Aarti Industries invests INR 16.7 crores in clean energy SPV

Aarti Industries (BSE:AARTIIND) has disclosed an investment of INR 16.708 crores (approximately $2.02M USD) into ‘Clean Max Indus Private Limited’, a special purpose vehicle (SPV) formed to establish a 16.50 MW wind-solar hybrid power project. This initiative aims to fulfill the company's power requirements through renewable energy sources. The investment, formalized through a Shareholders Agreement dated March 5, 2025, will be used to infuse capital into the SPV. The expected timeline for the capital infusion is within 30 days, subject to potential mutual agreement adjustments by the involved parties. This announcement follows a previous intimation dated January 30, 2025, regarding the company’s entry into an agreement with ‘Clean Max Enviro Energy Solutions Private Limited' and 'Clean Max Indus Private Limited'. The company reaffirmed compliance with SEBI (LODR) Regulations, having already disclosed details in a prior communication dated November 11, 2024.