Varun Beverages to invest in 2 renewable energy firms
Varun Beverages through the acquisition intends to obtain solar power (generation and supply) from the Company for its facility located in Supa Parner, Sakri, District Dhule, Maharashtra. Solar power is environment friendly and will also reduce the power cost at the said facilities, the company’s filing added.
Accordingly, as per the Electricity Act, the company being the captive user, is required to invest in the Company.