Shah Metacorp's ₹25 Crore Renewable Energy Venture
Shah Metacorp Ltd has announced a strategic partnership with Strike Eco Grid to fund renewable energy projects. With a potential stake increase to 75%, the collaboration aims at sustainable infrastructure development in India, involving funding of up to ₹25 crore for solar and renewable projects.
Ahmedabad-based Shah Metacorp Ltd announced on Tuesday a collaboration with Strike Eco Grid to fund renewable energy projects with up to Rs 25 crore.
Shah Metacorp has acquired a 26% stake in Strike Eco Grid, with aims to jointly develop renewable energy and infrastructure projects.
The company is poised to enhance its stake to 75%, subject to business performance and mutual agreements.
Viral Shah, CEO, stated, "We aim to establish a long-term presence in renewable energy and sustainable infrastructure."
(With inputs from agencies.)
Advertisement
Google News