New Launch14 Jun 2025, 10:21 am
Vardhman Textiles Ltd Amends Share Subscription Agreement for 11.5 MW Wind Solar Hybrid Power Plant
AI Summary
Vardhman Textiles Ltd has amended the Share Subscription and Shareholders’ Agreement with Renew Green Energy Solutions Private Limited and Renew Green (MPR One) Private Limited for setting up a 11.5 MW Wind Solar Hybrid Power Plant in Madhya Pradesh. The power generated will be supplied exclusively to Vardhman Textiles Limited under the Captive Rules. The amendment comes after the approval of the Committee of Directors (Renewable Energy) and changes the location of the project within the state of Madhya Pradesh.
Key Highlights
- Vardhman Textiles Ltd amends Share Subscription and Shareholders’ Agreement with Renew Green Energy Solutions Private Limited and Renew Green (MPR One) Private Limited
- The project is a 11.5 MW Wind Solar Hybrid Power Plant in Madhya Pradesh
- The power generated will be supplied exclusively to Vardhman Textiles Limited under the Captive Rules
- The location of the project has been changed within Madhya Pradesh
- The amendment comes after the approval of the Committee of Directors (Renewable Energy)