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Sumitomo Corp picks up 49% stake in Hero group unit

Sumitomo Corporation has acquired a 49% stake in a Hero Future Energies project vehicle that will develop a 500 MW wind-solar-battery project in Karnatakas Bidar district, while HFE will retain 51%. The partnership strengthens Sumitomos renewable energy presence in India and supports HFEs wider 10 GW development pipeline.

5 Oct 2026 4:37 pm