Bharat Gears Invests in Hexa Energy HR5 to Secure Solar Power for Units
Bharat Gears Limited has made a strategic investment in the equity shares of Hexa Energy HR5 Private Limited. The transaction positions the company to utilize renewable energy sources for its operations, specifically aimed at curtailing power costs at its Faridabad and Mumbra units.The company invested Rs. 1,27,39,980/- (Rupees One Crore Twenty Seven Lakhs Thirty Nine Thousand Nine Hundred Eighty Only) in Hexa Energy HR5 Private Limited. This investment secured 13,134 Equity Shares of the target entity. The acquisition translates to a 29.55% stake in the paid up share capital of Hexa Energy HR5 Private Limited.
The strategic move is directly related to the procurement of Solar Power for Faridabad and Mumbra Unit of Bharat Gears Limited. This power will be used as a captive user under a Power Purchase Agreement dated November 20, 2025, intended to help manage and reduce energy expenses across these operational units.
Hexa Energy HR5 Private Limited is described as a Special Purpose Vehicle (SPV) promoted by Hexa Climate Solutions Private Limited. The company it represents operates in the industry of generating and transmitting electricity through renewable sources in India.
Key details regarding the investment and the target entity are presented below:
| Particulars | Details |
|---|---|
| Target Entity | Hexa Energy HR5 Private Limited (Newly Incorporated) |
| Industry | Generating electricity through renewable sources of energies in India |
| Investment Amount | Rs. 1,27,39,980/- |
| Shares Acquired | 13,134 Equity Shares |
| Issue Price per Share | Rs. 970/- |
| Shareholding Acquired | 29.55% of Paid-Up equity share capital |
The allotment of the shares occurred on June 02, 2026, with the intimation of the allotment received on June 03, 2026.
BHARATGEAR Stock Price Movement
Shares of Bharat Gears Limited today slipped by 0.32% to settle at ₹113.56, closing lower after morning trading activity. The stock saw a total traded volume of 23,077 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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