JV/AcquisitionAcquisition
SWELECT Energy Systems announced a strategic move to boost its solar power capacity.
Swelect Energy Systems LimitedSWELECTES · Filed with the exchange
The board approved an additional investment of **Rs. 5.52 Crore** in SWELECT Sunpower Plus Private Limited, currently a wholly-owned subsidiary.
This capital will fund a new **5 MW solar power plant** in Karnataka under a Group Captive Scheme.
Post-investment, SWELECT's ownership will adjust from 100% to **86.10%**, with other captive consumers joining.
This investment highlights SWELECT's commitment to expanding its renewable energy footprint and securing captive power.
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