Mahindra CIE Automotive to Procure Power from Strongsun Solar’s Projects

The ₹33.5 million investment will qualify the company as a captive consumer

July 25, 2022

/ Rakesh Ranjan

/ Finance and M&A, Solar

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Mahindra CIE Automotive has agreed to acquire a 26% stake in Strongsun Solar to procure power from two captive solar power projects to be set up in Maharashtra.

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Rakesh Ranjan

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AcquisitionCaptive Power ProjectsMahindra CIE AutomotiveStrongsun Solar

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