Jubilant Pharmova Invests in Renewable Energy through Captive Power Arrangement

Jubilant Pharmova Limited, a Jubilant Bhartia Company, has announced an investment in Isharays Energy Two Private Limited for the purpose of accessing renewable energy through a captive power arrangement. This investment will enable the Company to meet the green energy requirements for its facility located in Noida and Greater Noida, and optimize energy cost. The Company will invest approximately Rs. 3.094 crores (Rupees three Crore ninety lakh forty thousand Only) for acquiring 14.53% stake in the share capital of Isharays Energy. Isharays Energy is a wholly-owned subsidiary of SunSource Energy Private Limited, incorporated in India on April 21, 2022, and is engaged in the business of developing, constructing, operating and maintaining a Captive Generating Plant. The turnover of Isharays Energy for the Financial year 2024-25 was Rs. 7,35,95,000.