âś… At a Glance
| Metric | Value |
|---|---|
| đź“… Announcement Date | 20 May 2025 |
| 🏢 Acquired Entity | CGE II Hybrid Energy Pvt Ltd |
| đź’Ľ Type of Deal | Strategic Equity Acquisition |
| ⚙️ Sector Diversification | Renewable / Hybrid Power |
| đź’° CMP (20 May 2025) | â‚ą1,392 |
| 🔄 Deal Status | ✅ Completed |
From cement to clean energy — Birla Corp is trying to cement its ESG story with wind and solar.
🧾 Announcement Highlights
In an exchange filing, Birla Corporation Ltd (Scrip Code: 500335) disclosed:
- âś… Completion of equity acquisition in CGE II Hybrid Energy Pvt Ltd
- ✅ “All customary formalities” related to the deal are done
- 🚀 Part of company’s long-term green energy strategy
No financial terms
or stake percentage were disclosed — classic “Regulation 30” minimalism.
đź’ˇ What Is CGE II Hybrid Energy?
While not much is public, based on naming and trends:
- CGE II likely refers to a renewable energy SPV
- “Hybrid” implies solar + wind combo
- Commonly used in captive or group captive setups for industrial power cost reduction
In short: Birla wants to power its cement operations using cheaper, cleaner energy via internal partnerships.
🌱 Why It Matters
🔋 1.
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