Bajaj Hindusthan Sugar is all set to acquire 15.5% shareholding of Unique One RNG. The proposed cost of acquisition is Rs 1.55 crore. The Company has entered into a joint venture agreement with EverEnviro Resource Management and Unique One RNG (SPV) for development of bio CNG projects.
As per the JV agreement the Company will have the right to become equity partner in the SPV. This right will be available with the Company for a period of 15 months from the date of this Agreement or prior to the commissioning of the CBG plant, whichever is later. The company will benefit out of press mud disposal through generation of CBG.
Bajaj Hindusthan Sugar (BHSL) is India's leading sugar and ethanol manufacturing company. Part of the Bajaj Group (Kushagra), it is headquartered at Mumbai (Maharashtra), India.
Company Name | CMP |
---|---|
Shree Renuka Sugar | 44.95 |
Bajaj Hindusthan Sug | 34.04 |
Triveni Engg. & Inds | 364.35 |
Balrampur Chini Mill | 391.05 |
Dalmia Bharat Sugar | 395.50 |
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