Hatsun Agro Product Ltd. (HAP) has accredited the sale of its windmill division to V.Ok.A. Polymers Pvt. Ltd. at a consideration of ₹135 crore on a stoop sale foundation.
The settlement could be executed by September 2023. In case of a default, HAP will select one other purchaser, the dairy merchandise maker mentioned in a regulatory submitting.
HAP mentioned energy wants might be met by buying solar energy from numerous solar energy producing firms, which might lead to saving on energy value. There had been no income from operations because the energy generated was for captive consumption.
V.Ok.A. Polymers is into manufacture of revolutionary vector management merchandise. It had invested in windmill energy technology for its group captive consumption.
