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Hero MotoCorp to invest up to Rs 5.15 crore for solar power wheeling project

07 Feb 2025 Evaluate

Hero MotoCorp has received approval for investment of up to Rs 5.15 crore for Solar Power Wheeling project, for the company’s plants at Dharuhera and Gurugram under Group Captive mechanism. 

For the above project, the company shall enter into an arrangement with CleanMax Enviro Energy Solutions (CleanMax) to set up a Special Purpose Vehicle (SPV). The proposed SPV will be incorporated for Solar Power Wheeling project under Group Captive mechanism.

The objective of the investment is to increase renewable footprint under Group Captive mechanism with equity investment by the company in the above said SPV to be created by CleanMax under Green Energy Open Access Regulations 2023 of Haryana Electricity Regulatory Commission.

The Board of Directors of the company at its meeting held February 06, 2025, has approved the same.

Hero MotoCorp is the world’s largest manufacturer of motorcycles and scooters.

Hero MotoCorp Share Price

5193.75 -91.15 (-1.72%)
16-Apr-2026 10:47 View Price Chart
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