ImportantAgreements
DMCC cancelled its prior power purchase agreement with AMPYR Renewable Energy Resources Twelve B Private Limited without penalty.
DMCC SPECIALITY CHEMICALS LIMITEDDMCC · Filed with the exchange
It has now entered into a new Power Purchase Agreement and Shareholders' Agreement with AMPYR Renewable Energy Resources Twelve A Private Limited.
This strategic move aims to enable DMCC to draw solar power as a captive user, reducing its energy consumption costs.
DMCC will make an initial cash investment of Rs. 0.83 Cr, securing a 1.94% shareholding for this green energy initiative.
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