Elgi Equipments Acquires 18.01% Stake in Constronics Energy

Elgi Equipments Limited has announced its acquisition of an 18.01% stake in Constronics Energy Solution Private Limited (SPV) for ₹1,61,70,000. This strategic move is aimed at complying with minimum shareholding requirements under the Electricity Act, 2003, and securing renewable energy for the company's consumption over 25 years. The acquisition is expected to be completed by August 20, 2026, and will provide long-term tariff visibility and optimize power costs. Constronics Energy Solution Private Limited operates in the solar power industry and was incorporated on December 03, 2024, with no prior turnover.