CHAMBLFERTChambal Fertilisers & Chemicals Ltd
Chambal Fertilisers to Buy 26% of Clean Max Hachi for a Rajasthan Captive Solar-Wind Plant
- Mergers & acquisitions
- Fertilisers
Chambal Fertilisers and Chemicals Limited has told the exchanges that on 17 Oct 2026 it signed a share purchase agreement with Clean Max Enviro Energy Solutions Limited and Clean Max Hachi Private Limited to buy a 26% stake in the special purpose vehicle, which will build a captive power generation facility, from Clean Max Enviro.
The SPV has an authorised share capital of ₹30,00,000 (3,00,000 equity shares of ₹10 each) and has not begun operations. It is to develop and run a hybrid wind-solar captive facility of 5 MW in Rajasthan. The company will invest up to ₹6 crore for the 26%, all in cash, and expects to complete within two months of the agreement. No governmental or regulatory approval is needed.
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