Craftsman Automation has made an equity investment in Viksha Green Energy Private Limited to procure solar power under the Group Captive Scheme, as per the Electricity Act, 2003. The investment aims to utilize solar energy for captive consumption, promoting sustainable energy practices. Craftsman Automation invested ₹11,550 for 1,155 equity shares, representing 5.78% of VGEPL’s equity.
Equity Investment in Green Energy
Craftsman Automation Limited has announced an equity investment in Viksha Green Energy Private Limited (VGEPL) to support solar power generation. This strategic move aligns with regulations and enhances sustainable practices within the company’s operations.
Investment Details
The company invested ₹11,550, acquiring 1,155 equity shares of VGEPL at a face value of ₹10 each. This investment represents approximately 5.78% shareholding in Viksha Green Energy Private Limited.
Viksha Green Energy Overview
Viksha Green Energy Private Limited, incorporated on February 20, 2025, is focused on the generation and transmission of power. The company’s registered office is located in Coimbatore, Tamil Nadu. As of now, the turnover for the last three years is not applicable. VGEPL has an authorized capital of ₹10,15,00,000 and a paid-up capital of ₹10,02,00,000.
Strategic Rationale
This investment supports Craftsman Automation’s commitment to utilizing renewable energy sources under the Group Captive Scheme, as required by the Electricity Act, 2003. By investing in solar power through VGEPL, the company aims to reduce its carbon footprint and promote environmental sustainability.
Source: BSE