Birla Corporation Limited — JV/Acquisition, 12-11-2024: Acquisition

RCCPL Private Limited, a wholly owned subsidiary of Birla Corporation, has acquired a 3.12% stake in Continuum MP Windfarm Development Private Limited for ₹13.91 Cr (Rupees Thirteen Crore Ninety-One Lakhs Fifty-Two Thousand). This acquisition involves purchasing 1,39,15,200 equity shares, part of a strategic move to secure wind-solar power as a captive consumer, with a capacity of up to 12 MW from a project in Madhya Pradesh. This initiative is expected to enhance operational efficiency and diversify energy sourcing for the company. The share credit has been completed successfully.