The Guernsey-based firm, which is controlled jointly by Indian industrial conglomerate Caparo and Finnish engine maker Wartsila, floated 26.7% of its equity, giving it a market capitalization of £188.2m.
Caparo Energy intends to become a leading independent power producer in India by acquiring and building 5GW of wind projects between now and 2017.
For the first phase of its development it has inked a deal with Suzlon, which will help it identify prime sites for wind farms and supply turbines totaling 3GW.
It
