Gujarat Alkalies and Chemicals Limited Invests in Renewable Energy Project through Cleanmax Sphere Energy Private Limited
Gujarat Alkalies and Chemicals Limited (GACL) has invested significantly in a renewable energy venture, participating in the equity share capital contribution of Cleanmax Sphere Energy Private Limited. The investment is aimed at establishing a 75.9 MW Renewable Hybrid Power Project.The company contributed Rs. 32,32,97,915 towards this acquisition. This funding allows GACL to maintain its 26% shareholding in the Special Purpose Vehicle (SPV), Cleanmax Sphere Energy Private Limited. The transaction took place on June 11, 2026.
Cleanmax Sphere Energy Private Limited is operating within the Renewable Energy industry, and the project's primary object is for setting up a 75.9 MW Hybrid Renewable Power Project intended for 100% captive use by GACL.
The acquisition details highlight the strategic move into renewable energy. The shares acquired represent 26% of Cleanmax Sphere Energy Private Limited in addition to GACL’s existing stake.
Key details regarding the investment and the target entity are summarized below:
| Detail | Particulars |
|---|---|
| Target Entity | Cleanmax Sphere Energy Private Limited |
| Industry | Renewable Energy |
| Purpose of Acquisition | Setting up 75.9 MW Hybrid Renewable Power Project for GACL's captive use |
| Investment Amount | Rs. 32,32,97,915 |
| Date of Payment | June 11, 2026 |
| Shares Acquired | 15,77,063 equity shares (representing 26%) |
| Cost per Share | Rs. 205 (Face value Rs. 10 + premium Rs. 195) |
GACL will continue to subscribe to further capital of Cleanmax Sphere Energy Private Limited from time to time, ensuring the company maintains its 26% equity share capital in the SPV. The shares will be allotted by Cleanmax Sphere Energy Private Limited to GACL’s demat account in due course.
GUJALKALI Stock Price Movement
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