Serentica Renewables to Invest $3.5 Billion by FY27, Chairman Predicts Shift in Power Demand with AI and Data Centres

Serentica Renewables to Invest $3.5 Billion by March 2027

Serentica Renewables, a Vedanta-group backed company, plans to invest $3.5 billion by March 2027, with annual investments of $1.5-2 billion thereafter. The company's chairman, Pratik Agarwal, also chairs Resonia and is the managing director of Sterlite Electric.

Renewable Energy Expansion

Serentica Renewables aims to scale its assets to Rs 65,000 crore by FY27 and Rs 1 lakh crore by 2030 from the current Rs 35,000 crore. The company has over 7 GW of renewable energy projects under development and execution, with a target of 5,000 MW of commissioned capacity by FY27.

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

Transmission Infrastructure

Resonia, a company focused on large interstate transmission infrastructure, has deployed over 13,000+ circuit kilometres across 24 completed projects. The company aims to scale its assets to Rs 65,000 crore by FY27, Rs 73,000 crore by FY28, and Rs 1 lakh crore by 2030.

Transmission Sector Evolution

India's transmission sector is entering its most decisive decade, with a target of 600 GW of non-fossil capacity by 2032. The grid must be proactive to accommodate the increasing renewable energy capacity. Serentica Renewables expects to invest $3.5 billion by March 2027, with annual investments of $1.5-2 billion thereafter.

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

India-US Deal Impact

The recently announced India-US deal has limited direct exposure for Serentica Renewables, as the majority of its business serves the domestic Indian market. However, deeper India-US cooperation in clean energy and advanced infrastructure is positive for the sector.

Order Book and Growth Roadmap

Sterlite Electric's order book stands at Rs 74,490 million as of March 31, 2025, with a strong focus on the domestic market. The company is expanding manufacturing capacity, including a new facility in Vadodara. Serentica Renewables aims to invest $3.5 billion by March 2027, with annual investments of $1.5-2 billion thereafter.

Asset Acquisition and New Ventures

Serentica Renewables continuously evaluates acquisitions that strengthen its firm renewable capability or transmission integration. The company acquired Statkraft during the current financial year, expanding its clean-energy portfolio.