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ReNew Energy Global Sells Gadag Transmission Project to IndiGrid

Story Highlights
  • ReNew Energy Global sells its Gadag Transmission project to IndiGrid for US$ 41 million.
  • The transaction will bring ReNew a cash inflow of US$ 15 million after debt transfer.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ReNew Energy Global Sells Gadag Transmission Project to IndiGrid

TipRanks Cyber Monday Sale

ReNew Energy Global ( (RNW) ) has provided an update.

On December 2, 2025, ReNew Energy Global Plc announced the sale of its Gadag Transmission Limited project to IndiGrid Infrastructure Trust for approximately US$ 41 million, excluding cash and working capital adjustments. This transaction, which includes an earn-out related to Change-In-Law provisions, will result in a cash inflow of about US$ 15 million after debt transfer, subject to regulatory approvals, and marks a strategic move in ReNew’s asset management and industry positioning.

The most recent analyst rating on (RNW) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on ReNew Energy Global stock, see the RNW Stock Forecast page.

Spark’s Take on RNW Stock

According to Spark, TipRanks’ AI Analyst, RNW is a Neutral.

ReNew Energy Global’s overall score reflects strong earnings call performance and financial growth, tempered by high leverage and bearish technical indicators. The company’s strategic expansion and ESG achievements are positive, but financial stability concerns and technical weakness weigh on the score.

To see Spark’s full report on RNW stock, click here.

More about ReNew Energy Global

ReNew Energy Global Plc is a leading company in India that specializes in decarbonization solutions. The company focuses on renewable energy projects and infrastructure, contributing to the transition towards sustainable energy sources.

Average Trading Volume: 1,111,138

Technical Sentiment Signal: Buy

Current Market Cap: $2.77B

See more insights into RNW stock on TipRanks’ Stock Analysis page.

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