Albert David Limited approves investment for captive power project.

The Board of Directors of Albert David Limited at their meeting held recently have approved investment upto INR 61.25 Lacs in equity shares of Sunsure Solarpark Five Private Limited for solar power captive consumption as required under the provisions of the Electricity Act, subject to applicable laws.

The objectives of the above acquisition is to reduce the power cost of the Company's Ghaziabad (U.P.) Plant, by way of shifting towards solar power energy which is cost effective and environment friendly. Thus, as per the Electricity Act, the Company, being captive user, needs to make investment in Sunsure Solarpark Five Private Limited.

EQUITYBULLS