-
Sunday, July 12, 2020
Home News Punjab Renewable Energy secured Rs 55 Cr from Shell

Punjab Renewable Energy secured Rs 55 Cr from Shell

Punjab Renewable Energy Systems, which is a biomass energy company has how secured private equity investment from the Shell, which takes it to the Series B funding round to INR 55 crore.

The company secures its Series A round of funding in the month of September 2013 from a private equity funding followed by a Series B from the Neev Fund in April this year. The follow on fund investment by the Shell in Series B into the PRESPL makes this round fully subscribed as well.

PRESPL, which is an end to end bio-energy solutions company, has now collaborated with the other firms for the manufacturer of the biofuels such as Drop-in Fuels, BIO—NCG, Bioethaanoll, etc.

“The investment from Shell will be utilized for business expansion in the bio-energy sector and biomass supply chain management space in India.”

Monish Ahuja, MD, PRESPL said,

“These partnerships help deliver the solutions society will need to meet energy demand while reducing carbon emissions. PRESPL’s biomass collection expertise supports rural development and contributes to sustainable economic development. Shell is keen to play an active role in the energy transition in India, supporting economic growth with more and cleaner energy solutions.”

Nitin Prasad, Chairman, Shell Companies in India

The company was founded in 2011. It has been catering to the biomass requirements of independent power plants, industrial process plants, captive and co-generation power plants.

PRESPL has also ventured into some of the value addition of activities with a straight integration of businesses such as investment in builder assets, briquetting, and steam energy generation and sale as well.

Avatar
Udit Agarwalhttp://vyapaarJagat.com
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to vyapaarjagat. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

Stay Connected

5,714FansLike
4,224FollowersFollow
1,288FollowersFollow
3,989FollowersFollow
1,267FollowersFollow
6,453SubscribersSubscribe

Must Read

Tse Ping: Success Story of CP Pharmaceutical Chairman

In this success post, we are going to share the story of Tse Ping, the Chairman of CP Pharmaceutical Group. Sino Biopharmaceutical, one of...

Carl Cook Biography: Success Story of Cook Group CEO

In this success post, we are going to share the story of Carl Cook, the new CEO of the Cook Group, a medical device...

Most common HR(Human resources) challenges faced by SMEs

I am now facing lots of challenges wrt manpower. Since I was in town, I took out the Organization Study sheets, because...

John Doerr: Success Story of Kleiner Perkins Caufield CEO

In this success post, we are going to share the story of John Doerr, an American Venture Capitalist at Kleiner Perkins Caufield & Byers...

Related News

Tse Ping: Success Story of CP Pharmaceutical Chairman

In this success post, we are going to share the story of Tse Ping, the Chairman of CP Pharmaceutical Group. Sino Biopharmaceutical, one of...

Carl Cook Biography: Success Story of Cook Group CEO

In this success post, we are going to share the story of Carl Cook, the new CEO of the Cook Group, a medical device...

Most common HR(Human resources) challenges faced by SMEs

I am now facing lots of challenges wrt manpower. Since I was in town, I took out the Organization Study sheets, because...

John Doerr: Success Story of Kleiner Perkins Caufield CEO

In this success post, we are going to share the story of John Doerr, an American Venture Capitalist at Kleiner Perkins Caufield & Byers...

Robert Kuok Biography: Success Story of Malaysian Business Magnate

In this success post, we are going to share the story of Robert Kuok. Among the most successful Asian, self-made industrialists who...

Leave A Reply

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Language »
×

Hello!

Click one of our representatives below to chat on WhatsApp or send us an email to [email protected]

×