BOROSIL RENEWABLES LIMITED — JV/Acquisition, 25-02-2025: Acquisition

Borosil Renewables Limited has completed a committed investment of Rs. 17.82 crores in Clean Max Prithvi Private Limited (CMPPL), maintaining a 49% stake. This investment, made in two tranches, supports the development of a 16.50 MW Hybrid Solar-Wind power plant in Gujarat, set to exclusively supply renewable power to Borosil as a captive user. This strategic move enhances Borosil's commitment to sustainability and renewable energy, aligning with its operational goals while potentially reducing energy costs and securing a steady power supply for its operations.