ALFA Filings
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Carborundum Universal completed a ₹6.48 Crore investment for a 29.58% stake in Putrim Renewables. This strategic acquisition follows an earlier power purchase agreement execution.
Carborundum Universal Limited is acquiring a 29.58% stake in Putrim Renewables Private Limited for ₹6.48 Crore. The investment aims to secure green solar power for the company's Tamil Nadu manufacturing facilities, aligning with its sustainability goals to reduce its carbon footprint.
Carborundum Universal Limited is acquiring a 29.58% stake in Putrim Renewables Private Limited for ₹6.48 Crore. This strategic investment, alongside a Power Purchase Agreement for 18 MWp of solar power, supports the company's ESG strategy to increase green power consumption at its Tamil Nadu manufacturing facilities.