Investment19 Dec 2025, 06:02 pm
Craftsman Automation Invests Rs. 2,57,12,000 in EG Solar Energix Private Limited for Solar Power Generation
AI Summary
Craftsman Automation Ltd. has executed a Share Subscription-cum-Shareholders Agreement (SSSA) and a Power Purchase Agreement (PPA) for making an equity investment in EG Solar Energix Private Limited (EGSEPL) aggregating to Rs. 2,57,12,000. The investment is for subscription of minimum 26% of the equity share capital of EGSEPL for solar power under the provisions of the Electricity Act, 2008. The proposed investment is expected to be completed by 31 March, 2026.
Key Highlights
- Craftsman Automation to invest Rs. 2,57,12,000 in EG Solar Energix Private Limited
- Investment is for subscription of minimum 26% of the equity share capital of EGSEPL
- Investment is for solar power generation under the provisions of the Electricity Act, 2008
- Expected completion of the investment by 31 March, 2026