Gujarat Alkalies Acquires 26% Stake in FPEL Bhanu for ₹26,000

Gujarat Alkalies and Chemicals Ltd (GACL) has acquired a 26% equity stake in FPEL Bhanu Private Limited, a Special Purpose Vehicle (SPV) company, for a consideration of ₹26,000. This acquisition is part of GACL's plan to set up a captive Wind-Solar Hybrid power project in Gujarat, with a wind capacity of 19.8 MW and solar capacity of approximately 25 MWp. The SPV company, incorporated on November 21, 2025, has an authorized share capital of ₹15,00,000 and a paid-up share capital of ₹1,00,000. FPEL Bhanu is yet to commence business operations, hence its turnover is not applicable. GACL will subscribe to further capital in the SPV to maintain its 26% shareholding. The acquisition falls under the renewable energy sector.