Investment19 Aug 2025, 08:12 pm
CCL Products (India) Ltd to Acquire 26% Stake in Mukkonda Renewables for Rs. 9,57,48,000
AI Summary
CCL Products (India) Ltd has entered into an agreement to acquire a 26% stake in M/s. Mukkonda Renewables Private Limited, a subsidiary company promoted by M/s. Ecoren Energy India Private Limited. The investment of Rs. 9,57,48,000 will enable the Company to access approximately 7.9 MW of renewable wind and solar energy. This acquisition will result in lower electricity costs and ensure a reliable green power supply, thereby promoting sustainable ESG.
Key Highlights
- CCL Products (India) Ltd to invest Rs. 9,57,48,000 in Mukkonda Renewables
- Investment will enable access to approximately 7.9 MW of renewable wind and solar energy
- Acquisition aims to lower electricity costs and ensure a reliable green power supply
- Investment aligns with regulatory requirements and government’s renewable energy policy
- Acquisition will promote sustainable ESG