Investment23 Jul 2025, 05:51 pm
Craftsman Automation Invests in Solar Power Generation: Acquires Stakes in Mastertex Export and Tara Green Power
AI Summary
Craftsman Automation Ltd has made equity investments in Mastertex Export Private Limited and Tara Green Power Private Limited for solar power under the Group Captive Scheme. The investments amount to Rs.2,60,000 and Rs.22,000 respectively. The company will hold 26% shareholding in Mastertex Export and 11% in Tara Green Power. Both entities are engaged in the generation and transmission of power.
Key Highlights
- Craftsman Automation invests in Mastertex Export and Tara Green Power for solar power
- Total investment of Rs.2,60,000 in Mastertex Export and Rs.22,000 in Tara Green Power
- Craftsman Automation to hold 26% shareholding in Mastertex Export and 11% in Tara Green Power
- Mastertex Export and Tara Green Power engaged in power generation and transmission
- Investments made under the Group Captive Scheme as per the Electricity Act, 2003