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Steelcast inks agreement to acquire 4% stake in AMP Energy Green Nine

27 May 2022 Evaluate

Steelcast has entered into a Share Purchase, Subscription and Shareholder’s Agreement (SPSSA) to acquire up to 4% stake on a fully diluted basis in AMP Energy Green Nine, for setting up a 4.5 MW captive Wind Solar Hybrid power Project in Gujarat. The expected saving arising out of the setting up of 4.5 MW captive Wind Solar Hybrid power Project is Rs 7 crore per annum. However, guaranteed savings are of about Rs 6 crore per annum.

Steelcast is engaged in casting manufacturing business.

Peers
Company Name CMP
AIA Engineering 3920.55
Alicon Castalloy 729.70
Nelcast 118.55
PTC Industries 21791.30
Synergy Green Inds. 639.15
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