Casting Sunlight on Strategy—Craftsman Fuels Future with Solar Move

Craftsman Automation Ltd has invested in LS Ill Solar Green Energy afresh, reinforcing its focus on renewable energy and compliance with law under India's Electricity Act, 2003. This is a part of the company's overall plan to provide green power for captive consumption and reduce its carbon footprint.

 

Although no particular financial data of the LS Ill Solar Green Energy investment was referred to in the latest filing, the company had previously made similar equity investments in solar and wind power firms such as Alagendira Solar Energy, Urvang Agro, and RC Green Powers, acquiring minority stakes to meet its energy needs under the Group Captive Scheme.

 

This new investment is expected to:

The company's shares have remained under the spotlight as it continues to diversify energy sourcing as well as strengthen its sustainability profile.

 

Relevant Sources: Business Upturn, Craftsman Automation, StockInsights