Ultrogen Hybren Private Limited Pioneering Renewable Energy Solutions A Wholly-Owned Subsidiary of Mahindra Susten Private Limited

Mahindra & Mahindra Limited has announced the establishment of Ultrogen Hybren Private Limited, a wholly-owned subsidiary of Mahindra Susten Private Limited (MSPL), which is under Mahindra Holdings Limited. Here are the key highlights:

1. Focus Area:

Renewable energy operations, particularly distributed energy solutions.

Activities include rooftop solar installations for commercial, industrial, institutional, and residential sectors, as well as energy storage systems.



2. Structure & Capital:

Wholly-owned subsidiary of MSPL.

Authorized and paid-up share capital of ₹15 lakh, comprising 1,50,000 equity shares at ₹10 each.



3. Role as an Independent Power Producer (IPP):

Engaged in power production and sales, focusing on sustainable energy.



4. Legal Details:

Incorporated in Mumbai.

Certificate of incorporation issued on December 29, 2024, by the Ministry of Corporate Affairs.



5. Transaction Details:

Initial investment of ₹15 lakh by MSPL is not categorized as a related party transaction for Mahindra & Mahindra.

However, Ultrogen Hybren will be classified as a related party moving forward due to its subsidiary status.




This initiative aligns with Mahindra Group's commitment to renewable energy and sustainable practices.


Comments

Post a Comment

Popular posts from this blog

Hindalco's Meenakshi Coal Mine Project: Driving Sustainable Growth and Energy Self-Reliance

Image
This is a significant development for Hindalco Industries and the region. Here are the key takeaways: 1. Coal Production Timeline: Hindalco plans to start coal production at the Meenakshi Coal Mine by CY2028, subject to regulatory approvals. 2. Economic Impact: The project is expected to create approximately 16,000 direct and indirect jobs, boosting local livelihoods. 3. Resource Efficiency: The mine has a peak rated capacity of 12 million tonnes per annum. Geological reserves stand at 285.23 million tonnes. A favorable coal-to-waste stripping ratio makes it cost-effective and sustainable. 4. Cost and Supply Benefits: Coal from the Meenakshi mine will cost about 40% less than current sources (auctioned and linkage coal). It ensures a stable coal supply for Hindalco’s smelters, reinforcing the company’s energy self-sufficiency and operational cost reduction. 5. Strategic Alignment: This move supports Hindalco's broader goals of resource securitisation, energy efficiency,...
Read more

Polymatech Electronics: Advanced Semiconductor Manufacturing Facility in Nava-Raipur, Chhattisgarh.

Image
Polymatech Electronics is establishing its second plant in India at Nava-Raipur, Chhattisgarh, focusing on advanced semiconductor chips and 5G/6G base stations. The facility, part of a ₹1,143 crore investment, is backed by a 40% capital subsidy from the Chhattisgarh government, highlighting the state’s commitment to high-tech manufacturing. Key Highlights: 1. Technological Focus: The plant will produce Gallium Nitride (GaN) semiconductor chips, vital for high-frequency 5G and 6G communication infrastructure. Advanced chip packaging will also be undertaken, with initial fabrications outsourced until Polymatech’s foundry in Grenoble, France, is operational. 2. Collaborative Boost: Partnership with Cardiff-based Simply RF enhances India's semiconductor manufacturing capabilities, aligning with global standards. 3. Economic Impact: This initiative strengthens India’s semiconductor and telecom sectors, contributing to the nation’s self-reliance in high-tech industries. 4. Go...
Read more

Suprajit Chuhatsu Control Systems: State-of-the-Art Automotive Components Manufacturing Facility

Image
Suprajit Engineering, a leading player in the automotive components sector, has announced the launch of its new subsidiary, Suprajit Chuhatsu Control Systems, in India. This strategic expansion aims to strengthen the company’s presence in the manufacturing of auto components. Key Highlights: Product Focus: The new subsidiary will produce control cables, transmission cables, and related mechanisms. Market Scope: The venture aims to cater to the growing demand for auto components in both domestic and export markets. Capital Investment: The subsidiary starts with an authorised capital of ₹1 lakh. Enhanced Portfolio: This initiative will complement Suprajit Engineering’s existing product lineup, including control cables, speedo cables, and auto lamps. Strategic Vision: Export Market Expansion: The company intends to leverage this venture to tap into global markets. Local Market Strengthening: While focusing on exports, the subsidiary will also meet the rising demands of the Ind...
Read more