Manali Petrochemical Enteres Power Purchase Agreement with Amplus Iru for Renewable Energy under SEBI regulations

Manali Petrochemical Limited has announced that it has entered into a Power Purchase Agreement (PPA) with Amplus Iru Private Limited for procurement of solar and wind power under the captive generation scheme as per the Electricity Act, 2003 and Electricity Rules, 2005. The company will invest up to Rs. 2,76,00,000/- (276 million) in equity capital in Amplus Iru, which will not exceed 5% of its equity shares or voting rights.