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Birla Corporation’s arm inks pact to acquire 3.12% stake in Continuum MP Windfarm Development

31 Aug 2024 Evaluate

Birla Corporation’s wholly owned material subsidiary -- RCCPL has entered into a Share Purchase Agreement (SPA) and Power Purchase Agreement (PPA) on August 30, 2024 for acquisition of 3.12% equity shares of Continuum MP Windfarm Development consisting of 1,39,15,200 equity shares aggregating to Rs 13.92 crore to source wind-solar power as a captive consumer for a capacity of upto 12 MW from a project located in Jaora in the State of Madhya Pradesh. The transaction is subject to customary conditions precedents and is expected to be completed on or before October 31, 2024.

Birla Corporation is primarily engaged in the manufacturing of cement as its core business activity. It has significant presence in the jute goods industry as well.


Birla Corporation Share Price

959.40 -8.60 (-0.89%)
08-Jul-2026 13:35 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11528.80
Ambuja Cements 433.25
ACC 1371.50
Shree Cement 26599.40
Dalmia Bharat 1778.00
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