Ingersoll Rand (India) Limited — Board Meeting, 14-02-2025: Outcome of Board Meeting

The Board of Directors of Ingersoll-Rand (India) Limited has approved the commencement of production at its new manufacturing facility in Sanand, Gujarat, now expected to begin operations in August 2025 due to delays caused by weather and logistical challenges. Additionally, the board sanctioned the establishment of a Special Purpose Vehicle (SPV) for solar power procurement at the Naroda Plant, committing to acquire at least 26% equity in the SPV, which will generate renewable energy. This strategic move aims to enhance energy efficiency and reduce carbon emissions.