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CEAT signs power purchase agreement with Greenzest

03 Jun 2019 Evaluate

CEAT has signed a Power Purchase Agreement with Greenzest Solar (Greenzest), for supply of electricity by Greenzest to the Company, by setting up a captive solar power project in Maharashtra. In this regard the Company has agreed to invest an amount not exceeding Rs 5 crore to subscribe equity shares, 26% of total equity share capital of Greenzest.

CEAT is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. Besides tyres, the company also manufactures and markets tubes and flaps.

Peers
Company Name CMP
MRF 123284.50
Apollo Tyres 401.55
JK Tyres & Inds. 339.55
Ceat 3285.15
Balkrishna Inds. 2067.10
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