Isgec Heavy Engineering Limited — JV/Acquisition, 06-10-2025: Acquisition

ISGEC Heavy Engineering is making a strategic move into green energy, acquiring a 26% equity stake in FPEL HR1 Energy Private Limited for up to Rs. 2.24 Cr. This investment is for a captive solar power plant, which will generate 50 MWp DC / 75 MW AC energy in Sirsa District, Haryana. This acquisition is crucial for ISGEC, directly addressing its green energy requirements and aiming to significantly optimize operational energy costs. It highlights the company's commitment to sustainable practices and reducing its carbon footprint.