Elgi Equipments Limited — JV/Acquisition, 20-08-2026: Acquisition

ELGI EQUIPMENTS is acquiring an 18.01% stake in Constronics Energy Solution Private Limited for ₹1.62 Cr. This strategic move aims to secure renewable energy for ELGI's operations, ensuring long-term power tariff stability and cost savings. The acquisition also helps ELGI comply with regulatory requirements for sourcing power. Constronics Energy, a solar power company incorporated in 2024, has no prior turnover. This investment directly supports ELGI's operational efficiency by optimising future power costs over 25 years.