Bharat Serums acquires 26% stake AMP Energy C&I One

Bharat Serums and Vaccines (BSV), a leading biopharmaceutical company in India, has announced that it has acquired a 26% stake in AMP Energy C&I One. Though both the companies have not yet disclosed the financial details of the deal, the acquisition is meant to supply green energy for its manufacturing facility in Ambernath in Maharashtra. […]

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Cipla to Acquire 32% Stake in AMP Energy Green Eleven

India’s major drug manufacturer Cipla has signed a pact to acquire about a one-third stake in AMP Energy Green Eleven. The move is designed to set up a captive solar power project in the state of Maharashtra. Captive generation rules generally mandate that the key consumers must have a minimum 26% stake in the renewable […]

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Pharma Major Cipla Establishes 30 MW Captive Solar Plant

Cipla Limited, a leading pharma firm announced the start of a 30 MW solar plant project at Tuljapur, Maharashtra. The plant will support its production facilities and reduce emissions linked to energy commission there. The 30 MW project, built in partnership with APM Energy India, is spread over 115 acres, The project will benefit the company’s […]

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Pharma Major Cipla Acquires 26 Percent Stake in AMPSolar Owned Local SPV

The acquisition is expected to be completed by June 12, 2019. Cipla has invested Rs 12.9 crore for the 26 percent stake in the SPV. Indian multinational pharmaceutical and biotechnology company, Cipla, has announced the acquisition of a 26 percent minority stake in AMPSolar Power Systems Pvt. Ltd. (AMPSolar), a wholly owned subsidiary of AMPSolar […]

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