Sanmar Group picks majority stake in Hyderabad-based AltEons Energy

The Sanmar Group has acquired a majority stake in AltEons Energy. This investment will help AltEons develop its initial 210 MW hybrid project. The company plans to add another 800 MW to its pipeline this year. Maharashtra remains a key market, with other states also being evaluated. AltEons focuses on wind, solar, and battery storage for consistent power.