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Carborundum Universal Invests ₹79.6 Million for 4.19% Stake in Grian Energy Private Limited

Updated: June 25, 2025 21:37

Image Source: EquityBulls
Carborundum Universal Ltd (CUMI) has announced an investment of ₹79.6 million (₹8 crore) to acquire a 4.19% equity stake in Grian Energy Private Limited (GEPL), a move aligned with its sustainability and clean energy goals.
 
Key Highlights:
 
CUMI has entered into a share subscription and shareholders’ agreement with Grian Energy Private Limited (GEPL) and Amplus Energy Solutions PTE Limited, Singapore, to acquire the stake.
 
GEPL is developing a captive power plant in New Delhi focused on supplying solar and wind energy to meet the captive consumption needs of industrial users.
 
The investment will give CUMI access to approximately 10 MW of contracted capacity from GEPL’s renewable energy project, supporting the company’s efforts to source clean, green energy for its power-intensive manufacturing operations.
 
This move is expected to help CUMI reduce its carbon footprint and advance its sustainability agenda.
 
The acquisition is not a related-party transaction, and the investment will be made through cash from CUMI’s internal accruals.
 
The transaction is anticipated to be completed by March 2025.
 
GEPL is a newly established entity with a net worth of ₹118 crore and is yet to commence commercial operations.
 
This investment reflects CUMI’s commitment to integrating renewable energy into its operations and supporting India’s transition to cleaner industrial practices.
 
Source: Carborundum Universal Ltd, Grian Energy Private Limited, Amplus Energy Solutions

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