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Exide Industries shares gain on agreement for solar power generation

Shares of Exide Industries Ltd surged in early trade today after the automotive battery manufacturer said it inked an agreement to buy a 26 percent equity stake in Clean Max Arcadia, a special purpose vehicle (SPV) promoted and incorporated by Clean Max Enviro Energy Solutions, for the generation and supply of solar power. Exide Industries has agreed to invest Rs. 5,34,59,929 or Rs 5.34 crore in Clean Max Arcadia. 
Clean Max Arcadia Private Exide Industries Party Transaction Exide Industries Ltd Clean Max Enviro Energy Solutions Clean Max Enviro Energy Solutions Pvt Ltd

Bangalore airport joins hands with renewable energy firm CleanMax on long-term project

CleanMax, a renewable power solutions provider, has signed a 25-year power purchase agreement with Bangalore International Airport Limited (BIAL) for a 45.9 MW Solar-wind Captive Power Project in Jagaluru, Karnataka. The project aims to provide reliable and continuous power supply while effectively managing consumption load.
Kuldeep Jain Hari Marar Bangalore International Airport Limited Clean Max Enviro Energy Solutions Pvt Ltd Renewable Energy Private Captive Power Project

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