BluPine Energy Secures INR 239 Cr Financial Assistance from Tata Capital The company will use the money on a solar power project in Chhattisgarh.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Sanjeev Bhatia, CFO of BluPine Energy

Renewable energy company BluPine Energy has secured INR 239 crore in financial assistance from Tata Capital for a solar power project in Chhattisgarh.

The project is in partnership with APL Apollo Building Products (a wholly owned subsidiary of APL Apollo Tubes), structural steel tubes and pipes manufacturing company, which will also be the lead consumer of the power generated from the project.

Once completed, the solar plant is expected to generate around 117 million units (MUs) of energy annually, offsetting more than 107,000 tons of CO2 emissions each year.

Sanjeev Bhatia, CFO of BluPine Energy, said, "We are witnessing a significant shift where private entities and corporates are increasingly prioritising green initiatives, sustainable practices, and adherence to ESG policies."

"Securing debt financing from Tata Capital for our 75 MWp solar project in Chhattisgarh is a major achievement for BluPine Energy and a step towards net zero emissions. By aligning our financial strategies with our environmental goals, we aim to contribute to a greener future and demonstrate that sustainable practices are environmentally necessary and financially sound," Bhatia added.

Founded in 2021, BluPine Energy is a renewable energy services company established in India by Actis, a global investor and world leader in funding and building sustainable infrastructure companies.

Manish Chourasia, Managing Director, Tata Cleantech Capital, said, "Our longstanding collaboration with BluPine Energy, spanning from a successful wind energy project to our current solar initiative, represents a steadfast commitment to creating a sustainable future for the next generation."

"By harnessing renewable energy sources, we are not only reducing carbon footprints but also driving innovation in the energy sector. Tata Capital values this partnership as we jointly pave the way towards a greener, more sustainable future," added Chourasia.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
Growing a Business

7 AI Tools That Help You Build a One-Person Business — and Make Money While You Sleep

Who needs a team? These seven AI tools let you automate everything, scale like a beast and reclaim your time.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Leadership

How Successful Leaders Get More Done in Less Time

The most successful leaders don't work longer; they manage their time with intention. Here's how to master time-blocking, prioritization and delegation to get more done in less time.

Leadership

The King of Esports: Yash Bhanushali, Founder, Orangutan

It caters to the demography specific to the age group of 12 to 40 years, particularly Genz, millennials, and younger audiences

Money & Finance

Make Money on Autopilot With These 5 Smart Passive Income Ideas

Five innovative ways to earn money even when you're sleeping.