Shares of Craftsman Automation will be in focus after the company announced equity investments in three renewable energy firms under the Group Captive Scheme, as part of its compliance with the Electricity Act, 2003.
In an exchange filing dated May 24, 2025, the company informed that it will invest in Alagendira Solar Energy Private Limited and Urvang Agro Private Limited for solar energy procurement, and in RC Green Powers Private Limited for wind power. These investments are structured to ensure compliance with renewable power consumption mandates under group captive regulations.
According to the disclosure:
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Craftsman will acquire 26% equity in both Alagendira and Urvang Agro through cash investments of Rs 2.6 lakh and Rs 1.56 lakh respectively.
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For RC Green Powers, it will hold 0.87% equity, investing Rs 13,100.
All three companies are based in Tamil Nadu and operate in the power generation and transmission sector. The completion of these investments is targeted by May 31, 2025.
These moves are not related party transactions and are aligned with Craftsman Automation’s operational requirement to source renewable energy for its manufacturing operations. The firm has confirmed that all investments are made through cash consideration and no regulatory approvals are required.
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