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The Sanmar Group

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uuid0002ag4

Namestring
The Sanmar Group
Websiteurl
sanmargroup.com
Company typeenum
Private
Founded yearint
1972
Descriptiontext

The Sanmar Group is a privately held Indian diversified industrial conglomerate founded in 1972 and headquartered in Chennai, operating primarily in the chemicals sector. The group's core business is the production of polyvinyl chloride (PVC) at manufacturing facilities in Cuddalore, India and Port Said, Egypt, supported by long-term supply agreements for petrochemical feedstocks including ethylene dichloride (EDC) and vinyl chloride monomer (VCM). In November 2025, the company secured feedstock supply of over 350,000 tonnes per year for up to 10 years through agreements with UAE's TA'ZIZ Industrial Chemicals Zone, marking the first time these chemicals will be exported from the UAE.

The company also operates a specialty chemicals business through Cabot Sanmar Limited, a joint venture with US-based Cabot Corporation, which manufactures fumed silica for domestic Indian markets serving pharmaceuticals, chemicals, energy storage, and semiconductor applications. In April 2026, the joint venture announced a Rs 220 crore ($25 million) expansion of its Mettur, India facility with the new unit expected operational by late 2027, reflecting capacity additions to meet growing domestic demand in high-value specialty chemical segments.

Sanmar operates as a B2B industrial chemicals supplier, serving enterprise customers through long-term supply agreements and joint venture manufacturing arrangements. Its customer base spans PVC downstream manufacturers and specialty chemicals end-users, with revenue generated through long-term product sale agreements and JV-based manufacturing distribution. The group employs between 1001 and 5000 people across its tri-country manufacturing footprint in India, Egypt, and the UAE. In 2016, Fairfax India invested $300 million into the group, providing growth capital. The company is controlled by its founding family, with Vijay Sankar serving as Chairman.

Short descriptiontext

The Sanmar Group is an Indian diversified industrial conglomerate producing PVC at facilities in India and Egypt, and fumed silica through its Cabot Sanmar joint venture with Cabot Corporation. It serves enterprise customers across pharmaceuticals, chemicals, energy storage, and semiconductor applications via long-term supply agreements.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1,001–5,000
akta.pro rankint
HeadquartersChennai, India
HQ citystring
Chennai
HQ countrystring
India
HQ regionstring
Asia
Markets served

Serves global market

Offices3 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
PVC manufacturing, fumed silica production, petrochemical feedstocks, specialty chemicals, industrial chemicals
Industry3 codes
1PVC & Chlor-Vinyl Chain (Chlor-Alkali, EDC/VCM, PVC)
CodeIMAEADAFPrimaryYes
2PVC & Chlorinated Polymers
CodeIMAEANABPrimaryNo
3Chlor-Alkali & Derivatives
CodeIMAEAAACPrimaryNo
NAICS code3 codes
  • Chemical Manufacturing325
  • Petrochemical Manufacturing32511
  • Resin and Synthetic Rubber Manufacturing32521
SIC code3 codes
  • Plastic Material, Synth Resin/Rubber, Cellulos (No Glass)2820
  • Industrial Organic Chemicals2860
  • Chemicals & Allied Products2800
Product category
Petrochemicals & Specialty Chemicals Manufacturing
Social media profiles2 records
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model2 records
1Petrochemical Feedstock Supply
TypeTransaction Fee
Description

Long-term supply agreements for petrochemical feedstocks including ethylene dichloride (EDC) and vinyl chloride monomer (VCM) to support PVC production operations in India and Egypt. Products sourced from TA'ZIZ Industrial Chemicals Zone in Abu Dhabi.

indianchemicalnews.com
2Fumed Silica Manufacturing
TypeOne Time License
Description

Manufacturing and sale of fumed silica through Cabot Sanmar joint venture. Production serves domestic demand in India across pharmaceuticals, chemicals, energy storage, and semiconductor applications.

business-standard.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Core offering1 text field

The Sanmar Group is an Indian diversified industrial conglomerate that manufactures polyvinyl chloride (PVC) at production facilities in Cuddalore, India and Port Said, Egypt, supported by long-term supply agreements for ethylene dichloride (EDC) and vinyl chloride monomer (VCM) feedstocks from UAE's TA'ZIZ. Through its Cabot Sanmar joint venture with Cabot Corporation, the group also manufactures fumed silica at Mettur, India, serving pharmaceuticals, chemicals, energy storage, and semiconductor applications.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Supply of 350,000+ tonnes per year of EDC and VCM under long-term agreements up to 10 years
Product overview1 text field

The Sanmar Group is an Indian diversified industrial conglomerate operating primarily in the chemicals sector. The company operates through Cabot Sanmar, a joint venture producing fumed silica for pharmaceuticals, chemicals, energy storage, and semiconductor applications. Additionally, Sanmar operates PVC production facilities in Egypt (Port Said) and India (Cuddalore), with feedstocks including ethylene dichloride (EDC) and vinyl chloride monomer (VCM) sourced through long-term agreements with UAE's TA'ZIZ.

Product and service1 record
1Polyvinyl Chloride (PVC)
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-04-02
Description

Cabot Sanmar, a joint venture between US-based Cabot Corporation and The Sanmar Group, announced a Rs 220 crore ($25 million) expansion of its fumed silica manufacturing capacity in Mettur, India. The new unit is expected to be operational by late 2027 and aims to meet increasing domestic demand for fumed silica in pharmaceuticals, chemicals, energy storage, and semiconductor applications. The partnership demonstrates long-term manufacturing commitment to India's specialty chemicals sector.

Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2025-11-06
Description

TA'ZIZ signed two long-term product sale agreements with The Sanmar Group to supply over 350,000 tonnes per year of ethylene dichloride (EDC) and vinyl chloride monomer (VCM) for up to 10 years. Products manufactured at TA'ZIZ Chemicals Industrial Zone in Al Ruwais Industrial City, Abu Dhabi. This marks the first time either chemical will be exported from the UAE, supporting Sanmar's PVC production facilities in Egypt and India. The partnership reinforces UAE's Operation 300Bn industrial strategy and strengthens economic ties between UAE and India.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

India's largest integrated petrochemicals producer with significant PVC and chlor-alkali capacity, providing a domestic scale benchmark against Sanmar's chlor-vinyl operations.

TypeDirect peer
Description

India-based manufacturer of PVC, chlor-alkali and basic chemicals, directly comparable to Sanmar's PVC production operations in India.

TypeBroad incumbent
Description

Global integrated chemicals major with significant PVC, chlor-alkali and EDC/VCM operations, providing a global benchmark for chlor-vinyl economics and scale.

TypeDirect peer
Description

Global specialty chemicals producer with a leading fumed silica (AEROSIL) franchise, the most direct global comparator to Cabot Sanmar's fumed silica business.

TypeEmerging player
Description

US-based global leader in fumed silica (and Sanmar's JV partner in Cabot Sanmar), serving the same pharmaceuticals, energy storage and specialty chemical end markets.

TypeBroad incumbent
Description

Global integrated PVC and chlor-vinyl producer with significant North American and Asian footprint, a key global benchmark for Sanmar's PVC business model and scale.

TypeDirect peer
Description

Indian listed PVC, chlorochemicals and specialty chemicals producer, historically part of the broader Sanmar group ecosystem, and the closest publicly traded PVC/EDC/VCM comparator in India.

TypeDirect peer
Description

Major Indian PVC resin and pipe manufacturer with captive upstream operations, competing in the same end markets as Sanmar's PVC business.

TypeBroad incumbent
Description

One of the largest North American PVC and chlor-alkali producers, with integrated EDC/VCM/PVC operations comparable in structure to Sanmar's chlor-vinyl chain.

TypeBroad incumbent
Description

Global PVC and chlor-alkali producer with integrated VCM/PVC operations across Asia and the US, a large-scale peer for Sanmar's chlor-vinyl chain.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds2 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors1 record

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

The Sanmar Group

Petrochemicals & Specialty Chemicals Manufacturingsanmargroup.com

The Sanmar Group is an Indian diversified industrial conglomerate producing PVC at facilities in India and Egypt, and fumed silica through its Cabot Sanmar joint venture with Cabot Corporation. It serves enterprise customers across pharmaceuticals, chemicals, energy storage, and semiconductor applications via long-term supply agreements.

What The Sanmar Group does

The Sanmar Group is a privately held Indian diversified industrial conglomerate founded in 1972 and headquartered in Chennai, operating primarily in the chemicals sector. The group's core business is the production of polyvinyl chloride (PVC) at manufacturing facilities in Cuddalore, India and Port Said, Egypt, supported by long-term supply agreements for petrochemical feedstocks including ethylene dichloride (EDC) and vinyl chloride monomer (VCM). In November 2025, the company secured feedstock supply of over 350,000 tonnes per year for up to 10 years through agreements with UAE's TA'ZIZ Industrial Chemicals Zone, marking the first time these chemicals will be exported from the UAE.

The company also operates a specialty chemicals business through Cabot Sanmar Limited, a joint venture with US-based Cabot Corporation, which manufactures fumed silica for domestic Indian markets serving pharmaceuticals, chemicals, energy storage, and semiconductor applications. In April 2026, the joint venture announced a Rs 220 crore ($25 million) expansion of its Mettur, India facility with the new unit expected operational by late 2027, reflecting capacity additions to meet growing domestic demand in high-value specialty chemical segments.

Sanmar operates as a B2B industrial chemicals supplier, serving enterprise customers through long-term supply agreements and joint venture manufacturing arrangements. Its customer base spans PVC downstream manufacturers and specialty chemicals end-users, with revenue generated through long-term product sale agreements and JV-based manufacturing distribution. The group employs between 1001 and 5000 people across its tri-country manufacturing footprint in India, Egypt, and the UAE. In 2016, Fairfax India invested $300 million into the group, providing growth capital. The company is controlled by its founding family, with Vijay Sankar serving as Chairman.

The Sanmar Group firmographics

Firmographics
Name
The Sanmar Group
Website
https://sanmargroup.com
Company type
Private
Founded year
1972
Operating status
Operating
Headcount range
1,001–5,000 employees
Short description
The Sanmar Group is an Indian diversified industrial conglomerate producing PVC at facilities in India and Egypt, and fumed silica through its Cabot Sanmar joint venture with Cabot Corporation. It serves enterprise customers across pharmaceuticals, chemicals, energy storage, and semiconductor applications via long-term supply agreements.
Ownership category
akta.pro rank

The Sanmar Group industry classification

Industry
Product category
Petrochemicals & Specialty Chemicals Manufacturing
NAICS
Chemical Manufacturing (325), Petrochemical Manufacturing (32511), Resin and Synthetic Rubber Manufacturing (32521)
SIC
Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)
akta.pro primary industry
PVC & Chlor-Vinyl Chain (Chlor-Alkali, EDC/VCM, PVC) (IMAEADAF)
akta.pro secondary industries
PVC & Chlorinated Polymers (IMAEANAB), Chlor-Alkali & Derivatives (IMAEAAAC)

Keywords

  • PVC manufacturing
  • Fumed silica production
  • Petrochemical feedstocks
  • Specialty chemicals
  • Industrial chemicals

Where The Sanmar Group is headquartered

Location

Headquarters

HQ city
Chennai
HQ country
India
HQ region
Asia

Offices3 records

Markets served

The Sanmar Group business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D

Revenue model

  1. Petrochemical Feedstock Supply: Long-term supply agreements for petrochemical feedstocks including ethylene dichloride (EDC) and vinyl chloride monomer (VCM) to support PVC production operations in India and Egypt. Products sourced from TA'ZIZ Industrial Chemicals Zone in Abu Dhabi.
  2. Fumed Silica Manufacturing: Manufacturing and sale of fumed silica through Cabot Sanmar joint venture. Production serves domestic demand in India across pharmaceuticals, chemicals, energy storage, and semiconductor applications.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

The Sanmar Group product offering

Product offering

Core offering

The Sanmar Group is an Indian diversified industrial conglomerate that manufactures polyvinyl chloride (PVC) at production facilities in Cuddalore, India and Port Said, Egypt, supported by long-term supply agreements for ethylene dichloride (EDC) and vinyl chloride monomer (VCM) feedstocks from UAE's TA'ZIZ. Through its Cabot Sanmar joint venture with Cabot Corporation, the group also manufactures fumed silica at Mettur, India, serving pharmaceuticals, chemicals, energy storage, and semiconductor applications.

Product overview

The Sanmar Group is an Indian diversified industrial conglomerate operating primarily in the chemicals sector. The company operates through Cabot Sanmar, a joint venture producing fumed silica for pharmaceuticals, chemicals, energy storage, and semiconductor applications. Additionally, Sanmar operates PVC production facilities in Egypt (Port Said) and India (Cuddalore), with feedstocks including ethylene dichloride (EDC) and vinyl chloride monomer (VCM) sourced through long-term agreements with UAE's TA'ZIZ.

Differentiator

Problem solved

Functional benefit

Products and services

  • Polyvinyl Chloride (PVC)

Quantifiable outcome

  • Supply of 350,000+ tonnes per year of EDC and VCM under long-term agreements up to 10 years

Companies that use The Sanmar Group

Customer profile

Segments1 record

Ideal customer profiles2 records

The Sanmar Group technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

The Sanmar Group partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core.

  • Cabot CorporationcoreStrategic or Co-development Partner · 2 April 2026Cabot Sanmar, a joint venture between US-based Cabot Corporation and The Sanmar Group, announced a Rs 220 crore ($25 million) expansion of its fumed silica manufacturing capacity in Mettur, India. The new unit is expected to be operational by late 2027 and aims to meet increasing domestic demand for fumed silica in pharmaceuticals, chemicals, energy storage, and semiconductor applications. The partnership demonstrates long-term manufacturing commitment to India's specialty chemicals sector.
  • TA'ZIZcoreStrategic or Co-development Partner · 6 November 2025TA'ZIZ signed two long-term product sale agreements with The Sanmar Group to supply over 350,000 tonnes per year of ethylene dichloride (EDC) and vinyl chloride monomer (VCM) for up to 10 years. Products manufactured at TA'ZIZ Chemicals Industrial Zone in Al Ruwais Industrial City, Abu Dhabi. This marks the first time either chemical will be exported from the UAE, supporting Sanmar's PVC production facilities in Egypt and India. The partnership reinforces UAE's Operation 300Bn industrial strategy and strengthens economic ties between UAE and India.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

The Sanmar Group competitors and assessment

Company assessment

Broad incumbents

  • Reliance Industries: India's largest integrated petrochemicals producer with significant PVC and chlor-alkali capacity, providing a domestic scale benchmark against Sanmar's chlor-vinyl operations.
  • INEOS Group: Global integrated chemicals major with significant PVC, chlor-alkali and EDC/VCM operations, providing a global benchmark for chlor-vinyl economics and scale.
  • Westlake Corporation: Global integrated PVC and chlor-vinyl producer with significant North American and Asian footprint, a key global benchmark for Sanmar's PVC business model and scale.
  • OxyChem (Occidental Petroleum): One of the largest North American PVC and chlor-alkali producers, with integrated EDC/VCM/PVC operations comparable in structure to Sanmar's chlor-vinyl chain.
  • Formosa Plastics Corporation: Global PVC and chlor-alkali producer with integrated VCM/PVC operations across Asia and the US, a large-scale peer for Sanmar's chlor-vinyl chain.

Direct peers

  • DCW Limited: India-based manufacturer of PVC, chlor-alkali and basic chemicals, directly comparable to Sanmar's PVC production operations in India.
  • Evonik Industries: Global specialty chemicals producer with a leading fumed silica (AEROSIL) franchise, the most direct global comparator to Cabot Sanmar's fumed silica business.
  • Chemplast Sanmar: Indian listed PVC, chlorochemicals and specialty chemicals producer, historically part of the broader Sanmar group ecosystem, and the closest publicly traded PVC/EDC/VCM comparator in India.
  • Finolex Industries: Major Indian PVC resin and pipe manufacturer with captive upstream operations, competing in the same end markets as Sanmar's PVC business.

Emerging players

  • Cabot Corporation: US-based global leader in fumed silica (and Sanmar's JV partner in Cabot Sanmar), serving the same pharmaceuticals, energy storage and specialty chemical end markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

The Sanmar Group social profiles

Digital presence

The Sanmar Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

The Sanmar Group leadership team

Management profile

Number of profiles

Profiles1 record

The Sanmar Group subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

The Sanmar Group funding detail

Funding detail

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

The Sanmar Group M&A and investment

M&A and investment

M&A1 record

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about The Sanmar Group

What does The Sanmar Group do?

The Sanmar Group is an Indian diversified industrial conglomerate that manufactures polyvinyl chloride (PVC) at production facilities in Cuddalore, India and Port Said, Egypt, supported by long-term supply agreements for ethylene dichloride (EDC) and vinyl chloride monomer (VCM) feedstocks from UAE's TA'ZIZ. Through its Cabot Sanmar joint venture with Cabot Corporation, the group also manufactures fumed silica at Mettur, India, serving pharmaceuticals, chemicals, energy storage, and semiconductor applications.

Is The Sanmar Group a public or private company?

The Sanmar Group is a private company. It is classified as family owned and is currently operating.

When was The Sanmar Group founded?

The Sanmar Group was founded in 1972. It employs 1,001 to 5,000 people.

Where is The Sanmar Group based?

The Sanmar Group is headquartered in Chennai, India, in the Asia region.

How does The Sanmar Group make money?

Two revenue lines are on record. Petrochemical Feedstock Supply is the primary driver. The others are fumed Silica Manufacturing.

Who are The Sanmar Group's main competitors?

Broad incumbents on record are Reliance Industries, INEOS Group, Westlake Corporation, OxyChem (Occidental Petroleum) and Formosa Plastics Corporation. Direct peers are DCW Limited, Evonik Industries, Chemplast Sanmar and Finolex Industries. Cabot Corporation is listed as an emerging player.

Does The Sanmar Group have an API?

No public API is recorded for The Sanmar Group.

What industry is The Sanmar Group in?

The Sanmar Group's product category is Petrochemicals & Specialty Chemicals Manufacturing. Its primary akta.pro industry code is IMAEADAF, PVC & Chlor-Vinyl Chain (Chlor-Alkali, EDC/VCM, PVC), with a secondary code of IMAEANAB, PVC & Chlorinated Polymers. Its NAICS code is 325 and its SIC code is 2820.

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Live signals
The TribuneAltEons Energy Raises Investment from the Sanmar Group to Accelerate Development of 1.5 GW+ Round-the-Clock Renewable Energy Portfolio in IndiaAltEons Energy received a strategic investment from The Sanmar Group to develop over 1.5 GW of renewable energy projects in India. The investment supports a 210 MW hybrid pipeline in Maharashtra and an additional 800 MW by year-end. The projects aim to provide round-the-clock clean power to corporate and industrial customers.The TribuneAltEons Energy Raises Investment from the Sanmar Group to Accelerate Development of 1.5 GW+ Round-the-Clock Renewable Energy Portfolio in IndiaAltEons Energy received a strategic investment from The Sanmar Group to develop over 1.5 GW of renewable energy projects in India. The investment supports a 210 MW hybrid pipeline in Maharashtra and an additional 800 MW by year-end. The partnership aims to provide round-the-clock clean power to corporate and industrial customers.Ani NewsAltEons Energy Raises Investment from the Sanmar Group to Accelerate Development of 1.5 GW+ Round-the-Clock Renewable Energy Portfolio in IndiaAltEons Energy received a strategic investment from The Sanmar Group to develop over 1.5 GW of renewable energy projects in India. The investment supports a 210 MW hybrid pipeline in Maharashtra and an additional 800 MW by year-end. The company aims to provide round-the-clock clean power to corporate and industrial customers.Construction WorldAltEons Energy Secures Sanmar Investment For One Point Five GW RTCAltEons Energy received a strategic investment from The Sanmar Group to develop 1.5 GW of round-the-clock renewable energy projects in India. The funding supports a platform combining solar, wind, and battery storage for corporate customers. AltEons plans to add 800 MW of projects by end of 2026.Renewable WatchAlTeons Energy secures investment from Sanmar GroupSanmar Group acquired a majority stake in AlTeons Energy, making it a subsidiary. The investment supports AlTeons' plan to develop over 1.5 GW of renewable energy projects in India for corporate and industrial customers. AlTeons currently has a 210 MW hybrid portfolio under construction in Maharashtra and expects an additional 800 MW pipeline by year-end.Power TechnologySanmar Group acquires majority stake in AltEons EnergySanmar Group acquired a majority stake in AltEons Energy, investing an undisclosed sum to support over 1.5GW of renewable projects in India. The collaboration targets corporate and industrial customers, with a 210MW hybrid project under construction in Maharashtra. AltEons aims to secure an 800MW pipeline by end of 2026 and build 5GW within three years.The Times of IndiaSanmar Group invests in renewable energy platform AltEonsSanmar Group made an undisclosed investment in renewable energy platform AltEons Energy to support development of over 1.5 GW of round-the-clock renewable power projects for industrial and corporate customers. AltEons currently has a 210 MW hybrid project under construction in Maharashtra and plans to add 800 MW by year-end.BusinessLineAltEons raises strategic investment from Sanmar GroupAltEons Energy raised an undisclosed investment from Sanmar Group in return for a majority stake. The capital will support development of over 1.5 GW of renewable energy projects in India, with a target of 800 MW pipeline by year-end. The company is working on a 210 MW hybrid portfolio in Maharashtra.The Times of IndiaSanmar Group picks majority stake in Hyderabad-based AltEons EnergySanmar Group acquired a majority stake in AltEons Energy, a Hyderabad-based renewable developer. The investment will fund AltEons' 210 MW wind-solar-battery hybrid project in Maharashtra, with a pipeline of about 750 MW and an expected 1.5 GW visibility over three years. AltEons plans to add 800 MW to its pipeline by year-end.YahooSanmar Group acquires majority stake in AltEons EnergySanmar Group acquired a majority stake in AltEons Energy, investing an undisclosed sum to develop over 1.5GW of renewable projects in India. The company aims to secure an 800MW pipeline by end of 2026 and build 5GW within three years.