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Motherson Sets Up New Renewable Energy Subsidiary for Captive Power Needs

Story Highlights
  • Samvardhana Motherson has created Motherson Energy Systems Bhend as an indirect wholly owned unit.
  • The new subsidiary will develop renewable projects in Maharashtra to supply captive power to the group.
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Motherson Sets Up New Renewable Energy Subsidiary for Captive Power Needs

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The latest announcement is out from Samvardhana Motherson International Limited ( (IN:MOTHERSON) ).

Samvardhana Motherson International Limited has expanded its energy portfolio via its wholly owned arm Motherson New Energy Limited, which has incorporated a new indirect wholly owned subsidiary, Motherson Energy Systems Bhend Limited. The new entity will focus on designing, developing, owning and operating renewable energy and infrastructure projects at Bhendwade in Maharashtra, primarily to supply captive power to the wider Motherson Group and support its long-term energy needs.

The incorporation of Motherson Energy Systems Bhend Limited marks a strategic move to secure in-house renewable power and enhance energy efficiency for the group’s operations. By internalising renewable generation capacity, the company aims to strengthen cost control, reduce dependence on external power sources and align its industrial footprint with the growing regulatory and ESG focus on clean energy within India’s manufacturing sector.

More about Samvardhana Motherson International Limited

Samvardhana Motherson International Limited is a diversified automotive and technology supplier with a growing presence in energy-related businesses through its subsidiary Motherson New Energy Limited. The group is expanding into designing and operating power and infrastructure projects, with a focus on renewable energy solutions for internal, captive consumption across its operations.

Average Trading Volume: 899,860

Technical Sentiment Signal: Strong Buy

Current Market Cap: 1414.2B INR

For an in-depth examination of MOTHERSON stock, go to TipRanks’ Overview page.

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