ReNew Energy Global Sells Key Assets to IndiGrid for $275 Million

ReNew Energy Global ( (RNW) ) just unveiled an update.

On June 9, 2025, ReNew Energy Global announced the sale of ReNew Solar Aayan Private Limited, a 300 MW solar project in Rajasthan, and Koppal Narendra Transmission Limited, a 276 circuit kilometers transmission project in Karnataka, to IndiGrid Infrastructure Trust for approximately $275 million. The transaction, subject to regulatory approvals, will result in a cash inflow of around $80 million for ReNew, enhancing its financial position and potentially impacting its industry standing.

The most recent analyst rating on (RNW) stock is a Buy 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 scores moderately due to strong operational efficiency and growth in portfolios, as highlighted in the earnings call. However, concerns about high leverage, cash flow challenges, and a high P/E ratio weigh down the overall score. The technical outlook is cautious, with mixed indicators suggesting potential volatility in the short term.

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

More about ReNew Energy Global

ReNew Energy Global is a leading decarbonisation solutions company listed on Nasdaq, with a clean energy portfolio of approximately 17.4 GWs as of February 2025, making it one of the largest globally. The company is a major independent power producer in India, offering end-to-end solutions in clean energy, digitalisation, storage, and carbon markets, addressing climate change in a just and inclusive manner.

Average Trading Volume: 764,783

Technical Sentiment Signal: Buy

Current Market Cap: $2.5B

For a thorough assessment of RNW stock, go to TipRanks’ Stock Analysis page.