Investment19 Jan 2026, 09:21 pm
CIE Automotive India Subsidiary Completes Investment in AMPIN Energy Thirty One
AI Summary
CIE Automotive India Ltd. announced that its wholly owned subsidiary, CIE Aluminium Casting India Limited (CIEALCAST), has completed its investment in AMPIN Energy C&l Thirty One Private Limited (AMPIN Energy Thirty One) by subscribing to 8,75,000 equity shares in two tranches. The second and final tranche investment of 8,75,000 equity shares was completed on 14th January, 2026, for a consideration of INR 87,50,000. This investment will enable CIEALCAST to qualify as a captive consumer and optimize power cost at its factory situated at Ch. Sambhaqji Nagar, Maharashtra.
Key Highlights
- CIE Automotive India's subsidiary, CIEALCAST, invests in AMPIN Energy Thirty One
- Investment completed in two tranches, with the second tranche on 14th January, 2026
- Total investment of INR 87,50,000 for 8,75,000 equity shares
- Investment aims to qualify CIEALCAST as a captive consumer and optimize power cost
- AMPIN Energy Thirty One is a special purpose vehicle engaged in developing and operating renewable energy projects