Chennai trader to invest INR 150 billion to manufacture waste-to-energy devices

Ram Charan's, the little-known Chennai-based chemicals trader is focused on developing end-of-life chemicals converting unsegregated waste into energy and manufacturing new-generation energy storage devices.
Ram Charan’s company is now investing INR 150 billion to set up two such manufacturing plants in Tamilnadu and Gujarat. While the Tamil Nadu unit will come up in the Rameshwaram district on a 70-acre land which will be acquired by the end of the month, the Gujarat plant will come on a similar sized plot in the Kutch district and the land for the same should be acquired by the end of the month or early next month.  Its waste-to-energy products and services are delivered under the brand name 'Entity One' and does not leave any residual waste
Ram Charan had announced a USD 4.14-billion investment from the New York-based impact fund TFCC International for an equity consideration of 46 per cent, valuing the company at around USD 9 billion and making it among the largest private equity investments in the country.