ISGEC completes acquisition of 26% stake in FPEL HR1 Energy

ISGEC Heavy Engineering Ltd. announced on December 17, 2025, the completion of its acquisition of a 26% equity stake in FPEL HR1 Energy Private Limited. This development follows earlier intimations on October 6, 2025, and December 4, 2025, regarding the execution of a solar power purchase agreement and a share subscription and shareholders’ agreement.

The company confirmed it received an intimation of equity share allotment today, marking the finalization of the acquisition. This strategic move aligns with ISGEC's expansion into the solar power sector.

Further details regarding this completion have been uploaded to ISGEC's official website. The announcement was signed by Kalyan Ghosh, compliance officer for ISGEC Heavy Engineering Limited.