Hindalco aquires stake in Cleanwin Energy SIX’s project

Hindalco Industries has recently acquired a 26 percent share in Cleanwin Energy SIX’s 5 MW captive open access wind project. The stake acquisition would cost Rs 7.15 million to Hindalco. The move has been made by the company to cut down it’s energy expenditures. The company announced that it has contributed its initial equity on May 30, 2022.  

Hindalco stated that it is looking into ways to lower its energy expenditures. Open access from captive renewable energy sources is one such possibility. In light of this, the company planned to invest in the wind power producer Cleanwin Energy SIX.

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