BASF India Limited has informed regarding Acquisition of 26% equity stake in Clean Max Amalfi Private Limited, special purpose vehicle in connection with renewable power procurement for its Dahej & Panoli Manufacturing sites.
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BASF India's Board, on July 30, 2025, approved acquiring a 26% equity stake in Clean Max Amalfi Private Limited, a Special Purpose Vehicle set up by Clean Max Enviro Energy Solutions. The investment is capped at INR 65.93 million (approximately ₹6.59 crore). The SPV will supply around 28,854 MWh of solar and wind power over 25 years to BASF India's Dahej and Panoli manufacturing sites in Gujarat under the Group Captive Power Generation Mechanism. The deal is still subject to signing of definitive agreements, a shareholders' agreement, a 25-year Power Purchase Agreement, and other regulatory approvals.
The investment is financially small and primarily a strategic move to secure long-term, cost-effective renewable energy for BASF India's manufacturing operations, supporting sustainability goals. It is unlikely to materially affect earnings or stock price, but signals the company's commitment to green energy transition.