Syngene International has made an investment in 26% of the equity shares of HR Kaveri, a special purpose vehicle formed by Hinduja Renewable Energy for the purpose of power generation and developing a captive power plant in Karnataka as per Electricity laws. The objective of acquisition is to meet the green energy needs and optimise energy cost and to comply with the regulatory requirement for captive power consumption under electricity laws.
Syngene International is India’s largest Contract Research Services Organization providing integrated discovery and development services for novel molecules across multiple platforms including small molecules, large molecules, Antibody-Drug Conjugates and Oligonucleotides.
