Exide Industries has agreed to invest up to 30% of total equity share capital in each of the three special purpose vehicle(s) namely, ‘CSE Solar Sunpark Haryana’, ‘CSE Solar Sunpark Maharashtra’ and ‘Greenyana Solar’ (hereinafter collectively called as 'Cleantech') aggregating upto Rs 20.05 crore.
This investment is 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.
Exide Industries manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacities, covering the broadest spectrum of applications. It is India’s largest producer of automotive and industrial batteries, with seven manufacturing plants strategically located across the country
