Birlanu Ltd Acquires 26% Stake in FPEL HR5 Energy for ₹2.02 Cr

Birlanu Ltd has entered into a Share Subscription and Shareholder Agreement to acquire a 26% stake in FPEL HR5 Energy Private Limited for ₹2.02 crore. This acquisition is for setting up a 3.58 MW AC solar power plant for Birlanu's Faridabad and Jhajjar units under a captive scheme. FPEL HR5 Energy is a special purpose vehicle and a step-down subsidiary of Fourth Partner Energy Private Limited. The acquisition aims to meet green energy needs, optimize energy costs, and comply with regulatory requirements for captive power consumption. The transaction is expected to be completed within 6 months and is not a related party transaction.