Joint Venture2 Aug 2025, 10:00 am
Uflex Ltd Incorporates a Joint Venture Company with AMPIN C&I Power Private Limited
AI Summary
Uflex Ltd, in association with AMPIN C&I Power Private Limited, has incorporated a Joint Venture Company named AMPIN C&I Power Twenty Private Limited. The new company will generate solar power, and Uflex Limited will buy the power on a long-term basis under the captive power plant policy. This policy requires the captive user to have at least 26% shareholding in the generating company. The JV Company will be an associate of Uflex Limited and its subsidiaries.
Key Highlights
- Uflex Ltd and AMPIN C&I Power Private Limited have incorporated a Joint Venture Company named AMPIN C&I Power Twenty Private Limited.
- AMPIN C&I Power Twenty Private Limited will generate solar power and Uflex Limited will buy the power on a long-term basis.
- The JV Company will be an associate of Uflex Limited and its subsidiaries.
- The JV Company will set up a Solar Power Plant in Haryana.
- Uflex Limited's acquisition of 26% shares in the JV Company is in accordance with the captive power plant policy.