Privi Speciality Chemicals invests ₹1.77 crore in 16.6 MW solar project

Privi Speciality Chemicals Limited is investing ₹1.77 crore for a 5.80% stake in Radiance MH Sunrise Eleven Private Limited to develop a 16.6 MW solar power project in Maharashtra. This investment aims to secure green power for Privi Speciality Chemicals, reduce energy costs, and support its sustainability goals through a Power Purchase Agreement.

Counterparts (2)

Developer

Radiance MH Sunrise Eleven Private Limited

company

Radiance MH Sunrise Eleven Private Limited is an Indian Special Purpose Vehicle (SPV) focused on developing and operating utility-scale solar power projects. It is a subsidiary of Radiance Renewables Private Limited, which is part of the Greenko Group, a major Indian renewable energy company.

Investor

Privi Speciality Chemicals Limited

company

Privi Speciality Chemicals Limited is an India-based manufacturer of aroma chemicals and industrial chemicals, including water treatment chemicals, paints & coatings, and polymer additives. The company operates globally with a team of over 1000 employees, serving customers in over 50 countries.