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.