Sundaram Clayton has acquired 11.63% of the equity share capital of Navia Two Power (Navia) on November 27, 2025, for a total consideration of Rs 1.16 lakh. The purpose of this acquisition is to comply with regulatory requirement for captive power consumption under Indian Electricity laws.
Navia is a special-purpose vehicle of Zelestra Group, incorporated on August 12, 2024, is engaged in the business of electric power generation using other non-conventional sources and sale.
Sundaram-Clayton (SCL) is one of the largest auto components manufacturing and distribution group in India. SCL is a leading supplier of aluminium die castings to automotive and non-automotive sector.
