Uflex Limited Forms Joint Venture for Solar Power Project in Haryana Aug 02, 2025
UFLEX, a packaging company, has formed a joint venture with AMPIN C&I Power Private Limited to establish a solar power plant in Haryana. UFLEX holds a 26% stake in the new entity, AMPIN C&I Power Twenty Private Limited, while AMPIN C&I Power Private Limited holds 74%. The joint venture allows UFLEX to qualify as a captive user under the captive power plant policy. The new company has an authorized share capital of Rs. 15.00 lakh and a subscribed share capital of Rs. 1.00 lakh. UFLEX's initial investment will be at face value of Rs. 10.00 per share. This move aligns with UFLEX's sustainability goals and could lead to cost savings in energy consumption for its Haryana operations.
UFlex Ltd. Invests Rs 317 Crore in Eco-Friendly Recycling Plants Mar 12, 2025