Mahindra & Mahindra (M&M), a leading conglomerate in India, has announced the incorporation of Ultrogen Hybren Private Limited, a wholly owned step-down subsidiary under Mahindra Susten Private Limited (MSPL). MSPL is a key renewable energy arm of Mahindra Holdings Limited, focused on clean energy solutions and sustainability projects. Ultrogen Hybren will be headquartered in Mumbai and will play a significant role in advancing Mahindra’s commitment to renewable energy.
Key Objectives of Ultrogen Hybren
The newly established entity will focus on:
- Producing and Selling Power: Engaging in the generation and sale of electricity across various sectors.
- Renewable Energy Generation: Operating as an independent power producer (IPP) by harnessing renewable energy sources, including solar, wind, and other sustainable technologies.
- Distributed Energy Solutions: Expanding into rooftop solar installations and other distributed energy projects targeted at commercial, industrial, institutional, and residential customers.
- Energy Storage Systems: Integrating cutting-edge energy storage solutions to enhance efficiency and reliability in renewable energy projects.
Strategic Alignment with Mahindra Group’s Vision
The establishment of Ultrogen Hybren aligns with Mahindra Group’s broader sustainability goals, including its pledge to achieve carbon neutrality and promote green energy. This step strengthens Mahindra’s position as a major player in the renewable energy sector, focusing on clean energy solutions that cater to India’s growing energy demands while minimizing environmental impact.
Operational Impact
Ultrogen Hybren is expected to:
- Support Distributed Energy Projects: Provide rooftop and on-site solar energy solutions, enhancing energy accessibility for diverse stakeholders.
- Boost Renewable Capacity: Contribute significantly to the company’s renewable energy portfolio, supporting Mahindra’s sustainability targets.
- Enhance Market Reach: Offer innovative renewable energy and power solutions, reinforcing Mahindra’s leadership in clean energy technologies.
