The Blackstone Group invested about Rs 1399 crore ($300 million) in August 2010 to pick up a minority stake in Moser Baer Projects Pvt Ltd. Moser Baer Projects Pvt Ltd is the energy business floated by promoters of optical media company Moser Baer India Ltd- Deepak Puri and Ratul Puri. Moser Baer Projects Pvt Ltd focuses on building thermal, solar and hydro-electric projects. Moser Baer Projects set up two solar power projects in Nordendorf, Germany, and in Sivaganga, Tamil Nadu. Moser Baer also has plans to commission 5000 MW by 2016 consisting of 4000 MW of thermal, 500 MW of solar and 500 MW of hydro-electric capacity.
Blackstone Group Picked Stakes in Moser Baer
The Blackstone Group invested about Rs 1399 crore ($300 million) in August 2010 to pick up a minority stake in Moser Baer Projects Pvt Ltd.
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