RANE HOLDINGS : RENEWABLE ENERGY INVESTMENT & CAPTIVE SOLAR POWER ☀️⚡

• 🌞 Wholly-owned subsidiary Rane Steering Systems Pvt Ltd (RSSL) signed a Power Purchase Agreement with Hexa Energy BH Pvt Ltd • 🏭 Solar power project located at Bawal, Haryana • 📈 RSSL to acquire 26% equity stake in Hexa Energy BH Pvt Ltd • 💰 Acquisition cost: ₹0.78 Crore • ⚡ Investment aimed at complying with captive power consumption requirements under electricity laws • 🔋 Hexa Energy operates in renewable energy generation, transmission and distribution • 🚗 Supports Rane Group's efforts to increase renewable energy usage and reduce power costs 🟢 Impact: Positive (Captive solar power can lower energy costs, improve sustainability credentials and support long-term operational efficiency.)

RANE HOLDINGS LIMITED

← Back to feed