Investment25 Jun 2026, 06:50 pm
Aurobindo Pharma Invests ₹52 Lakhs in Swarnaakshu Solar
AI Summary
Aurobindo Pharma Ltd has completed an initial investment of ₹52 lakhs in Swarnaakshu Solar Power Private Limited, acquiring 26% of its equity share capital. This move is part of a power purchase agreement under the Government of Telangana's captive power policy. The company plans further investments up to ₹10.40 crores, dependent on the solar project's progress. This strategic investment aims to secure solar power for captive consumption.
Key Highlights
- Aurobindo Pharma acquired 26% equity in Swarnaakshu Solar for ₹52 lakhs.
- Investment is for solar power purchase under Telangana's captive power policy.
- Total planned investment is up to ₹10.40 crores.
- Further investment depends on project progress and fund needs.
Price Impact
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