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BSE SENSEX
74,339.44
+486.50
+0.66 %
Corporate Announcement
Security Code
500086
Company
EXIDE INDUSTRIES LTD.
Exchange Received Time
07/01/2019 18:50:38
Exchange Disseminated Time
07/01/2019 18:50:46
Time Taken
00:00:08
Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("LODR Regulations") |
01/07/19 18:50
This is to inform you that the Company has agreed to invest upto 30% of total equity share capital in each of the three special purpose vehicle(s) viz., "CSE Solar Sunpark Haryana Private Limited", "CSE Solar Sunpark Maharashtra Private Limited" and "Greenyana Solar Private Limited" (hereinafter collectively called as ''Cleantech'') aggregating upto Rs. 20.05 crores for setting up captive solar power projects for various manufacturing facilities of the Company. The projects will be set up with the Company as captive user and Cleantech as the power producer.
This arrangement is expected to reduce the overall cost of production.
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