Varroc Engineering’s material subsidiary -- Varroc Polymers (VPL) has entered into Power Purchase Agreement with AMP Energy C&I Six and AMP Energy C&I Five (SPVs) respectively, for establishing Renewable Power Plants in Karnataka and Tamil Nadu having captive capacity of 30 MWp and 21 MWp respectively, under Captive Power Scheme and further in process of acquiring 1% and 3 % stake in the said SPVs respectively. The said transaction is expected to be completed on or before March 31, 2024.
Varroc Engineering is a global tier-1 automotive component group.
