Disposal group held for sale and disposal of subsidiaries

12 Months Ended

Mar. 31, 2025

Disclosure of Disposal Groups Classified as Held For Sale [Abstract]

Disposal group held for sale and disposal of subsidiaries

36.

Disposal group held for sale and disposal of subsidiaries

(i)

For the year ended March 31, 2025

On December 19, 2024, the Group through its subsidiary, ReNew Private Limited (RPL) entered into a Share Purchase and Shareholder Agreement (SPSA) with Anzen India Energy Yield Plus Trust ('Buyer') for the sale of 'ReNew Sun Waves Private

Limited, a wholly owned subsidiary of the Group having project capacity of 300 MW solar power located in Jaisalmer district of Rajasthan. The total sale consideration on account of above transactions was INR 5,196 against net assets of INR 2,125 which resulted in a gain of INR 3,071. The transaction was completed on March 7, 2025 wherein the entire control in the entity was transfered to the Buyer.

Assets and liabilities of the entity sold at the date of disposal


Particulars		Amount
Assets
Property, plant and equipment			11,877
Bank balances other than cash and cash equivalents			307
Right of use assets			200
Cash and cash equivalents			409
Trade receivables			179
Other assets			433
Total assets	(a)		13,405

Liabilities
Interest-bearing loans and borrowings			9,854
Short term borrowings			849
Lease liabilities			207
Provisions			61
Trade payables			21
Other liabilities			288
Total liabilities	(b)		11,280

Net assets sold	(c) = (a) - (b)		2,125
Sales consideration	(d)		5,196
Gain on sale	(d) - (c)		3,071

Consideration satisfied by:
Cash and cash equivalents			5,196

The results of the subsidiary sold included in the consolidated statement of profit or loss were as follows:


	For the year ended March 31,
	2025		2024

Income		1,899		1,717
Expenses		1,567		1,461
Profit before tax		332		256
Income tax expense		99		66
Profit after tax		233		190

Impact on consolidated statement of cash flows

During the year ended March 31, 2025, the aforesaid subsidiary contributed INR 1,570 (March 31, 2024: INR 1,722) to the Group's net operating cash flows, generated INR 791 (March 31, 2024: used cashflows of INR 920) towards investing activities and used cashflows of INR 1,962 (March 31, 2024: INR 929) towards financing activities.

On December 30, 2023, the Group through its subsidiary Regent Climate Connect Knowledge Solutions Private Limited entered into a Share Purchase Agreement with Nitin Tanwar & Sanand Sule ('Buyers') for the sale of Climate Connect Digital Limited, a wholly owned subsidiary of the Group which is in the business of providing data-driven decarbonization solutions located in United Kingdom. The total sale consideration for sale was INR 4 against net assets of (INR 13) which resulted in a gain of INR 17. The transaction was consummated on June 21, 2024 wherein the control in the entity was transfered to Buyer.

Assets and liabilities of the entity sold at the date of disposal


Particulars		Amount
Assets
Cash and cash equivalents			14
Trade receivables			11
Other assets			12
Total assets	(a)		37

Liabilities
Trade payables			50
Total liabilities	(b)		50

Net assets sold	(c) = (a) - (b)		(13	)
Sales consideration	(d)		4
Gain on sale	(d) - (c)		17

Consideration satisfied by:
Cash and cash equivalents			4

The results of the subsidiary sold included in the consolidated statement of profit or loss were as follows:


	For the year ended March 31,
	2025			2024
Income		0			16
Expenses		15			51
Loss before tax		(15	)		(36	)
Income tax expense		—			(36	)
Loss after tax		(15	)		—

Impact on consolidated statement of cash flows

During the year ended March 31, 2025 and 2024, the aforesaid subsidiary contributed immaterial numbers to the cashflows for the Group.

On March 19, 2025 , the Group has entered into a Share Purchase Agreement with 50 Hertz Limited ('Buyer') for the sale of entire stake in its subsidiary "Regent Climate Connect Knowledge Solutions Private Limited" for a consideration of INR 57. Accordingly, the assets and liabilitties of INR 95 and INR 41 have been classified as "Asset held for sale" and "liabilities held for sale", respectively.

Subsequently, the sale transaction was completed on April 22, 2025 wherein the entire control in the entity was transfered to the Buyer.

Investments in 3E NV of INR 3,868 have been included under "Assets held for sale" as described under Note 51(a)(i).

(ii)

For the year ended March 31, 2024

On January 8, 2024, the Group through its subsidiary ReNew Solar Power Private Limited (RSPPL) entered into a Share Purchase and Shareholder Agreement (SPSA) with Axis Trustee Services Limited and Indigrid Investment Managers Limited for the sale of ReNew Solar Urja Private Limited (Solar Urja), a wholly owned subsidiary of the Group having project capacity of 300 MW solar power located in Jaisalmer district of Rajasthan. The total sale consideration on account of above transactions was INR 5,283 against net assets of INR 1,945 which resulted in a gain of INR 3,338. The transaction was completed on February 23, 2024 wherein the entire control in the entity was transfered to Indigrid ('Buyer').

Assets and liabilities of the entity sold at the date of disposal


Particulars		Amount
Assets
Property, plant and equipment			12,183
Bank balances other than cash and cash equivalents			999
Right of use assets			268
Cash and cash equivalents			1,229
Trade receivables			118
Other assets			1,226
Total assets	(a)		16,023

Liabilities
Interest-bearing loans and borrowings			13,235
Lease liabilities			199
Provisions			113
Trade payables			32
Other liabilities			499
Total liabilities	(b)		14,078

Net assets sold	(c) = (a) - (b)		1,945
Sales consideration	(d)		5,283
Gain on sale	(d) - (c)		3,338

Consideration satisfied by:
Cash and cash equivalents			5,283

The results of the subsidiary sold included in the consolidated statement of profit or loss were as follows:


	For the year ended March 31,
	2024			2023
Income		1,816			2,255
Expenses		(1,577	)		(1,698	)
Profit before tax		239			557
Income tax expense		(74	)		(357	)
Profit after tax		165			200

Impact on consolidated statement of cash flows

During the year ended March 31, 2024, the aforesaid subsidiary contributed INR 1,468 (March 31, 2023: INR 1,956) to the Group's net operating cash flows, INR 491 (March 31, 2023: used cashflows of INR 1,695) towards investing activities and used cashflows INR 891 (March 31, 2023: INR 271) towards financing activities.

On April 24, 2023, the Group through its subsidiary ReNew Solar Power Private Limited (RSPPL) entered into a Share Purchase Agreement with JLT Energy 9 for the sale of entities stated below. Each of the below mentioned subsidiary had a capacity of 20MW and carried out business of solar power projects. The total sale consideration on account of above transactions was INR 1,801 against net assets of INR 1,480 which resulted in a gain of INR 321. Date of loss of control for following entities are as follows:


Name of subsidiary		Date of loss of control
Vivasvat Solar Energy Private Limited		August 11, 2023
Izra Solar Energy Private Limited		September 21, 2023
Abha Sunlight Private Limited		September 27, 2023
Nokor Bhoomi Private Limited		September 27, 2023
Nokor Solar Energy Private Limited		October 12, 2023

Assets and liabilities of entities sold at the date of disposal


Particulars		Amount
Assets
Property, plant and equipment			4,565
Bank balances other than cash and cash equivalents			192
Right of use assets			151
Cash and cash equivalents			114
Trade receivables			143
Other assets			63
Total assets	(a)		5,228

Liabilities
Interest-bearing loans and borrowings			3,521
Lease liabilities			133
Provisions			37
Trade payables			24
Other liabilities			33
Total liabilities	(b)		3,748

Net assets sold	(c) = (a) - (b)		1,480
Sales consideration	(d)		1,801
Gain on sale	(d) - (c)		321

Consideration satisfied by:
Cash and cash equivalents			1,801

The results of subsidiaries sold included in the consolidated statement of profit or loss were as follows:


	For the year ended March 31,
	2024			2023
Income		380			722
Expenses		(1,061	)		(543	)
(Loss)/ profit before tax		(682	)		179
Income tax expense		174			(30	)
(Loss)/ profit after tax		(508	)		149

Impact on consolidated statement of cash flows

During the year ended March 31, 2024, the subsidiaries sold used INR 564 (March 31, 2023: generated INR 720) to the Group's net operating cash flows, contributed INR 1,909 (March 31, 2023: used cashflows of INR 370) in respect of investing activities and used INR 1,281 (March 31, 2023: used cashflows of INR 537) in respect of financing activities.

Net cash inflow arising on disposal

Consideration received in cash and cash equivalents

Less: cash and cash equivalents disposed