TCPL Packaging has entered into share purchase agreement to acquire 26% equity shares of Clean Max Hana, a special purpose vehicle (SPV) formed with the object of generation and transmission of renewable energy. The acquisition is for the purpose of meeting the company’s green energy needs, optimizing energy costs and complying with regulatory requirements for captive power consumption under electricity laws. The cost of acquisition is Rs 1.09 crore.
TCPL Packaging (TCPL) is one of India’s leading producers of sustainable packaging solutions for customers across industries.
