Business Update12 Sept 2024, 11:28 pm
Linde India Limited Invests INR 34.99 Crores in Zenataris Renewable Energy Private Limited
AI Summary
Linde India Limited has invested INR 34.99 Crores in Zenataris Renewable Energy Private Limited, a Special Purpose Vehicle (SPV) of Fourth Partner Energy Private Limited, towards subscription of its equity shares. This is the first tranche of the overall planned investment of INR 104.91 Crores, expected to be completed by March 2025. The investment is aimed at purchasing renewable power under a captive mechanism, resulting in lower tariffs and cost savings.
Key Highlights
- Linde India Limited invests INR 34.99 Crores in Zenataris Renewable Energy Private Limited.
- The investment is the first tranche of the overall planned investment of INR 104.91 Crores.
- The investment is aimed at purchasing renewable power under a captive mechanism.
- The investment is expected to result in lower tariffs and cost savings.
- The completion of the current investment is indicated by the allotment of equity shares (27%).