Grasim Industries Limited has acquired 26% equity stakes in two special purpose vehicles (SPVs), AMPIN Energy C&I Three Private Limited and AMPIN Energy C&I One Private Limited, to develop solar power facilities at its plants in Chamarajanagar, Karnataka, and Cheyyar, Tamil Nadu.

Grasim Industries will invest up to Rs 12 million for the Chamarajanagar plant and Rs 12.6 million for the Cheyyar plant. Each SPV will develop a captive solar power generation facility with a capacity of 3 MWp (DC) at the respective locations.

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