Investment18 Dec 2025, 06:57 pm
Cummins India to Acquire Stake in Clean Max Yellowstone for Renewable Power
AI Summary
Cummins India Limited has approved the proposal to acquire equity shares of Clean Max Yellowstone Private Limited, a Special Purpose Vehicle, for procuring renewable power. The investment, up to Rs. 2.70 Cr., will be made along with other Cummins group entities in India under the Group Captive Model, together holding at least 26.00% of equity share capital of Clean Max. The objective is to qualify as a group captive consumer, reduce Scope 2 greenhouse gas (GHG) emissions, and optimize power cost for the Company's factories/premises.
Key Highlights
- Cummins India to invest in Clean Max Yellowstone for renewable power
- Investment of up to Rs. 2.70 Cr.
- Group Captive Model with other Cummins entities holding 26.00% equity
- Objective is to qualify as a group captive consumer
- Expected to reduce Scope 2 GHG emissions and optimize power cost