Aarti Industries acquires 49% stake in 16.50 MW renewable energy project SPV

Image
Last Updated : Jan 30 2025 | 8:04 PM IST
Aarti Industries has entered into a Share Purchase Agreement with 'Clean Max Enviro Energy Solutions' and 'Clean Max Indus'. This transaction entails acquisition of 49% Equity Shares / Voting Rights by the Company in 'Clean Max Indus' - a SPV formed to set up a 16.50 MW Wind - Solar hybrid power project to cater the Company's power requirement.

This is in line with the Company's commitment towards procuring power through renewable resources. The delivery of renewable power is expected to start by / before H1/FY26-27. This will support the Company in reducing its power costs.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jan 30 2025 | 7:55 PM IST

Next Story