EPL has entered into a Share Purchase Agreement (SPA) with Clean Max Enviro Energy Solutions (Clean Max) and Clean Max Aria (CMAPL), whereby the Company will acquire 49% equity shares of CMAPL from Clean Max. The company has entered into SPA on July 11, 2024 with Clean Max and CMAPL.
The objective of acquisition is to develop a captive power generation facility in the State of Maharashtra having a wind capacity of 3.3 MW and solar capacity of 3.3 MWp DC (2.2 MW AC); and in the State of Gujarat having a hybrid capacity of 3.3 MW (3.3 MW Wind and 2.15 MWp Solar), for the plants of the company situated at Vasind, Wada (Maharashtra) and Vapi (Gujarat), respectively.
EPL is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space.
