Ashok Leyland buys stake in solar energy firm


Ashok Leyland Ltd. has picked up a 26% stake in Prathama Solarconnect Energy Pvt. Ltd. (PSEPL) by investing ₹18.66 crore. The commercial vehicle manufacturer, in a regulatory filing, said PSEPL was engaged in solar power generation business and the investment has been made for purchase of solar power at a subsidised rate under group captive scheme. Incorporated on January 15, 2019, PSEPL posted a loss of ₹77 lakh for FY19-20 (from January 15,2019 to March 31, 2020).

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *