Lumax Industries to Invest Rs. 1.61 Crores in Power Pulse Trading Solutions, Sets Up New Manufacturing Plant

Lumax Industries Ltd. has approved an investment of up to Rs. 1.61 crores for acquiring a 26% stake in Power Pulse Trading Solutions Limited, a Power Trading Arm of Adani Energy Solutions Limited. This investment will enable Lumax Industries to qualify as a captive user under the Electricity Act, 2003 and Electricity Rules, 2005 for renewable energy generated by the power plant of PTSL for their manufacturing facilities at Haridwar, Pant Nagar and Sanand (Plant 2). Additionally, Lumax Industries is setting up a new manufacturing plant at Bengaluru, Karnataka with a capital outlay of around Rs. 140 Crores to cater to new orders from MSIL and Toyota. The project is expected to be commissioned by Q4 FY 2026-27 and will have a peak annualized turnover of around Rs. 450 crores post commissioning.