JV/AcquisitionAcquisition

Vodafone Idea has acquired a 26% stake in MTK Quantum Green Energy for Rs 4.33 Cr.

Vodafone Idea Limited logo
Vodafone Idea LimitedIDEA · Filed with the exchange

MTK Quantum is developing a Captive Solar Power Plant in Tamil Nadu.

This strategic investment aims to secure cost-effective renewable energy for Vodafone Idea, helping meet its power needs and potentially reducing operational expenses.

The move aligns with the company's efforts to enhance energy efficiency and ensures a dedicated, sustainable power source for its operations.

This acquisition bolsters Vodafone Idea's operational resilience.

Read the original filing(PDF)

No comments yet. Be the first.

More from Vodafone Idea Limited

All announcements