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SHAH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Shah Metacorp Ltd has signed a strategic MOU with Strike Eco Grid Private Limited, acquiring an initial 26% stake with plans to increase it up to 75% in phases. The company will provide funding support of up to Rs. 25 crore for renewable energy projects including solar EPC, captive and open access power projects, renewable infrastructure, and ESG-related businesses. This marks Shah Metacorp's official entry into the renewable energy sector. The company also reported Q3 FY26 revenue of approximately Rs. 149 crore and PAT of Rs. 4 crore, with Q4 FY26 results expected to be announced later this month. Shah Metacorp is primarily engaged in manufacturing stainless steel and mild steel long products.
This diversification into renewable energy signals Shah Metacorp's strategic shift toward clean energy and sustainable infrastructure, potentially opening new revenue streams. The planned Rs. 25 crore investment and phased stake acquisition indicate a committed long-term expansion strategy that could positively influence investor sentiment.