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Biocon to acquire 26% in solar player AMPYR Renewable Energy Resources Eleven for Rs.7.5 Cr

Mint  

Bangalore-based listed biopharmaceuticals company, Biocon is to acquire a 26% stake in AMPYR Renewable Energy Resources Eleven for solar power for around INR 7.50 crore. Through the acquisition, Biocon plans to enhance its renewable-based power consumption. AREREPL was incorporated on April 13, 2021, to engage in the business of power generation. It will develop a 30 MWac solar power plant in Benkanhal Village Kanakagiri Taluk, in Koppal District of Karnataka.