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Our Bureau

Mumbai , June 2

Crompton Greaves Ltd has informed BSE that it is considering an investment of up to Rs 16.03 crore in the share capital of Malanpur Captive Power Pvt Ltd comprising 59 per cent of MCPPL's share capital.

As a result, MCPPL will become a subsidiary of the company.

MCPPL plans to develop, finance, construct and operate a 25.5 MW gas-based group captive power plant in Malanpur, Madhya Pradesh.

Shares of Crompton Greaves fell by Rs 12.05 on Friday to Rs 992.45 on BSE.

More Stories on : Mergers & Acquisitions | Power

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