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Indian Renewable Energy Company SAEL Industries Files for $521 Million IPO
SAEL Industries, an Indian renewable energy firm, filed for a $521 m IPO amid growing green-energy interest.
On 4 November 2025, SAEL Industries, a renewable energy operator in India covering solar and biomass, filed its draft IPO papers for up to 45.75 billion rupees (approximately $521 million). The offering includes a fresh issuance component of 37.5 billion rupees and an offer-for-sale of 8.25 billion rupees by an existing shareholder. The move comes amid increased investor interest in green-energy infrastructure and India’s push to expand renewable capacity ahead of 2030 climate targets.