Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
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Emrock Corporation Ltd's subsidiary Emrock Energy Private Limited (in which the parent holds 50.49%) has received board approval to set up a new Bio-CNG project. The project will produce 1,600 tons of Bio-CNG, 8,652.80 tons of Fermented Organic Manure, and 14,732.80 tons of Liquid Fermented Organic Manure annually. The total estimated project cost is ₹30-33 crores, to be funded through fresh capital infusion and bank or financial institution loans. The project is targeted for completion by June 30, 2026, subject to statutory approvals and construction progress. This marks the company's strategic entry into the renewable energy sector.
This announcement signals Emrock's diversification into the renewable energy space via its subsidiary. While the project carries long-term growth potential, investors should note it will take over a year to become operational, and the exact impact on financials depends on future capitalization and profitability of the Bio-CNG business.