Orington & Partners Announces Strategic Partnership with Meliora; Launches Energy and Mining Vertical

Subham Kumar

Nov 8, 2024 — 3 min read

Orington & Partners teams up with Meliora Advisory to seize the booming $42 billion renewables market in India by 2032. This powerful alliance aims to accelerate growth and innovation in energy and mining, driving India toward its ambitious 500 GW renewable energy target.

Orington & Partners, an Australian-headquartered international firm specializing in investment banking, management consulting, restructuring, and corporate advisory services, announces an exclusive strategic partnership with Meliora Advisory, a consulting, investment advisory, and technology commercialization firm, to expand their combined presence across global markets, with a focus on the energy and mining sector.

Meliora, headquartered in Bengaluru, India, is a consulting firm with having group of seasoned professionals with deep expertise in investment advisory, technology commercialization, and industrial sector consulting. The firm's core leadership team comprises Raaj Kumar, who has served as CEO of GMR Energy and JSW Energy in his past roles. The team is also led by A. Subba Rao, and Rohit Laumas, bringing significant industry experience to the partnership.

In the last 12 months, the renewables sector in India witnessed mergers and acquisitions activity to the tune of $3 billion, with both strategic and financial investors being active. India's distinct green energy journey involves major investments in the next decade, with potential in areas such as power transmission and distribution, renewables and storage, and electric transportation.

Speaking on the partnership, Kashish Grover, Managing Partner & CEO of Orington & Partners said, “Meliora's team comprises exceptional professionals with extensive experience and deep expertise in the energy and mining sectors. As India continues to emerge as a high-growth market with a substantial demand for energy, we believe that as a team we can make a significant contribution to the industry. This partnership will help us unlock new doors to opportunities, and together, we will be stronger in making a meaningful impact on the market, driving growth, and delivering innovative solutions to meet evolving industry needs.”

Executive Chair of Orington & Partners, Wei-Khing Seow said, “We are very excited about this partnership with Meliora, as it will not only enhance our capabilities in the energy and mining sector but also strengthen the India-Australia relationship. This collaboration allows us to tap into our extensive network across geographies and explore synergies to deliver exceptional value to clients. We are extremely bullish on this opportunity and look forward to making a meaningful impact, and fostering innovation across the industry.”

Senior Partner – Energy & Mining, Mr. Raaj Kumar said, “The Meliora team is very excited about the partnership with Orington & Partners. Both teams share common core values of integrity, professionalism, and collaboration. This partnership makes the O&P-Meliora combine well-equipped to address client needs in today's dynamic and challenging business environment. Our shared expertise and experience in consulting, investment advisory, and technology commercialization will act as a "force multiplier" to serve clients across global frontiers”

India’s renewable energy sector is on a strong growth trajectory, with installed capacity expected to rise from 135 GW in December 2023 to 170 GW by March 2025. As the country pushes towards its 500 GW target by 2030, the sector is buzzing with billions worth of mergers, acquisitions, and fundraising activities. The O&P-Meliora partnership is strategically positioned to seize these opportunities, leveraging our expertise to drive investments and innovation in this high-growth market.

Australia and India are deepening ties in the energy and mining sectors, supported by new agreements. Australia’s rich natural resources and advanced technologies align with India’s growing demand, creating immense potential for collaboration. Australian modular solar pioneer 5B has partnered with Waaree Renewable Technologies to build a giga-scale production facility in India, enhancing its global market access while supporting efforts to diversify supply chains away from China. The O&P-Meliora partnership aims to leverage such developments, positioning us to capitalize on India’s growing role in global renewable energy supply chains and drive impactful solutions in the sector.

About Orington & Partners

Orington & Partners (“O&P”) is an Australian headquartered, international firm specialising in management consulting, business development, restructuring and corporate advisory services. In India, it also provides investment banking and capital raising services. Under business development, O&P helps emerging businesses by building channel partnerships and forging strategic alliances for them to expand domestically and in the international markets. It services clients and partners across the globe including Australia, the US, India, UAE, Singapore, and the UK. For more information, please visit: orington.com