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ENERGY & UTILITIES | Renewables / Solar
kanoda.com

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Founded Year

2009

Stage

Corporate Majority | Acquired

Valuation

$0000 

About Kanoda Energy Systems

Kanoda Energy Systems is a technology renewable energy solution provider company.

Kanoda Energy Systems Headquarter Location

501 Sheraton House Opp. Ketav Petrol Pump Polytechnic Road Ambawadi

Ahmedabad, 380015,

India

Latest Kanoda Energy Systems News

Reliance to Buy Majority Stake in Renewable Energy Services Firm Kanoda

Jan 3, 2019

has now decided to buy 88% shares in the Ahmadabad-based renewable energy services firm Kanoda Energy Systems Pvt. Ltd. for Rs 75 crore in an all-cash deal. Reliance Industrial Investments and Holdings Ltd. is a wholly-owned subsidiary of the Mukesh Ambani-led Reliance Industries Ltd. According to a report by the RIL, once completed, the said investment will translate into 88% equity stake in the KESL on a fully-diluted basis. The investment is expected to be completed by March 2020. Founded by Dr. Kinjal Jani in the year 2009, Kanoda is a renewable energy services firm that basically provides innovation and technology-driven renewable energy solutions. The firm has been providing services in the solar advisory, technology validation, and product design category. Recently, it has entered into engineering

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