Sangam (India) has entered into share purchase agreement to acquire 49% equity shares of Clean Max Kenai, a company engaged in generation and transmission of renewable energy. The acquisition is to augment captive renewable energy capacity of up to 20 MW for the company’s Rajasthan-based plants through a qualifying Wind-Solar Hybrid captive project, ensuring long-term cost efficiency and sustainability. The cost of acquisition is up to Rs 24 crore.
Sangam (India) is engaged in manufacturing of cotton, synthetic blended yarns, open yarn, synthetic and denim fabric weaves, cotton knitted fabric seamless garment knitting, and fabric processing.
