Business Update27 Jan 2024, 05:24 pm
Swelect Energy Systems Limited to Set Up Solar Power Plant through Wholly Owned Subsidiary
AI Summary
The Board of Directors of Swelect Energy Systems Limited has approved the incorporation of a wholly owned subsidiary, SWELECT Sustainable Energy Private Limited, to engage in generation of solar power through setting up of a solar power plant. The company will invest Rs. 1 lakh in the equity shares of the proposed wholly owned subsidiary and the solar power plant will be set up under Captive Use Scheme through Intra State Open Access System.,
Key Highlights
- Swelect Energy Systems Limited to set up solar power plant through wholly owned subsidiary
- Investment of Rs. 1 lakh in equity shares of proposed wholly owned subsidiary
- Solar power plant to be set up under Captive Use Scheme through Intra State Open Access System