Investment27 May 2026, 07:41 pm
South India Paper Mills Invests ₹14 Lakh in Clean Wind Power
AI Summary
South India Paper Mills Ltd is investing ₹14,00,000 in 1,40,000 equity shares of Clean Wind Power (Manvi) Pvt Ltd, representing 26% of the issued equity. This investment is part of a Share Subscription cum Shareholder's Agreement (SSSHA) and a Power Supply and Consumption Agreement (PSCA) to secure 11.6 million units of wind power for the company's energy needs under a Group Captive Structure. The power supply is expected to commence tentatively by August 1, 2026.
Key Highlights
- South India Paper Mills invests in 1,40,000 equity shares of Clean Wind Power.
- Investment aims to secure 11.6 million units of wind power for company operations.
- The cost of acquisition for the equity shares is ₹14,00,000.
- The company will hold 26% of Clean Wind Power's issued equity.
- Power supply from Clean Wind Power is expected to start by August 1, 2026.
Price Impact
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