CLN Energy Ltd — Updates, 28-06-2025: Company Update

CLN Energy Limited has announced a board meeting and disclosed its acquisition of a 40.1% stake in Electrovault Power Private Limited, a newly incorporated entity focused on Battery Energy Storage System (BESS) projects integrated with renewable energy in India. This strategic partnership includes Manikaran Power and GreenAge Capital, aiming to leverage operational synergies and diversify ownership. The acquisition, completed through a cash consideration of Rs. 40,010, positions CLN Energy to benefit from India's rapidly growing BESS market driven by renewable energy expansion and grid stabilization needs.