Partnership25 May 2026, 08:41 pm
Shah Metacorp: Strategic MOU with Strike Eco, ₹25 Cr Investment
AI Summary
Shah Metacorp Ltd has signed a strategic MOU with Strike Eco Grid Private Limited, investing an initial 26% stake with plans to increase it to 75% in phases. The collaboration aims to expand into renewable energy, including solar EPC, captive and open access power projects, and ESG-related businesses. Shah Metacorp plans to provide funding support of up to ₹25 crore for renewable energy projects. In Q3 FY26, Shah Metacorp reported revenue of approximately ₹149 crore and a PAT of ₹4 crore.
Key Highlights
- Shah Metacorp invests in Strike Eco for renewable energy expansion.
- Initial 26% stake in Strike Eco, potential to increase to 75%.
- Plans ₹25 crore funding for renewable energy projects.
- Q3 FY26 revenue reported at ₹149 crore, PAT at ₹4 crore.
- Aims to expand presence in government, institutional, and international renewable energy markets.
Price Impact
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