Both the companies signed agreement for setting up captive wind power projects aggregating to 18.9 MW for various manufacturing facilities of the Company. 

In terms of the SSSA, the Company has agreed to invest in the equity shares comprising atleast 26% of issued and paid-up capital of Ulric Renewables Private Limited

Exide Industries Limited has entered into Share Subscription and Shareholders Agreement'' ('SSSA') and 'Power Purchase Agreements' dated 28th February 2023 with Ulric Renewables Private Limited, a Special Purpose Vehicle promoted and incorporated by Cleantech Solar India OA 2 Pte. Ltd. (CLEANTECH) for setting up captive wind power projects aggregating to 18.9 MW for various manufacturing facilities of the Company. 

In terms of the SSSA, the Company has agreed to invest in the equity shares comprising atleast 26% of issued and paid-up capital of Ulric Renewables Private Limited