Also enters into power purchase agreement with Renew Surya UdayGrasim Industries has executed a share purchase subscription
and shareholders' agreement with Renew Green Energy Solutions (Promoter) & Renew Surya Uday (Power Producer) and Power Purchase Agreement with Renew Surya Uday (Power Producer).
The purpose of entering into the agreement is to operate and maintain
17.6 MW Wind-Solar Hybrid power plant in the State of Gujarat wherein the power generated will be supplied exclusively to Grasim under the Captive Rules. The Project will be operated by Renew
Surya Uday (Power Producer).
Total Capital of the Company, initially, will be Rs. 58.89 crore which will be contributed by Grasim Rs.15.31 crore (26%) and by the Renew
Green Energy Solutions Rs. 43.58 crore (74%) in phases.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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