Lloyds Metals and Energy Limited acquires 26% stake in three solar and wind projects via Amplus Energy Solutions under group captive scheme
Type: Investment · Technology: Hybrid · Country: India · Announced: 2026-08-11
Lloyds Metals and Energy Limited (LMEL) announced it will acquire at least a 26% stake in three renewable energy projects—comprising solar and wind technologies—through agreements with Amplus Energy Solutions. The investments are structured under a group captive scheme, enabling LMEL to secure electricity for its operations while expanding its renewable energy portfolio. The board of LMEL also approved a ₹625 crore (approximately $75 million) investment in its subsidiary, Thriveni Earthmovers, signaling broader strategic moves beyond energy generation. Avijit Ghosh was appointed as a Non-Executive Director of LMEL, reflecting leadership changes amid the company's renewable energy expansion. The transactions underscore LMEL's commitment to integrating sustainable energy solutions into its industrial operations.
Counterparties
- Lloyds Metals and Energy Limited (Investor)
- Amplus Energy Solutions (Supplier)
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