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Ram Charan bags $700-mn deal from Azerbaijan firm for waste-to-energy tech

The company said it will build, operate and transfer these high quality waste management units in the developing industrial areas of Azerbaijan

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Shine Jacob Chennai
Chennai-based Ram Charan Co has bagged a $700-million deal to supply waste management units to Kafkans Finanz LLC, based in Baku in Azerbaijan. The company will supply and set up waste management units from December 2022, in the industrial areas around Baku in Azerbaijan.

In early December, the company had surprised many by announcing a $4.14-billion investment from the US-based fund TFCC International for 46 per cent equity in Ram Charan. Later on December 5, it signed a deal worth $2.2 billion with Ghana-based Masri Company Ltd to supply its waste-to-energy units to generate about 300 mega watt (MW) of

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