Bharat Forge invests another Rs. 2.87 cr in ASPL to use 8.20 MW solar power.

Bharat Forge recently said it has made an additional investment of Rs. 2.87 crore to use the remaining 8.20 megawatts (MW) solar power from Avaada SataraMH Pvt Ltd. (ASPL). The company has agreed to use a total of 40.70 MW solar power from ASPL. As part of this, it earlier invested about Rs. 11.37 crore in ASPL to use 32.50 megawatts, Bharat Forge said in a BSE filing.

"The company has now agreed to use the remaining 8.20 MW solar power. Accordingly, the company has made further equity investment of Rs. 2,87,00,000 (28,70,000 equity shares of Rs. 10 each) in ASPL," it said.

After this investment, the company now holds 11 per cent stake in ASPL.

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