Epigral Limited has announced an expansion of its existing wind-solar hybrid power plant capacity from 18.34 MW to 38.14 MW. Through the formation of a special purpose vehicle (SPV), the company collaborated with Prozeal Green Energy Limited to help set up the additional 19.80 MW capacity.
Epigral will reportedly invest Rs 213.8 million for a 26 per cent equity stake in the SPV. The collaboration will be governed by an energy subscription agreement and a share subscription and shareholder agreement, both valid for a period of 25 years. The commissioning of the expanded capacity is targeted for the fourth quarter of the financial year 2025–26.
Epigral Limited, formerly known as Meghmani Finechem Limited, incorporated in 2007, is a leading integrated manufacturer of chemicals in India. The company is also a leading manufacturer of caustic soda, caustic potash, chloromethanes, hydrogen peroxide, chlorine and hydrogen. Epigral has announced plans to increase its production capacity for chlorinated polyvinyl chloride resin to 150,000 tonnes per annum and epichlorohydrin to 100,000 tonnes per annum.
