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This acquisition aligns with Lumax Auto Technologies’ strategic objective to expand its footprint in the renewable energy sector, particularly in the area of sustainable energy solutions.
The estimated completion period for the project is 60 months, with a focus on the construction of the gravity dam and associated infrastructure. The length of the dam will be 130.6 meters.
The 3S facility boasts 6 dedicated service bays with the capacity to service 10 to 12 vehicles per day, enhancing the customer experience with efficient servicing.
Under the SPA, Adani Infra is set to acquire a 30.07% stake in the construction firm from one of the promoters, Mr. Prahaladbhai S. Patel, who is also a party to the deal.
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