{"id":63684,"date":"2022-09-16T08:35:00","date_gmt":"2022-09-16T03:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=63684"},"modified":"2022-09-15T23:51:55","modified_gmt":"2022-09-15T18:21:55","slug":"biz-upl-renewable","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-upl-renewable\/","title":{"rendered":"UPL acquires 26% stake in renewable energy firm Clean Max Kratos"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4183715099\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Agro-chemical firm UPL Ltd on Thursday said it has acquired 26 per cent stake in Clean Max Kratos Pvt Ltd, which is into renewable energy.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1649065674\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Clean Max was incorporated on July 28 with paid up capital of Rs 1 lakh. The company, which is into solar\/wind power generation, is yet to commence operations.<\/p>\n<p>In a regulatory filing, UPL Ltd said Clean Max Kratos would develop and maintain a hybrid 28.05 MW solar and 33 MW wind power project under the captive model as envisaged under the electricity laws.<\/p>\n<p>This project will enable UPL to increase its renewable energy usage to 30 per cent of its total global power consumption from the current level of 8 per cent.<\/p><div class=\"trade-content_5\" id=\"trade-2978055208\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;UPL will initially acquire 2,600 shares of Rs 10 each (26% stake of paid-up share capital) in Clean Max Kratos for a consideration of Rs 26,000. UPL will further invest, in one or more tranches, about Rs 39.60 crore in Clean Max Kratos maintaining its shareholding to 26 per cent of the paid-up share capital,&#8221; the filing said.<\/p>\n<p>Jai Shroff, Global CEO of UPL, said: &#8220;At UPL, we are committed to reimagining sustainability internally as well as with our farming partners. Ensuring we have access to reliable, clean energy will help realise that vision as we significantly reduce our carbon footprint.&#8221; UPL Ltd is a global provider of sustainable agriculture products and solutions, with annual revenue exceeding USD 6 billion. PTI MJH MJH ABM ABM<\/p>\n<div class=\"trade-after-content\" id=\"trade-3525583520\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Agro-chemical firm UPL Ltd on Thursday said it has acquired 26 per cent stake in Clean Max Kratos Pvt Ltd, which is into renewable energy. Clean Max was incorporated on July 28 with paid up capital of Rs 1 lakh. The company, which is into solar\/wind power generation, is yet to commence operations. In a [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":27083,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-63684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UPL acquires 26% stake in renewable energy firm Clean Max Kratos - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-upl-renewable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UPL acquires 26% stake in renewable energy firm Clean Max Kratos\" \/>\n<meta property=\"og:description\" content=\"Agro-chemical firm UPL Ltd on Thursday said it has acquired 26 per cent stake in Clean Max Kratos Pvt Ltd, which is into renewable energy. 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