Relaxo signs definitive agreements with Clean Max for renewable energy supply
RELAXO · price
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Relaxo Footwears has executed definitive agreements with Clean Max MUOI Private Limited (SPV) and Clean Max Enviro Energy Solutions Limited for renewable energy procurement. The deal covers an Energy Supply Agreement, Investment Agreement (Share Purchase and Shareholding) and a Performance Incentive Agreement. Relaxo will invest in the SPV to source renewable power for its Haryana manufacturing facilities under the group captive mechanism. This continues earlier disclosures from May and June 2026.
Positive for cost savings and sustainability. Will help reduce power costs at Haryana plants through captive renewable energy. Limited immediate financial impact.