AIA Engineering has executed Share Purchase agreement with Clean Max Enviro Energy Solutions (Promoter Shareholder) and Clean Max Meridius (CMPL) to acquire/ subscribe 2,600 Equity Shares of Rs 10 of CMPL for setting up a captive Hybrid (Solar & Wind) Power Project in Gujarat.
The Company will also sign and execute Energy Supply agreement with Clean Max Meridius for supplying contracted Hybrid (Solar & Wind) Energy to the Company as a Captive User. Pursuant to the above acquisition/subscription of shares, CMPL will become an Associate of the Company.
The Company wishes to offtake the Contracted Quantity of Electricity generated from the Project as a Captive User under intrastate open access arrangement for its manufacturing units in Gujarat in view of significant financial/commercial benefits.
AIA Engineering, a certified ISO 9001 company, specialises in the design, development, manufacture, installation and servicing of high chromium wear, corrosion and abrasion resistant castings used in the cement, mining and thermal power generation industries.
| Company Name | CMP |
|---|---|
| AIA Engineering | 3958.20 |
| Alicon Castalloy | 684.70 |
| Nelcast | 141.10 |
| Steelcast | 295.55 |
| Synergy Green Inds. | 514.80 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: