Key Quantitative Figures
- Investment amount: ₹38,40,000 (Thirty Eight Lakh Forty Thousand Rupees)
- Investment structure: One or more tranches
- Minimum equity stake: 26% of equity share capital (collectively with other captive users)
Parties Involved
- Suprajit Engineering Limited (Investor/Captive Consumer)
- Amplus Green Power Private Limited (Target Project Company)
- Amplus Energy Solutions PTE Ltd. (Counterparty to Shareholders' Agreement)
Purpose and Rationale
- To source solar power as a captive consumer from a solar power plant located in Uttar Pradesh
- To enhance the company's source of renewable power supply
- Expected to reduce electricity costs at the company's manufacturing facilities in Uttar Pradesh
- Increase the share of renewable energy in power consumption
- Support sustainability objectives
Project Details
- Location: State of Uttar Pradesh
- Project type: Solar power project
- Participation model: Captive consumer arrangement
- Captive users will collectively hold minimum 26% equity share capital of the project company
Transaction Details from Annexure-1
- Target entity: Amplus Green Power Private Limited
- Industry: Power Generation
- Not a related party transaction
- Promoter/promoter group companies have no interest in the acquisition
- Nature of consideration: Cash consideration
- No governmental or regulatory approvals required
- The acquisition does not fall outside the main line of business of the listed entity
Financial and Operational Impact
The arrangement is expected to reduce electricity costs at the company's Uttar Pradesh manufacturing facilities and increase renewable energy usage percentage.
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