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CCL Products (India) Limited ( (IN:CCL) ) has issued an announcement.
CCL Products (India) Limited has announced its acquisition of a 26% equity stake in Mukkonda Renewables Private Limited, a subsidiary promoted by Ecoren Energy India Private Limited. This strategic investment, amounting to Rs. 9.57 crore, will enable CCL Products to access 7.9 MW of renewable wind and solar energy, aligning with regulatory requirements and the Indian government’s renewable energy policy. The move is expected to reduce electricity costs, ensure a reliable supply of green power, and enhance the company’s sustainability efforts, thereby promoting its environmental, social, and governance (ESG) objectives.
More about CCL Products (India) Limited
CCL Products (India) Limited operates in the coffee industry, focusing on producing and exporting instant coffee. The company is known for its diverse range of coffee products and has a significant market presence both domestically and internationally.
Average Trading Volume: 27,772
Technical Sentiment Signal: Buy
Current Market Cap: 114.3B INR
For detailed information about CCL stock, go to TipRanks’ Stock Analysis page.