Corporate News

05-Oct-2026, 05:44

Sangam (India) Limited announced it has executed a Power Consumption Agreement and Share Purchase & Shareholders Agreement with CGE II Hybrid Energy Private Limited and Continuum Green Energy Limited, for a total acquisition cost of Rs 47,60,01,010. The acquisition, completed on October 5, 2026, involved acquiring approximately 0.97% equity stake in CGE II Hybrid Energy Private Limited, a renewable power generation company incorporated in December 2021 and a subsidiary of Continuum Green Energy Limited, to enhance captive renewable power consumption up to 5 MW for Sangam (India) Limited’s manufacturing units in Rajasthan.