CIE Automotive India announced the completion of its investment in AMPIN Energy C&I Thirty One Private Limited. With the allotment of 8,75,000 equity shares on January 14, 2026, for Rs. 87,50,000/-, the second and final tranche investment is concluded. This investment allows CIE Aluminium Casting India Limited (CIEALCAST) to qualify as a captive consumer, optimizing power costs at its plant.
Final Tranche Investment Concluded
CIE Automotive India has completed its investment in AMPIN Energy C&I Thirty One Private Limited with the allotment of 8,75,000 equity shares. This follows the initial investment tranche made earlier. The company’s subsidiary, CIE Aluminium Casting India Limited (CIEALCAST), entered into a Share Subscription and Shareholders Agreement (SSSHA) with AMPIN Energy C&I Thirty One Private Limited.
Details of the Allotment
On January 14, 2026, AMPIN Energy Thirty One allotted 8,75,000 equity shares to CIEALCAST, representing the Second and Final Tranche investment. The shares have a face value of Rs. 10/- each, amounting to a total consideration of Rs. 87,50,000/-. The first tranche investment was completed earlier via subscription to 8,75,000 equity shares.
Strategic Rationale
The purpose of this investment is to ensure that CIEALCAST qualifies as a captive consumer of power generated by AMPIN Energy. AMPIN Energy is setting up a captive generating plant with a gross capacity of around 5 MWp (3.3 MWac). CIEALCAST must hold at least 26% of the total equity capital of the power generating plant to qualify as a captive consumer, therefore optimizing the power cost at the factory situated at Ch. Sambhaji Nagar, Maharashtra.
Source: BSE
