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.
