MRF Invests ?7.26 Crore in Clean Energy Initiative

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MRF Limited, the renowned tyre manufacturer, has announced its plan to acquire a 26% stake in Clean Max Omni Private Limited for ?7.26 crores. This investment signifies MRF’s strategic move into renewable energy sourcing, as it enters into a captive power purchase agreement with Clean Max Omni for a hybrid power supply under the government’s captive power policy. Clean Max Omni, established in July 2023 in Mumbai, focuses on developing clean and green energy solutions. The acquisition is expected to be finalized within 3-4 months.

Note: The above-mentioned news was first published by us in our ProjectX India | 15th November 2024 edition.. Do you want to buy this issue or our latest issue? If yes! click here

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