Hindalco Industries may be making an investment in renewable power era company Cleanwin Energy SIX and will pick up a 26% stake in a cash deal worth Rs. 71.Five lakh.
The proposed deal is part of the business enterprise’s avenues in lowering the strength value via open access to renewable strength mills. Cleanwin Energy changed into based on December 1, 2021, with the intention of manufacturing 5 MW of wind strength.
After the transaction is finished, the aluminium business will very own 26% of the renewable electricity organization.
The Company has contributed its initial fairness contribution on May 30, 2022. Further Company will maintain to replace the task information at a later level.
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