Investment5 Aug 2025, 06:12 pm
Transpek Industry Ltd. to Acquire 3-4% Share Capital of First Energy Eleven Private Limited for Rs.4.00 Crores
AI Summary
Transpek Industry Ltd. has approved the acquisition of up to 3-4% of share capital of First Energy Eleven Private Limited, a Special Purpose Vehicle of Thermax Limited, with an investment of up to Rs.4.00 Crores. This project will enable the Company to access 2.8MW of renewable solar and wind energy, resulting in lower power costs, reliable green power supply, and carbon credits, thereby promoting sustainable ESG.
Key Highlights
- Transpek Industry Ltd. to invest up to Rs.4.00 Crores in First Energy Eleven Private Limited
- Investment will enable access to 2.8MW of renewable solar and wind energy
- Expected to result in lower power costs and reliable green power supply
- Project aims to promote sustainable ESG and earn carbon credits
- Transaction is subject to customary conditions and expected to be completed after one year