ALFA Filings
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Vardhman Textiles invested ₹24.46 Crore for a 31.2% stake in Renew Green (MPR Four) Private Limited. The investment supports a 19 MW wind-solar hybrid project.
Vardhman Textiles Limited has entered into an agreement to invest ₹24.29 Crore for a 31.2% stake in ReNew Green (MPR Four) Private Limited. The investment facilitates the setup of a 19 MW AC wind-solar hybrid power plant in Madhya Pradesh, which will exclusively supply captive power to the company.
Vardhman Textiles Limited will acquire a 31.2% stake in ReNew Green (MPR Four) Private Limited for ₹24.29 Crore. The investment in the renewable energy SPV is aimed at securing captive power consumption to comply with Indian electricity laws. The transaction will be completed in three tranches based on project milestones.
Vardhman Textiles Limited will acquire a 31.2% stake in ReNew Green (MPR Four) Private Limited for ₹24.29 Crore. The investment facilitates captive power procurement from a new 19 MW Wind-Solar Hybrid Power Plant in Madhya Pradesh, ensuring long-term renewable energy supply for the company's operations.