Investment1 Feb 2025, 11:29 pm
Bhageria Industries Infuses Rs. 140 Cr. in Wholly Owned Subsidiary for Solar Power Generation
AI Summary
Bhageria Industries Ltd. has approved a fund infusion of Rs. 140 Cr. in its wholly owned subsidiary, Rahuri Cleantech Private Limited, for the establishment of solar photovoltaic power generating stations with an aggregate capacity of 32 MW(AC). The fund infusion will be made through an Inter Corporate Loan of Rs. 40 Cr. and a Corporate Guarantee of Rs. 100 Cr. under the Mukhyamantri Saur Krushi Vahini Yojana 2.0. The disclosure details will be submitted to the Exchanges upon execution of the Agreement.
Key Highlights
- Bhageria Industries to infuse Rs. 140 Cr. in its wholly owned subsidiary, Rahuri Cleantech Private Limited
- Fund infusion to be made through Inter Corporate Loan and Corporate Guarantee
- For the establishment of solar photovoltaic power generating stations with a capacity of 32 MW(AC)
- Under the Mukhyamantri Saur Krushi Vahini Yojana 2.0
- Disclosure details to be submitted to the Exchanges upon execution of the Agreement