Action Construction Equipment Limited has informed the Exchange about Investment in Hexa Energy HR1 Private Limited
ACE · price
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Action Construction Equipment Limited (ACE) will invest about Rs. 73.5 lakhs to subscribe to 18,702 equity shares of Hexa Energy HR1 Private Limited at Rs. 393 per share (face value Rs. 10, premium Rs. 383). This will give ACE roughly 29.55% of Hexa Energy's post-issue capital. Hexa Energy is setting up a 1.5 MW AC/2.1 MWp DC solar power project as part of a 50 MW solar park in Haryana. The investment is a pre-condition for ACE to participate in the project and buy power under a Power Purchase Agreement (PPA), and ACE must hold at least 26% at all times. The deal is not a related-party transaction and is expected to complete within 1-2 months.
The investment size is small (under Rs. 1 crore) and is aimed at securing renewable power for ACE's own use rather than adding a new revenue stream, so direct earnings impact is limited. It signals ACE's intent to source cleaner energy for its operations and lock in long-term power costs, but is unlikely to move the stock meaningfully on its own.