Investment25 Jun 2025, 08:21 pm
Carborundum Universal Invests INR 7.96 Crores in Grian Energy for 4.19% Stake
AI Summary
Carborundum Universal Ltd. has invested INR 7.96 crores in Grian Energy Private Limited (GEPL) for a 4.19% stake. This investment is part of a Share Subscription and Shareholders’ Agreement with M/s. Amplus Energy Solutions PTE Limited, Singapore and GEPL. The investment provides access to the contracted capacity of around 10 MW in GEPL's Captive Power Plant and is for the captive consumption of solar power generated by GEPL. This move aligns with Carborundum's commitment to green energy and sustainable practices.
Key Highlights
- Carborundum Universal invests INR 7.96 crores in Grian Energy Private Limited
- Investment for a 4.19% stake in Grian Energy
- Part of a Share Subscription and Shareholders’ Agreement with Amplus Energy Solutions and Grian Energy
- Access to contracted capacity of around 10 MW in Grian Energy's Captive Power Plant
- Investment for captive consumption of solar power generated by Grian Energy