HEG Limited — Updates, 10-03-2025: Press Release

Bhilwara Energy Limited (BEL) has secured approval to raise up to INR 500 crore, driven by investment from Singularity AMC. This capital will support BEL's development into an integrated energy transition platform, HEG Greentech, which focuses on power assets, advanced battery systems, and other sustainable technologies.

The funds are set to accelerate organic growth, initiate new greenfield projects, and establish strategic partnerships. The investment is welcomed by BEL’s Managing Director, who emphasizes the significant potential this funding unlocks for scaling operations and fostering innovation in India's energy transition. Singularity AMC’s leadership has expressed confidence in BEL's strong cash flow and zero-debt balance sheet, reinforcing the advantages of this investment. As private sector participation in India’s renewable energy landscape grows, BEL positions itself to capitalize on these opportunities, contributing to the country’s ambitions in low-carbon energy transition.