Shah Metacorp's ₹25 Crore Renewable Energy Venture
Shah Metacorp Ltd has announced a strategic partnership with Strike Eco Grid to fund renewable energy projects. With a potential stake increase to 75%, the collaboration aims at sustainable infrastructure development in India, involving funding of up to ₹25 crore for solar and renewable projects.
Ahmedabad-based Shah Metacorp Ltd announced on Tuesday a collaboration with Strike Eco Grid to fund renewable energy projects with up to Rs 25 crore.
Shah Metacorp has acquired a 26% stake in Strike Eco Grid, with aims to jointly develop renewable energy and infrastructure projects.
The company is poised to enhance its stake to 75%, subject to business performance and mutual agreements.
Viral Shah, CEO, stated, "We aim to establish a long-term presence in renewable energy and sustainable infrastructure."
ALSO READ
-
Carbon Capture Could Cut Solar Power Waste and Battery Needs Across ASEAN
-
€300M Financing Deal Gives Czech and Slovak Businesses Room to Grow Greener
-
EIB Backs Reactive Technologies to Cut Outage Risks and Boost Clean Power
-
Maldives Targets Debt and Fuel Dependence as ADB Sets Out Five-Year Support Plan
-
AfDB selects four green hydrogen projects of $20 million grants in Africa
Google News