Investment11 Nov 2025, 05:41 pm
Shyam Metalics Acquires 26% Stake in Emerge Green Power, Signs Solar Power Purchase Agreement
AI Summary
Shyam Metalics and Energy Ltd has signed a Solar Power Purchase Agreement with Emerge Green Power Private Limited (EGPPL) to procure solar power for its manufacturing operations. The company has also agreed to subscribe to 26,000 Equity Shares in EGPPL, which will result in Shyam Metalics holding up to 26% of the Equity Share Capital of EGPPL, making it an Associate of the Company. This strategic investment is expected to reduce overall energy costs, support compliance with regulatory norms and ESG frameworks, and improve EBITDA margins due to lower operational expenditure on power.
Key Highlights
- Shyam Metalics to procure solar power at a preferential tariff for its manufacturing operations
- Acquisition of 26% equity stake in Emerge Green Power Private Limited
- Expected to reduce the company's dependence on grid power and lower energy costs
- Contribute to environmental goals through increased usage of green power
- Support compliance with regulatory norms and ESG frameworks