CCL Products (India) Limited has informed the Exchange about Agreement to acquire equity stake.
CCL · price
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CCL Products (India) Limited will acquire a 26% equity stake in M/s. Mukkonda Renewables Private Limited, a Special Purpose Vehicle promoted by Ecoren Energy India Private Limited, for a total cash investment of Rs. 9.57 crores. The SPV was recently incorporated on July 18, 2025, and is engaged in renewable power generation. This investment will give CCL access to approximately 7.9 MW of wind and solar energy on a captive consumption basis, helping the company reduce electricity costs and secure a reliable green power supply. The investment will be made in three tranches — 30% within 10 days of signing key agreements, 40% upon equipment orders, and 30% upon equipment delivery. Upon completion, the SPV will become an associate company of CCL Products.
This is a strategic, small-ticket investment (under Rs. 10 crores) aimed at lowering long-term power costs and meeting ESG goals rather than driving revenue growth. The deal is unlikely to materially impact the stock price but signals management's focus on sustainable operations and cost efficiency.