Craftsman Automation has announced an equity investment in Event Green Power Private Limited (EGPPL) to support solar power initiatives under the Group Captive Scheme, as per the Electricity Act, 2003. The investment involves acquiring 4,200 equity shares of EGPPL, representing a 1.91% stake. This move aligns with the company’s commitment to sustainable energy solutions.
Strategic Investment Overview
Craftsman Automation has made an equity investment in Event Green Power Private Limited (EGPPL) to further its involvement in solar power generation. This investment supports the Group Captive Scheme, operating under the guidelines of the Electricity Act, 2003.
Details of the Investment
The company has invested a total of ₹42,000 to acquire 4,200 equity shares in EGPPL, with each share having a face value of ₹10. This acquisition results in Craftsman Automation holding approximately 1.91% of the equity share capital of EGPPL.
About Event Green Power Private Limited (EGPPL)
Event Green Power Private Limited (EGPPL) was incorporated on November 30, 2021, and is primarily involved in the generation and transmission of power. The company’s turnover for the past three financial years is as follows:
- FY 22-23: ₹0.73 Crores
- FY 23-24: ₹2.02 Crores
- FY 24-25: ₹4.57 Crores
Source: BSE