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Under this arrangement, EIE Renewables shall be acquiring 51% of the equity share of the Target Company immediately

The company has received contracts from Swachh Maharashtra Mission Directorate

EPC for supply and services is to be completed within 15 months from the date of commencement

The contract is awarded on an EPC basis for implementation of BESS at thermal power station at Kudgi, Karnataka and Ramagundam, Telangana

The project is for Aurangabad Sewerage Network and STP under AMRUT 2.0.

The EPC is to be completed within 36 months from the date of commencement, followed by an O&M period of 5 years

The additional investment will enable the Company to tap the opportunities prevailing in the renewable energy sector

The company has secured cumulative orders worth Rs 1,178.30 crore from April 1, 2025 to till August 6, 2025 from various Government authorities in its core areas of WTPs, STPs and CETPs

The company has secured two prestigious projects from Bangalore Water Supply and Sewerage Board

This project is one of the largest and most critical environmental infrastructure assignments under MIDC’s river pollution abatement program

LoI is for the development of a 40 MW (AC) grid connected solar power project in Bolangir District of Odisha

After the said acquisition, Sunaxis has now became the wholly owned subsidiary of EIE Renewables and the step-down wholly owned subsidiary of the Company

The said acquisition will enable the company to tap the opportunities prevailing in the renewable energy sector

The Board of Directors of the Company, at its meeting held on May 28, 2025, has approved the same

The company has received first project for EPC of a 50 MLD STP including 5 years O&M

The Target Company is incorporated for the purpose of undertaking the business of power generation through renewable sources

The project is for the EPC of a 77 MLD STP and operation & maintenance of a 21 MLD CETP

It has fixed a price band of Rs 140-148 per share