Greenply's Subsidiary Invests in Solar Firm for Captive Power Generation Facility
Greenply Industries Ltd.'s Wholly Owned Subsidiary (WOS), Greenply Sandila Private Limited, has made a significant investment into Albano Solar Private Limited. The investment is aimed at establishing a group captive power generation facility to benefit the WOS's manufacturing unit in Uttar Pradesh.The subsidiary invested INR 45,00,000/- in equity shares of Albano Solar Private Limited, which accounts for 26% of the total equity in the company. This strategic investment supports the development of a captive power facility with a capacity of 1.5 MW (AC) located in Uttar Pradesh.
The generated power from this facility is designated for use by Greenply Sandila Private Limited at its manufacturing unit situated at Plot No. H-2, Phase - I, Sandila Industrial Area, Raiso, Hardoi, Uttar Pradesh. This initiative is expected to reduce the operational power costs for the WOS.
Albano Solar Private Limited was incorporated under the Companies Act, 2013 on March 13, 2023, and focuses on developing clean and green energy solutions. The investment details are as follows:
| Particulars | Details |
|---|---|
| Target Entity Name | Albano Solar Private Limited |
| Industry | Renewable Energy Power Generation |
| Investment Amount | INR 45,00,000/- |
| Percentage of Equity Acquired | 26% |
Albano Solar Financial Overview
The following table provides a snapshot of the key financial metrics for Albano Solar Private Limited across recent periods:| Particulars | FY 23-2024 (Audited) | 24-FY 2025 | FY 25-2026 (Un-Audited) |
|---|---|---|---|
| Total Income (Rs. in Thousand) | NIL | 145.98 | 72.73 |
| Profit After Tax (PAT) (Rs. in Thousand) | (31.66) | (157.28) | (664.80) |
| Net Worth (Rs. in Thousand) | 68.35 | (88.94) | 5532.61 |
The acquisition was made through a cash consideration, purchasing 4,50,000 equity shares of Albano Solar Private Limited at Rs. 10/- each. This project development in Uttar Pradesh is projected to be completed within 15 days.
GREENPLY Stock Price Movement
Today, Greenply Industries Limited shares edged higher to close at ₹291.79, gaining 5.02% as the stock finished strong in after-hours trading. The company’s equity saw robust activity today, with over 1.16 million shares traded during the market 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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