Varroc Group to acquire minority stake in renewable energy entities Capital Market • 25 days agoVarroc Engineering along with its subsidiaries viz. Varroc Polymers and Durovalves India has entered into Power Purchase Agreement with AMP Energy C&I Twenty One, AMP Energy C&I Twenty and AMP Energy C&I Twenty Two (hereinafter referred to as “SPVs”) respectively, for acquisition of 26% stake in the said SPVs for establishing Renewable Power Plants in Maharashtra having combined captive capacity of 33.10 MWp 22.01 MWac, under Captive Power Scheme.
