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Search Result (10)
Showing Result for Keyword #portfolio
News & MediaMahindra Susten achieves ‘Water Positive Certification’ for 100% operating portfolio
Mumbai, January 10, 2024: Mahindra Susten, a leading renewable Independent Power Producer (“IPP”) with in-house expertise in engineering, procurement, and construction ("EPC"), is pleased to announce that it has been awarded the prestigious ‘Water Positive Verification’ certificate for its 100% operating portfolio for the assessment year FY23.The accreditation, granted by esteemed certification authority TUV India (TÜV NORD GROUP), recognises Susten's commitment towards planet-positive initiatives and water resource conservation. This recognition comes after a thorough audit of all project locations in five states: Rajasthan, Gujarat, Madhya Pradesh, Telangana, and Andhra Pradesh. As per TUV India’s evaluation, Susten’s +1.5 GWp of renewable
Sustain LeadershipRakesh Khaitan
Rakesh Khaitan currently serves as the Chief Financial Officer of Mahindra Susten and is a Key Managerial Person. He has played pivotal role in setting up India’s largest Renewable Energy Infrastructure Investment Trust (InvIT) and has helped Mahindra group monetizing its IPP assets and deleveraging the debt from the books. He has been instrumental in creating a highly bankable IPP portfolio, totalling 1.65+ GWp of Solar Assets, establishing Mahindra as a leading Solar IPP player.Rakesh has demonstrated his exceptional leadership by successfully leading and executing projects throughout the entire development cycle. He secured long-term financing of over ₹7500 crores from
Blog postRevolutionizing Solar Energy: Using Robotics to Conserve Water
For many years, the solar industry has relied on water-intensive and labour-intensive processes to maintain and operate solar power technologies. From cleaning solar collection surfaces to photovoltaic panels, excessive water usage has been a common practice. However, at Mahindra Susten, we have been committed to finding a solution that reduces water consumption without compromising the efficiency of our systems.As a leading solar renewable Independent Power Producer (IPP), we take pride in managing a substantial portfolio exceeding 1.54 GWp. Yet, our impact extends beyond mere numbers. Our primary objective is to contribute 2.3 billion green units to the national grid through
News & MediaA Milestone for Mahindra Susten: Winning the RUVNL Project
Mahindra Susten emerges victorious with 200 MW in Rajasthan Urja Vikas Nigam Ltd’s (RUVNL) latest 1 GW solar auction. The resounding victory underscores Mahindra Susten's dedication to pioneering sustainable energy solutions and its relentless pursuit of excellence in the renewable energy sector.The esteemed project was awarded to Mahindra Susten after navigating a competitive bidding process, followed by an impactful e-reverse auction phase. The endeavour will be formalized through a 25-year power purchase agreement between RUVNL and Mahindra Susten, reinforcing the long-term viability of the project.Earmarked for completion within 18 months, the project's timeline exemplifies Mahindra Susten's swift execution capabilities. With
Blog postSusten: Booking exponential growth, ‘scal(e)ing’ new peaks!
Mahindra Susten has taken a leadership position in propelling the energy sector into a more sustainable future while growing 8x times over the past six years. Sustain aims to create a sustainable ecosystem for all stakeholders and the environment.Susten – Sustainability Enabler Mahindra Susten, the ‘cleantech’ arm of the Mahindra Group, offers diversified services within the renewables space. Susten has been supplying green energy to the nation since 2010. In the last decade, the company has developed power projects with generation capacities of over 4.2 GWp, including the installation of Independent Power Producer (IPP) projects generating 1.55GWp+ across India.“Our in-house EPC
Blog postCombating the Rising Water Crisis with Sustainable Green Energy Solutions
Water, the essence of life, is an invaluable resource essential for sustaining ecosystems, communities, and industries worldwide. However, the global water crisis poses a severe threat, compelling industries to adopt sustainable practices. With rapid urbanization, population growth, and climate change, the water demand is escalating while freshwater sources are dwindling. Mahindra Susten, a trailblazing renewable energy company, stands firm in its commitment to water conservation, striving to regenerate our world by addressing this pressing issue with sustainable green energy solutions. The Critical Role of WaterOften referred to as the elixir of life, water serves as the cornerstone of existence. Yet, statistics
News & MediaMahindra Susten receives SBTi approval for its near-term science-based emissions reduction target
· By FY30, Susten commits to reduce absolute Scope 1 & 2 GHG emissions by 51.8%. Scope 3 emissions to drop 51.6% per MWp within the same timeframe.· Susten becomes the fourth renewable IPP in India to have active SBTi target approval till date.Mumbai, January 17, 2025: Mahindra Susten, the clean-tech arm of the Mahindra Group, has secured approval from the Science Based Targets initiative (SBTi) for its near-term climate commitment targets. This extraordinary achievement is a testament to Susten’s pursuit of excellence and steadfast commitment to a sustainable future.Science Based Targets initiative (SBTi) is a collaboration between CDP, the United
Blog postWhat are Green Energy Solutions and Why are they so Important?
What are Green Energy Solutions and Why are they so Important?In the realm of sustainable energy, the quest for solutions that are environmentally friendly and resource-efficient has become imperative. As a leading renewable energy company in India, Mahindra Susten stands at the forefront of this transformative wave, driving innovations in green energy solutions. Understanding the essence and significance of green energy is pivotal in comprehending its crucial role in our collective journey towards a cleaner, more sustainable world. What are Green Energy Solutions?Sustainable green energy solutions encompass a broad spectrum of renewable energy sources that reduce environmental impact while meeting energy
Board of DirectorMr. Amarjyoti Barua
Amar joined Mahindra recently in May 2023 as Executive Vice President - Group Strategy. Amar Barua is a member of Group Executive Board. In his current role, he is leading the Group Strategy Office and works with Group’s overall portfolio of businesses for growth over the short and long-term. Prior to joining Mahindra, Amar was the Finance Leader for Oilfield Services & Equipment (OFSE) segment of Baker Hughes.As the finance leader for OFSE, Amar was responsible for partnering with operations to deliver growth & profitability at the $14B, 35000+ employee segment of Baker Hughes Prior to Baker Hughes, Amar held
Sustain LeadershipSaurabh Mehta
Saurabh is the Head of IPP BD & Regulatory Affairs at Mahindra Susten. He joined the team in 2015; he has spearheaded business acquisition and project development activities for Mahindra Susten's IPP vertical. His primary focus lies in securing a renewable energy portfolio consisting of solar, hybrid, storage, and RTC-based projects with sustainable returns.Before joining Mahindra Susten, Saurabh garnered valuable experience working with esteemed organizations such as Reliance ADA Group and Electrotherm, where he held various leadership positions. Throughout his career, he has successfully facilitated the development of over 2.0 GW of renewable energy projects, including solar, wind, and solar
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Mahindra Susten Private Limited Embassy 247 Park, Tower B, 6th Floor, Lal Bahadur Shastri Marg, Vikhroli West, Mumbai 400083
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