Concord Biotech Limited — JV/Acquisition, 20-06-2026: Acquisition

Concord Biotech is making a strategic investment of Rs. 6.3 Cr to acquire a 27.38% stake in FSGE Renewable Power. FSGE is developing a 6.3 MW Wind and 6.3 MW Solar Hybrid Power Project in Gujarat. This move is aimed at securing captive renewable energy for Concord Biotech's Limbasi Facility. The rationale is clear: reduce the carbon footprint, achieve significant long-term energy cost savings, and enhance overall operational efficiency, aligning with the company's sustainability goals.