Russia’s Rosatom State Atomic Energy Corp. is exploring an investment in Inox Group’s wind turbine manufacturing business, said two people aware of the development. The Russian government company’s interest in India’s second largest wind-turbine maker by market share stems from its strategy to gain control over the supply chain, which in turn will help towards reining in costs and offer competitive tariffs in the country’s wind power space. “Rosatom is exploring this investment given its interest in the Indian wind energy space. It is trying to build a manufacturing presence. Through its unit JSC OTEK, it already has a partnership with the Netherlands’ wind turbine maker Lagerwey Wind BV,” said a person aware of the development, requesting anonymity.
Live Mint 21st Aug 2017 read more »