For setting up captive hybrid renewable power project in Gujarat
AIA Engineering has executed share purchase agreement with Clean Max Enviro Energy Solutions (Promoter Shareholder) and Clean Max Meridius (CMPL) to acquire/ subscribe 2,600 equity shares of Rs 10 of CMPL for setting up a captive hybrid (solar & wind) power project in Gujarat.The company will also sign and execute energy supply agreement with Clean Max Meridius for supplying contracted hybrid (solar & wind) energy to the company as a captive user.
Pursuant to the above acquisition/subscription of shares, CMPL will become an associate of the company.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app