Investment5 Jun 2026, 07:11 pm
Greenply Subsidiary Invests ₹45 Lakh in Albano Solar
AI Summary
Greenply Industries Ltd's wholly-owned subsidiary, Greenply Sandila Private Limited, has invested INR 45,00,000 (26% equity) in Albano Solar Private Limited. This investment is for developing a 1.5 MW (AC) group captive power generation facility in Uttar Pradesh. The generated power will be utilized by Greenply Sandila's manufacturing unit, aiming to reduce power costs.
Key Highlights
- Subsidiary invested ₹45 Lakh for 26% stake in Albano Solar.
- Investment to fund a 1.5 MW captive power plant.
- Project aims to reduce power costs for the manufacturing unit.
- Albano Solar is in the renewable energy and power generation business.
Price Impact
More from GREENPLY