VBL to buy 30% stake in FPEL HR2 Energy for captive solar power
VBL · price
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Varun Beverages (VBL) board approved investing up to Rs 1.58 Crore for up to 30% equity in FPEL HR2 Energy, a special purpose vehicle to generate and supply solar power in Haryana. This secures captive solar power for VBL facilities in Nuh, Panipat and any new Haryana site, reducing power costs. FPEL HR2 is yet to start operations. Board also approved Q4/FY25 audited results, final dividend of Rs 0.50 per share, continuation of independent director Abhiram Seth, and AGM on April 1, 2026.
Small captive solar investment to cut energy costs at Haryana plants and support sustainability. Final dividend of Rs 0.50 per share declared.