CIE Automotive India Limited — JV/Acquisition, 19-01-2026: Acquisition

CIE Automotive India's subsidiary, CIEALCAST, has completed its **₹1.75 Cr** investment in **AMPIN Energy C&I Thirty One Private Limited**. This secures a **40% equity stake** (29% fully diluted) in the renewable energy project. The strategic move aims to set up a captive solar power plant (approx. 5 MWp) to optimize power costs for CIEALCAST's factory in Ch. Sambhaji Nagar. This initiative provides crucial backward integration, enhancing operational efficiency and ensuring a stable, cost-effective energy supply for manufacturing.