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Hero Future Energies reorganises business to make overseas foray

The move is aimed at exposing HFE Global to better financing avenues in the global market

Rahul Munjal, company’s chairman and managing director, says the idea is to make the company multinational
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Rahul Munjal, company’s chairman and managing director, says the idea is to make the company multinational

Shreya JaiJyoti Mukul New Delhi
Hero Future Energies has reorganised its business to expand its portfolio abroad and access cheaper funding. Hero Future Energies (HFE) Global, registered in London since 2016, will control the India business through a Singapore entity and spearhead the global plans.

The renewable arm of BM Munjal Group is looking to get 25-30 per cent of its business from the overseas market. It is looking to make use of the UK treaties with other countries, especially in the African and South Asian region, for efficient financing of projects. The company is yet to have an operational project abroad, though it has

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First Published: Sep 29 2019 | 6:32 PM IST

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