Craftsman Automation invests Rs 1.07 cr in Sterling MH Wind for renewable power
CRAFTSMAN · price
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Craftsman Automation will subscribe to 2,14,500 equity shares of Sterling MH Wind Private Limited at Rs 50 per share, totalling Rs 1.07 crore, for a 26.66% stake. The investment supports procurement of renewable wind power under the Group Captive framework for its Maharashtra manufacturing facilities including Pune operations. Sterling MH is an SPV promoted by Sterling Agro Industries, incorporated in February 2026. The deal is not a related party transaction and involves cash consideration only.
Strategic investment to secure renewable power and optimise energy costs at Maharashtra plants; supports sustainability goals but small deal size limits direct financial impact.