
Investment19 Jun 2025, 06:24 pm
Samvardhana Motherson International Ltd Approves Strategic Partnership and Investment in Captive Power Generation SPV
AI Summary
Samvardhana Motherson International Limited has approved the execution of Power Delivery Agreements with HR Dhauliganga Private Limited. The Company and its subsidiaries will acquire a 28.15% stake in HRDPL, a special purpose vehicle setup by Hinduja Renewables Energy Private Limited. The strategic initiative aims to lower carbon intensity across operations, providing reliable and long-term cost-effective supply of renewable energy to multiple operational facilities in Tamil Nadu, India. The investment is expected to be completed in Q2 FY26 for approximately INR 141.3 million.
Key Highlights
- Samvardhana Motherson International Limited approved the execution of Power Delivery Agreements with HR Dhauliganga Private Limited
- The Company and its subsidiaries will acquire a 28.15% stake in HRDPL
- The strategic initiative aims to lower carbon intensity across operations
- The investment is expected to be completed in Q2 FY26
- The investment amount is approximately INR 141.3 million