RPG Life Sciences has received approval for execution of Power Delivery agreement with Sunpound Solar (Sunpound) a Special Purpose Vehicle (SPV), for supply of electricity by Power Producer to the Company, by setting up a group captive solar power project in Maharashtra. In this regard the Company has agreed to invest an amount upto Rs 1.10 crore to subscribe equity shares, upto 26% of share capital of Sunpound in proportion to the contracted capacity by captive consumers. The Board of Directors of the Company has at its meeting held on October 18, 2023 considered and approved the same.
RPG Life Sciences (RPGLS) is a pharmaceutical organization and was formerly known as Searle (India).
