Aurobindo Pharma acquire 26% stake each in 2 solar power firms

now viewing

Aurobindo Pharma acquire 26% stake each in 2 solar power firms

February 24, 2021 Anand Gupta

now playing

In the matter of Adoption of tariff by GUVNL for Procurement of Storage under Tariff based Global Competitive Bidding Process (Phase III) to be set up in Gujarat - EQ

February 24, 2021 Anand Gupta

Petition for Adoption of CERC (Procedure, Terms and Conditions for Grant of Transmission Licence and other related matters) Regulations to grant of Transmission Licence - EQ

February 24, 2021 Anand Gupta

CERC_Central Electricity Regulatory Commission_1

now playing

Petition for adoption of the CERC (Procedure, Terms and Conditions for Grant of Transmission Licence and other related matters) Regulations, Transmission System of Transmission Licence - EQ

February 24, 2021 Anand Gupta

now playing

In the Matter of GERC of the PPA of Change in Law - EQ

February 24, 2021 Anand Gupta

now playing

SWELECT Energy to raise Rs 1.38 billion via debenture sales - EQ

February 24, 2021 Anand Gupta

Vivek Srivastava joins Waaree Energies as chief executive officer

now playing

Waaree Energies begins trial production at Texas solar facility, plans $1 billion investment - EQ

February 24, 2021 Anand Gupta

AP-bets-on-renewable-energy-to-meet-goals

now playing

India’s Renewable Energy Sector Attracts Record Investment in 2023 - EQ

February 24, 2021 Anand Gupta

Oil India initiates first physical Green Hydrogen plant

now playing

Ashoka Buildcon to invest Rs 9 000 cr in green hydrogen plant in Bihar - EQ

February 24, 2021 Anand Gupta

VN solar energy sector a magnet for foreign companies, funds

now playing

Maharashtra to meet 50% of energy needs from non-traditional sources by 2030 - EQ

February 24, 2021 Anand Gupta

ACME, Japan’s IHI sign MoU to explore green hydrogen and green ammonia businesses

now playing

Bihar gets record Rs 1.81 lakh cr investment; Adani, Sun Petchem big draws - EQ

February 24, 2021 Anand Gupta

Aurobindo Pharma has entered into binding agreements to invest ₹5.38 crore each in NVNR (Ramannapet I) Power Plant and NVNR (Ramannapet II) Power Plant, aggregating to ₹10.76 crore

NEW DELHI : Aurobindo Pharma on Tuesday said it has inked a pact to acquire 26% stake each in two Hyderabad-based solar power generating companies.

The drug firm has entered into binding agreements to invest ₹5.38 crore each in NVNR (Ramannapet I) Power Plant Pvt Ltd and NVNR (Ramannapet II) Power Plant Pvt Ltd, aggregating to ₹10.76 crore, Aurobindo Pharma said in a regulatory filing.

The company has invested in the two firms to avail the benefit of captive consumption of solar power, it added.

“After making the said investments, the company will be holding 26 per cent of the share capital in each of the aforesaid solar power generating companies,” Aurobindo Pharma noted.