Birla Corporation Completes Stake Acquisition in CGE II Hybrid Energy

Birla Corporation Ltd. has successfully completed the acquisition of a 6.04 percent equity stake in CGE II Hybrid Energy Pvt. Ltd., reinforcing its commitment to sustainable energy solutions.

This acquisition, first announced on March 7, 2025, is linked to a Share Purchase Agreement (SPA) and Power Purchase Agreement (PPA) that allows Birla Corporation to source up to 6 MW of hybrid wind-solar power for its Chanderia plant in Rajasthan under the captive power consumer model.

The acquisition marks another step in Birla Corporation’s strategy to transition towards cleaner energy sources while optimising its operational efficiency. All customary formalities related to the transaction have been completed.

It may be noted that, on March 7, 2025, Birla Corporation has finalised the acquisition of a 6.04 percent equity stake in CGE II Hybrid Energy Pvt. Ltd.for INR 5.71 crore.

Structured as a cash transaction, the shares were acquired at a face value of INR 10 each. This move reflects the company’s commitment to reducing dependence on conventional energy sources and advancing its sustainability agenda.