Biocon has entered into an agreement for the purpose of acquisition of solar power by acquiring equity stake up to 26% in AMPYR Renewable Energy Resources Eleven (AREREPL), a Special Purpose Vehicle formed for generation and supply of solar power. AREREPL was incorporated on 13 April 2021, which will engage in the business of power generation and will develop a 30 MWac solar power plant in Benkanhal Village Kanakagiri Taluk, Koppal District of Karnataka. The acquisition is for purpose of enhancing the renewable based power consumption. Powered by Capital Market – Live News
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