Sanathan Textiles Subsidiary to Acquire 26% in Serentica Unit for Captive Green Power

Sanathan Textiles Limited ( (IN:SANATHAN) ) just unveiled an update.

Sanathan Textiles’ subsidiary Sanathan Polycot Private Limited has agreed to acquire a 26% stake in Serentica Renewables India 33 Private Limited through a share subscription and shareholders’ agreement, coupled with a power supply pact for 32 MW of captive renewable power. The deal, which is subject to customary conditions and regulatory clearances, is aimed at securing long-term, cost-effective green power under the captive user framework, supporting the company’s manufacturing needs while advancing its emission-reduction and energy cost-optimisation goals.

More about Sanathan Textiles Limited

Sanathan Textiles Limited operates in the textiles industry through its wholly owned subsidiary Sanathan Polycot Private Limited, which focuses on manufacturing operations that require significant and reliable power supply. The group is increasingly aligning its operations with renewable energy sources to support long-term cost efficiency and sustainability objectives in a competitive industrial landscape.

Average Trading Volume: 766

Technical Sentiment Signal: Strong Sell

Current Market Cap: 31.06B INR

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