RACL Geartech Invests ₹140 Lakh in Sunsure Solarpark

RACL Geartech Ltd has recently announced its decision to invest up to ₹140 lakh in the equity shares of Sunsure Solarpark Ten Pvt Ltd, as approved by its board. The investment is earmarked for captive solar power consumption, with the primary objective of reducing the power costs at its Gajraula plant in Uttar Pradesh.

The move aligns with RACL Geartech's strategic focus on sustainable energy solutions and cost optimization. By investing in solar power infrastructure, the company aims to leverage renewable resources to meet its energy needs, contributing to both environmental sustainability and operational efficiency.

As of the latest trading session, RACL Geartech stock was reported at ₹1,165.60 on the BSE, experiencing a marginal decrease of 0.33% as of 12:16 pm. The market response reflects ongoing investor interest in companies adopting environmentally conscious practices and integrating renewable energy solutions into their operations.

HBL