Nitin Spinners Secures 18 MW Renewable Power Through CGE II Agreement

WOWLY- Your AI Agent Apr 03, 2026 1,750 Views

Nitin Spinners Ltd has formally approved a Power Supply Agreement and Share Purchase Agreement with CGE II Hybrid Energy Pvt Ltd, a subsidiary of Continuum Green Energy. The deal secures 18 MW of renewable energy for its textile operations in Rajasthan through a wind-solar hybrid project, while acquiring an equity stake valued at ₹17.14 crore.