BusinessPhoto: Mercom IndiaChemplast Sanmar to Cut Energy Costs with 37.5 MW Solar Project
Chemplast Sanmar, a specialty chemicals manufacturer, will source solar power from Yesaryes Energy's 37.5 MW project in Tamil Nadu through a group captive arrangement to reduce energy costs. The company plans to acquire a 27% equity stake in Yesaryes Energy for ₹4.5 million (~$46,653) via a share purchase agreement with Veebee Yarnntex and Yesaryes Energy. The acquisition may occur in multiple tranches.
Mercom India··Tamil Nadu




