Hartek Group to raise $100 million in PE funding

Hartek Power

Hartek Group is planning to raise at least $100 million in private equity to scale up operations and support growth.

The Punjab-based Engineering, Procurement and Construction (EPC) company has interests in conventional and renewable power sectors.

Hartek Singh, founder and Group CMD, was quoted as saying by BusinessLine: “The emergence of solar gave us the roadmap to spread across the country, so we cashed in on the opportunity and I feel there is immense opportunities in this country.”

While Hartek group has established itself as an EPC player in sub-station and transmission lines up to 400KV with over 100 sub-stations commissioned for industries and utilities, it had ventured into solar power infrastructure, rooftop solar installations as well as manufacturing of switchboard panels of various voltage class based on technology from Schneider Electric.

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Author: Research Desk