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Varroc Engineering’s arm inks pact with AMP Energy C&I Six, AMP Energy C&I Five

04 Oct 2023 Evaluate

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.


Peers
Company Name CMP
SamvardhanaMotherson 153.50
Tube Investments 2245.00
Bosch 43289.80
UNO Minda 1085.00
Bombay Burmah Trdg. 1223.35
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