Laurus Labs has received approval to acquire up to 26% of share capital in Kurnool Renewables, a subsidiary company (special purpose vehicle) of Ecoren Energy India (Ecoren) with an investment of up to Rs 35 crore.
This project will enable the company to access 25.53 MW of renewable wind and solar energy and this investment is being done in order to comply with regulatory requirement for Captive Consumption of Power under Indian Electricity Laws and the Policy of the Government. This acquisition will result in lower electricity costs, ensure a reliable green power supply and getting carbon credits thereby promotes sustainable ESG.
The investment by the company is expected to be completed within a period of 1 year in three stages - 30% within 30 days from the date of execution of agreements; 40% upon placing of orders for major equipment and 30% upon receipt of major equipment to the site. The Board of Directors of the company at its meeting held on March 28, 2025, has, inter alia, approved the same.
Laurus Labs is a leading research and development driven pharmaceutical company in India. The company has grown consistently to become one of the leading manufacturers of APIs for anti-retroviral (ARV) and Hepatitis C.
| Company Name | CMP |
|---|---|
| Sun Pharma Inds. | 1664.00 |
| Dr. Reddys Lab | 1224.70 |
| Cipla | 1234.50 |
| Zydus Lifesciences | 929.35 |
| Lupin | 2311.95 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: