Investment4 Aug 2025, 05:01 pm
Craftsman Automation Invests in Altilium Solar 1 & 3 for Solar Power
AI Summary
Craftsman Automation Ltd has made equity investments in Altilium Solar 1 Private Limited and Altilium Solar 3 Private Limited for solar power under the Group Captive Scheme. The total investment in Altilium Solar 1 is Rs.16,97,564 for 8.66% shareholding, and in Altilium Solar 3 is Rs.1,34,35,500 for 26% shareholding. Altilium Solar 1 was incorporated in 2023 and has a turnover of Rs. 5,42,40,000 in FY 2024-25, while Altilium Solar 3 was incorporated in 2025 and is yet to commence its operations.
Key Highlights
- Craftsman Automation invests in Altilium Solar 1 & 3 for solar power
- Total investment of Rs.16,97,564 in Altilium Solar 1 for 8.66% shareholding
- Total investment of Rs.1,34,35,500 in Altilium Solar 3 for 26% shareholding
- Altilium Solar 1 has a turnover of Rs. 5,42,40,000 in FY 2024-25
- Altilium Solar 3 is yet to commence its operations