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Home / Markets / Esab India Ltd / Announcements / BSE

Esab India Ltd

Equity Investment In A Special Purpose Vehicle (SPV) - Group Captive Consumption Of Renewable Energy

09:26 PM, 10th Aug 2023

Pursuant to Regulation 30 of the SEBI (LODR) Regulations 2015 we wish to inform you that the Company proposes to procure the electricity generated through wind source from a power generating company. In this connection the Company proposes to invest 26% of equity in a SPV which will generate and supply wind power to the Company.The Board of Directors at its meeting held on 10th August 2023 has approved an investment of Rs. 50 Lakhs in the said SPV.

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