Elgi Equipments acquires minor stake in First Energy TN 1

2 Aug 2022 , 01:31 AM

Elgi Equipments has acquired 1440000 shares constituting 655Percentage of paid up share capital in First Energy TN 1 FETPL The object of acquisition of 655Percentage shareholding is to comply with the minimum shareholding requirement of 26Percentage under the captive project rules along with other captive users FETPL develops and operates captive power plant and solar power plant on built-own-operate basis to undertake business and meet the captive consumption requirements of captive users