MoneyWorks4Me

Shree Digvijay Cement executes agreement with Trinethra Renewable Energy, Continuum Green Energy

07 Apr 2022 Evaluate

Shree Digvijay Cement Company has executed a Share Purchase & Shareholders' agreement with Trinethra Renewable Energy (CGE Shree Digvijay Cement Green Energy) (Power Producer) and Continuum Green Energy (India) (Promoter) for making investment of about Rs 8 crore, constituting 27% of paid-up share capital of Power Producer, for a contracted capacity of 8.10 MW hybrid wind and solar power.

It is company's endeavour to continuously focus on green energy with cheaper sourcing and becoming a self- sufficient Company in current energy scenario. This Hybrid power contract will generate about 37% of total power requirement of the plant and put together with WHRS will constitute over 65% of total power needs of the Company with a considerable savings in the cost of power and environmental footprints.

Shree Digvijay Cement Company is one of India’s pioneer in manufacturing Cement.

Peers
Company Name CMP
Ultratech Cement 10865.10
Ambuja Cements 349.00
ACC 1137.90
Shree Cement 22319.50
Dalmia Bharat 1611.65
View more..