Hydro-power focused Bhilwara Energy attracts Rs.500-Cr led by Singularity AMC for green energy foray

Noida-based Bhilwara Energy is raising around INR 500 crore, led by growth equity firm Singularity AMC, backed by investor Madhusudan Kela. The investment will support Bhilwara Energy’s efforts to create an integrated energy transition platform called HEG Greentech. The funds will be used for organic growth, new greenfield projects, and acquisitions in multiple sectors, including power assets, battery-grade anode materials, bottle-to-bottle recycling, graphene, and advanced battery systems manufacturing.Established in 2006, Bhilwara Energy, part of the LNJ Bhilwara Group, is focused on hydropower projects.