Nitin Spinners Ltd has announced a board meeting and approved acquiring an 18.12% stake in CGE II Hybrid Energy Pvt Ltd, a renewable energy firm developing wind-solar hybrid projects in Rajasthan.

This strategic move secures 18 MW of captive renewable power for its plants, supporting sustainability goals.

The acquisition cost is Rs. 17.14 Cr, with completion targeted by August 2025. CGE II is a newly formed subsidiary with no current revenue.