ALPHA TRIBE

Shyam Metalics and Energy LimitedImportant, 14-08-2025: General Updates

14-08-2025 | 05:31 pm

Shyam Metalics' wholly-owned subsidiary, Shyam Sel and Power (SSPL), has acquired a 26% equity stake in Emerge Solar Projects for approximately ₹0.25 Cr. This strategic investment enables SSPL to qualify as a captive user, securing solar power at preferential tariffs. The move is set to significantly reduce energy costs, decrease reliance on grid power, and improve EBITDA margins. It aligns with the company's long-term strategy for cost-efficient, green energy, boosting its environmental goals and ESG framework.

No comments yet. Be the first to comment!

All announcements from Shyam Metalics and Energy Limited