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

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