Corporate News     13-May-23
Mahindra CIE Automotive acquires stake in Clean Max Deneb
For purpose of sourcing green energy on captive basis
Mahindra CIE Automotive announced that the Company has been taking various steps to optimize its power cost and increase the consumption of green energy at various power intensive plants of the Company.

Accordingly, the Company on 12 May 2023 has invested Rs 4.16 crore towards capital contribution of Clean Max Deneb Power LLP (Clean Max Deneb) to source green energy on captive basis.

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