Godrej Industries (GIL) has acquired 26% equity stake in Clean Max Kaze, subsidiary of Clean Max Enviro Energy Solutions on December 12, 2024.
The Company has made this investment for setting up Renewable Energy Project, in accordance with Gujarat Renewable Energy Policy 2023, for using alternate Hybrid Renewable Power (Wind and Solar) at the Valia Factory of the Company situated at Gujarat. The Company will benefit by this cost saving and will help in having ‘Green Power’ and also get lower rates as compared to the power grid.
Godrej industries a part of Godrej group, is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries.
