KKR is planning to invest some RM2.6 billion in the PETRONAS India renewable energy venture, The Economic Times reported on Monday, Oct 19. The report cites unidentified people familiar with the matter.
How Much Is KKR Investing in the PETRONAS India Renewable Energy Venture?
The planned amount is RM2.6 billion, directed at Gentari Renewable India Pte Ltd.
Does KKR Get Equity Now?
No. The capital injection will not translate into equity in Gentari for KKR. Instead, KKR gets an option to acquire a stake later.
What Did Gentari Renewable India Buy Before This Deal?
In May 2024, the unit bought a 185-megawatt operating solar portfolio from Fortum Corporation and partners. In March 2025, it acquired a 1.6-gigawatt solar and wind portfolio from Brookfield Asset Management for US$900 million (RM3.67 billion).
The Brookfield price alone is higher than the RM2.6 billion KKR plans to inject.
Why Does Gentari Need Growth Capital?
The Economic Times reported that Gentari Renewable India has been looking to raise growth capital. The money would fund expansion of its renewable and green hydrogen projects while lowering debt.
The report gives no debt or gearing figures, so the size of any debt reduction cannot yet be measured.
What Does PETRONAS Already Do in India?
- LNG supplies
- Petrochemicals
- Petroleum trading
- Automotive lubricants
PETRONAS also runs a 50:50 joint venture with Indian Oil Corporation on liquefied petroleum gas (LPG).
What Does This Deal Mean for Bursa Malaysia Investors?
The report names no Bursa-listed company, so no stock code is tied to this news. The source describes a capital injection into the subsidiary, not a payout to shareholders.
Key Takeaways
- KKR plans to invest some RM2.6 billion in Gentari Renewable India Pte Ltd, per The Economic Times.
- KKR gets no equity from the injection now and holds an option to acquire a stake later.
- Gentari is raising growth capital for renewable and green hydrogen projects and to lower debt.
- Gentari’s past deals: 185 MW from Fortum Corporation (May 2024) and 1.6 GW from Brookfield Asset Management (March 2025, US$900 million).
- The report names no Bursa-listed company in this deal.
This article is for information only and is not investment advice. Do your own research before making any decision on PETRONAS-linked or Bursa Malaysia stocks.
Frequently Asked Questions
Is KKR buying shares in Gentari Renewable India?
Not yet. KKR’s RM2.6 billion injection will not translate into equity in Gentari Renewable India Pte Ltd, and KKR will have an option to acquire a stake later.
How much is KKR investing in the PETRONAS India renewable energy venture?
KKR plans to invest some RM2.6 billion, according to The Economic Times, which cited unidentified people familiar with the matter. The money is directed at Gentari Renewable India Pte Ltd.
What did Gentari Renewable India acquire in 2024 and 2025?
In May 2024, it bought a 185-megawatt operating solar portfolio from Fortum Corporation and partners. In March 2025, it acquired a 1.6-gigawatt solar and wind portfolio from Brookfield Asset Management for US$900 million (RM3.67 billion).
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Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions.
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