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EIE Renewables buys 49% stake in Bihar’s PRA BESS for ₹15.51 crore
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🗓 31 Aug 2026, 03:14 AM
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Enviro Infra Engineers’ subsidiary EIE Renewables has acquired a 49% share in the PRA Bihar Battery Energy Storage System for ₹15.51 crore.
Enviro Infra Engineers, through its renewable arm EIE Renewables, completed the purchase of a 49% equity stake in the PRA Bihar Battery Energy Storage System (BESS). The transaction, valued at ₹15.51 crore, was announced via a market filing and marks the latest expansion of the group’s renewable‑energy portfolio.
The acquisition gives EIE Renewables a significant foothold in Bihar’s emerging energy‑storage market, a sector the Indian government is promoting to balance intermittent renewable generation. Analysts note that such stakes can help the company leverage existing infrastructure and participate in future grid‑balancing projects.
Details on the operational capacity of the PRA Bihar BESS or any further financial terms were not disclosed. Both parties confirmed that the deal complies with applicable regulations and will be reflected in their upcoming financial statements.
The acquisition gives EIE Renewables a significant foothold in Bihar’s emerging energy‑storage market, a sector the Indian government is promoting to balance intermittent renewable generation. Analysts note that such stakes can help the company leverage existing infrastructure and participate in future grid‑balancing projects.
Details on the operational capacity of the PRA Bihar BESS or any further financial terms were not disclosed. Both parties confirmed that the deal complies with applicable regulations and will be reflected in their upcoming financial statements.