights of these high-profile investments.
SP Group Raises $3.3 Billion from Five Funds to Boost Real Estate and Construction Projects
SP Group secures a significant $3.3 billion investment from five prominent funds, aimed at refinancing and expanding its real estate and construction projects. This strategic move will help the company solidify its position in the market and drive sustain