Private Equity

Private Equity Fund Investments

Biomass supply chain mgmt co PRESPL raises Rs.30-Cr from Japan's Mitsui

Press Release  

Japan's Mitsui & Co Ltd will invest INR 30 crore (about USD 4.1 million) in Punjab Renewable Energy Systems Pvt Ltd (PRESPL), a Mumbai-based biomass supply-chain management company. PRESPL is involved in the collection, storage and processing of agricultural residues and the production of biomass briquettes and pellets to meet the growing demand for biomass fuel from the bio-energy industry. PRESPL also provides a range of operation & maintenance, and other technical services, to the industry.

From the Venture Intelligence PE-VC Deal Database: In two previous rounds - in Sep-13 and Feb-19 - Punjab Renewable Energy Systems had attracted over INR 65 Cr from Shell Technology Ventures, SBICAPS Ventures and responsAbility. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)