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RP-Sanjiv Goenka Group
RP-Sanjiv Goenka Group is expanding in energy: Purvah Green Power bought a 1.4 GWp ReNew solar portfolio for ₹4,859 crore, lifting contracted capacity from 3.4 GWp to 4.8 GWp (Outlook Business, 10 Aug). Final talks with Macquarie for Welspun New Energy, with 45 MW operational, continue (ET Small Business, 24 Aug).
What it means Renewable asset sellers and rival bidders face a well-funded RP-Sanjiv Goenka Group buyer.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
- Reported: RPSG’s potential ₹2,000 crore renewable acquisition could strengthen group-level energy resilience and sustainability credentials, though direct retail operating impact is likely limited near term.Reported: RPSG Group, Macquarie in final race for Welspun New Energy at ~₹2,000 crore EV. RP Sanjiv Goenka Group and Macquarie are in final negotiations to acquire Welspun New Energy, which has 45 MW operational renewable capacity and a broader development pipeline.Watch:
- Reported: Purvah’s acquisition adds 1.4 GWp of operating, long-term contracted solar capacity, expanding its platform to 4.8 GWp and improving generation-scale visibility.Reported: RPSG-backed Purvah Green Power buys 1.4 GWp ReNew solar portfolio for ₹4,859 crore. The deal lifts Purvah’s contracted renewable capacity from 3.4 GWp to 4.8 GWp, advancing RPSG’s 10 GW renewable-platform ambition.Watch:
Background
From 7 stories, the newest dated 4 Sept 2026. Summary written 4 Oct 2026.
RP-Sanjiv Goenka Group, also called RPSG Group, is an Indian business group whose companies include the power utility CESC.[1] source: NDTV Profit[2] source: Business Today
Show 3 more paragraphs and 7 sources
Purvah Green Power is an RPSG-backed CESC platform for renewable energy.[3] source: Outlook Business RPSG Group's Purvah Green Power targets a 10 GW green-power portfolio by 2032.[4] source: ET Small Business
On Aug. 10, 2026, Purvah Green Power agreed to acquire six operational ReNew Solar projects in Rajasthan and Karnataka for ₹4,859 crore enterprise value, adding 1.4 GWp.[3] source: Outlook Business The deal lifts Purvah's contracted capacity from 3.4 GWp to 4.8 GWp, and more than 90% of the capacity is contracted with SECI.[3] source: Outlook Business The Hindu BusinessLine reported that CESC is funding the purchase.[5] source: The Hindu BusinessLine In September 2026, ET Small Business reported that Purvah was in final negotiations to acquire Welspun New Energy for about ₹2,500 crore.[4] source: ET Small Business Welspun New Energy has 45 MW of operating capacity and a 245 MW Gujarat wind-solar hybrid project.[4] source: ET Small Business In August 2026, Macquarie was named as the other final bidder for Welspun New Energy.[6] source: ET Small Business
CESC reported Q1 FY27 consolidated profit of Rs 402 crore, up 3.1%, on revenue from operations of Rs 5,485 crore, up 5.4%.[1] source: NDTV Profit It declared an interim dividend of Rs 6 per share with a record date of Aug. 19, 2026.[1] source: NDTV Profit In June 2026, Invest India listed RP-SG with ₹40,000 cr invested in West Bengal and a ₹10,000 cr pipeline.[7] source: Invest India
Sources
Questions about RP-Sanjiv Goenka Group
What is RP-Sanjiv Goenka Group's current strategy in India?
RP-Sanjiv Goenka Group is building its renewable business through acquisitions. In August 2026 Purvah Green Power agreed to buy ReNew's 1.4 GWp solar portfolio for ₹4,859 crore.[3] source: Outlook Business In September 2026 it was in final talks for Welspun New Energy at about ₹2,500 crore.[4] source: ET Small Business In June 2026 it listed ₹10,000 cr of West Bengal investment in the pipeline.[7] source: Invest India
Who are RP-Sanjiv Goenka Group's main competitors?
In the race to acquire Welspun New Energy, RPSG Group's Purvah Green Power competes with Macquarie, which ET Small Business named in August 2026 as the other final bidder, with the company valued near Rs 2,000 crore.[6] source: ET Small Business