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UNO Minda Limited ( (IN:UNOMINDA) ) has provided an announcement.
UNO Minda Limited has approved an investment of up to INR 6.50 crore, alongside its subsidiary Uno Minda Kyoraku Ltd., to acquire up to 30% equity in Hexa Sunshine Private Limited, a special purpose vehicle set up to generate and distribute renewable power in India. The funding, to be made in cash and in one or more tranches by the third quarter of FY 2026-27, will be used to source solar and wind energy under open access for the company’s and UMKL’s units in Gujarat, enabling a higher share of renewable power in their energy mix and supporting both cost efficiency and sustainability objectives.
More about UNO Minda Limited
UNO Minda Limited is an India-based automotive components manufacturer serving original equipment manufacturers with a diversified portfolio of products. Through its subsidiary Uno Minda Kyoraku Ltd., the company operates multiple manufacturing units across India, including facilities in Gujarat, and is increasingly focusing on integrating sustainability and renewable energy into its operations.
Average Trading Volume: 26,801
Technical Sentiment Signal: Buy
Current Market Cap: 683.2B INR
See more data about UNOMINDA stock on TipRanks’ Stock Analysis page.