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Birla Corporation inks pact to acquire 6.04% stake in CGE II Hybrid Energy

10 Mar 2025 Evaluate

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.


Birla Corporation Share Price

1019.70 34.85 (3.54%)
18-Jun-2026 11:22 View Price Chart
Peers
Company Name CMP
Ultratech Cement 11280.00
Ambuja Cement 423.70
ACC 1349.80
Shree Cement 24866.90
Dalmia Bharat 1720.00
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