Birla Corporation has entered into a Share Purchase Agreement (SPA) and Power Purchase Agreement (PPA) for acquisition of 6.04% equity shares of CGE II Hybrid Energy consisting of 57,12,120 equity shares aggregating to Rs 5.71 crore to source wind-solar power as a captive consumer for a capacity of upto 6 MW for its plant located in Chanderia, Rajasthan. The Transaction is subject to customary conditions precedents and is expected to be completed on or before June 30, 2025.
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.
