Enviro Infra Engineers Ltd Acquires 49% Stake in Soltrix Energy Solution Private Limited

Enviro Infra Engineers Ltd has announced the acquisition of a 49% equity stake in Soltrix Energy Solution Private Limited through its wholly owned subsidiary, EIE Renewables Private Limited. The acquisition is not a related party transaction and none of the Company’s promoter / promoter group / group companies have any interest in the said transaction. The Target Company is incorporated to establish and operate as a Special Purpose Vehicle for executing the projects related to Solar Power Generation, Green Hydrogen solutions and Renewable Energy. The project includes a State Financial Assistance of ₹ 3.20 crores from the Government of Maharashtra and a tariff-based revenue generation of ₹ 0.88 per unit of electricity for a period of 25 years. The remaining 51% equity stake in Soltrix Energy Solution Private Limited will be acquired after the expiry of one year from the completion of the project awarded to the Target Company.