Mahanagar Gas Limited has signed a Share Subscription Agreement to acquire a 26% stake in FPEL Reliant Energy Private Limited for ₹389 Lakh. The investment will support the development of a solar power plant in Maharashtra to supply electricity to the company’s CNG stations. This initiative aligns with Mahanagar Gas’s green energy strategy, helps reduce operational costs, and supports compliance with regulatory requirements under the Electricity Act, 2003 and Electricity Rules, 2005.
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