Investment14 Aug 2025, 05:34 pm
Shyam Metalics Acquires 26% Stake in Emerge Solar Projects, Reducing Energy Costs and Promoting Green Energy
AI Summary
Shyam Metalics and Energy Ltd's wholly-owned subsidiary, Shyam Sel and Power Limited (SSPL), has acquired a 26% equity stake in Emerge Solar Projects Private Limited. This strategic investment enables SSPL to qualify as a captive user and procure solar power at a preferential tariff for its manufacturing operations. The acquisition is expected to reduce the company's dependence on grid power, contribute to environmental goals, improve EBITDA margins, and support compliance with regulatory norms and ESG frameworks.
Key Highlights
- Shyam Sel and Power Limited (SSPL) has acquired a 26% equity stake in Emerge Solar Projects Private Limited.
- The acquisition will enable SSPL to qualify as a captive user and procure solar power at a preferential tariff.
- This strategic investment is expected to reduce the company's dependence on grid power, contribute to environmental goals, improve EBITDA margins, and support compliance with regulatory norms and ESG frameworks.
- The cost of acquisition is Rs. 25,00,004, with 2600 Equity shares issued at a premium of Rs. 951.54 per share.
- The acquisition is expected to be completed by 14th August, 2025.