Exide Industries to Invest 30% of Equity Shares in Three SPVs for Captive Solar Projects

The cost of developing the captive solar power projects is expected to be ₹200.5 million

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Exide Industries, an Indian lead-acid storage battery manufacturer, will invest up to 30 percent of its total equity share capital in three special purpose vehicles (SPVs) to set up captive solar power projects for its manufacturing facilities.

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