Tech Mahindra Ltd.

Tech Mahindra has entered into share subscription agreement to acquire 26% equity shares in Upendra Singh Multi Transmission. The acquisition would enable the company to procure 1.5 MW of Solar Energy for its captive consumption at its facilities located in Noida, UP. The total consideration would be Rs 48 lakh.

Tech Mahindra is signatory to Business Ambition for 1.5 degree C that commits to contain the rise in global in temperature by 1.5 degree C. Tech Mahindra has adopted a climate action plan that provides a roadmap for the organization to become Net Zero before 2040. While it has installed rooftop Solar plants at all its owned campuses, it also plans to procure Renewable Energy (RE) through captive projects at all its owned campuses. Captive or Group captive projects are projects set up by a developer with a minimum equity contribution of 26% from interested consumers (viz. Tech Mahindra) and the RE generated from such projects is consumed by Tech Mahindra as per government norms.

Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise.