India’s PG Electroplast secures solar energy provide through stake purchase

February 7 (Renewables Now) – Indian digital manufacturing providers specialist PG Electroplast Ltd (BOM:533581) has signed a deal to purchase a ten.1% fairness curiosity in a solar energy agency for the aim of securing electrical energy provide for factories in Uttar Pradesh.

PG Electroplast mentioned in a bourse submitting that it agreed to amass the minority stake in Solarstream Renewable Companies Pvt Ltd.

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This deal will pave the way in which for the buying of energy from 2.06 MW/3.10 MWp of photo voltaic capability. PG Electroplast will use this electrical energy quantity to satisfy the wants of its manufacturing crops at Larger Noida, it added.

The transaction ought to shut by the top of June.

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