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Elgi Equipments inks pact to acquire 18.01% stake in Constronics Energy Solution

21 Aug 2026 Evaluate

Elgi Equipments has entered into a Share Subscription and Shareholders’ Agreement and Power Purchase Agreement with Constronics Energy Solution (SPV) to acquire 18.01% of share capital. Cost of acquisition is Rs 1.62 crore. The proposed investment envisages procurement of renewable energy for the consumption of the company over a tenure of 25 years with an objective of long-term tariff visibility and optimisation of power costs.

Elgi Equipments is a global air compressor manufacturer with a broad line of innovative and technologically superior compressed air systems. 


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