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Business
Sumitomo Corp to buy 49% stake in HFE's 500 MW Karnataka power project
✍️ Business Standard
🗓 06 Oct 2026, 12:34 AM
👁 12
Sumitomo Corp has agreed to acquire a 49 percent stake in HFE's 500 megawatt project located in Karnataka.
Sumitomo Corp announced that it will purchase a 49 percent stake in a 500 megawatt project being developed by HFE in the state of Karnataka. The information was reported by Business Standard.
The project has a capacity of 500 megawatts and is situated in Karnataka. No further details about the project's technology, timeline or exact location were provided in the lead.
Through this acquisition, Sumitomo Corp will increase its holdings in Indian power infrastructure. The stake purchase reflects the company's ongoing interest in participating in large‑scale energy projects within the country.
The project has a capacity of 500 megawatts and is situated in Karnataka. No further details about the project's technology, timeline or exact location were provided in the lead.
Through this acquisition, Sumitomo Corp will increase its holdings in Indian power infrastructure. The stake purchase reflects the company's ongoing interest in participating in large‑scale energy projects within the country.