Announced Wed, 24 Jun · 14:38 IST
Acquires 100% interest in Arankam Green Energy for Rs 90 lakh
Price
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Price reaction · full curve 14 horizons · vs prior close
-9.2%1-day move
₹22.80
prior close
₹21.67
base price
In-mkt
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AI summary
RDB Infrastructure and Power has acquired 100 percent partnership interest in M/s Arankam Green Energy Solution for Rs 90 lakh in cash. Arankam is an SPV for a 6.3 MW solar power project at Saharanpur, Uttar Pradesh, with a Power Purchase Agreement with UPPCL and Letter of Award from UPNEDA. The deal is not a related party transaction. The firm was registered in April 2025.
Likely market impact
Marks entry into renewable energy. Small ticket size (Rs 90 lakh) but adds a 6.3 MW solar project with assured off-take through UPPCL PPA.