Mumbai, May 19, 2025 – Everest Industries Ltd (NSE: EVERESTIND | BSE: 508906) has announced an investment of ₹1.76 crore in Amplus Ampere Private Limited to secure 5.5 MWp solar power under a group captive policy, advancing its clean energy transition efforts in Maharashtra.
Strategic Investment in Renewable Energy
The Board of Directors approved the acquisition of 17.6 lakh equity shares in Amplus Ampere Pvt Ltd at ₹10 per share, representing a 3.12% equity stake. This corresponds to a 30% share in 5.5 MWp of the total 54.94 MWp capacity of the solar plant developed by Amplus Ampere.
The investment will enable Everest Industries to draw renewable power under Captive Open Access, lowering its carbon footprint and reducing long-term energy costs.
Transaction Overview
Details
Information
Target Entity
Amplus Ampere Private Limited
Industry
Renewable Energy
Investment Amount
₹1.76 crore
Share Acquisition
17.6 lakh equity shares @ ₹10 each
Stake Acquired
3.12% equity; 30% share of 5.5 MWp
Mode of Consideration
Cash
Completion Timeline
By September 30, 2025
Turnover of Target (FY25)
NIL
Date of Incorporation
March 26, 2021
Country of Operation
India
Company Backgrounds
Everest Industries Ltd
Established in 1934, Everest Industries is one of India’s leading building solutions providers with a strong presence across roofing, boards and panels, steel buildings, and ceiling systems. Headquartered in Mumbai, the company serves both industrial and residential construction markets through innovative and sustainable solutions. Its operations are spread across multiple manufacturing units and a robust pan-India distribution network.
Amplus Ampere Private Limited
Amplus Ampere Pvt Ltd is a special purpose vehicle (SPV) incorporated by Amplus Energy Solutions PTE LTD, a leading distributed energy company backed by Petronas. The SPV is engaged in setting up, generating, and distributing solar power in India. Although it has reported nil turnover in the past three financial years, Amplus Ampere is poised to play a critical role in scaling renewable energy infrastructure through its group captive projects.
Management Commentary
Everest Industries stated that the acquisition aligns with its long-term sustainability roadmap. “This investment will help us transition to renewable energy sources in our operations in Maharashtra while promoting environmental stewardship,” the company said in its disclosure.
Outlook
This strategic investment underlines Everest Industries’ growing focus on sustainable operations and cleaner energy sourcing. The collaboration with Amplus Ampere not only enhances its energy security but also supports India’s broader green energy goals.
