Economic TimesLean R·
Sprng deal could deliver fresh spark to drive Grasim revenue
ET Intelligence Group: Grasim Industries' acquisition of Sprng Energy is a strategic bet on India's fast growing solar power sector, which is expected to help its renewable energy business outpace the group's overall revenue growth. Revenue of renewable energy business is estimated to surge 382% to ₹4,446 crore by FY28, compared with a 31% anticipated increase in the group's consolidated revenue at ₹53,736 crore, according to Motilal Oswal Financial Services. Analysts estimate the segment curre…
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