Jubilant Pharmova’s wholly-owned subsidiary -- Jubilant Biosys has approved the proposal for investment including entering into a Power Supply and Offtake Agreement, and Share Subscription and Shareholders Agreement on May 28, 2024 with Isharays Energy Two (Isharays Energy), a wholly-owned subsidiary of SunSource Energy, for acquisition of upto 14.75% stake of Isharays Energy for purchase of renewable energy (electricity) generated from the Captive Generating Plant (CGP).
The company has embarked on a renewable energy implementation journey across its facilities in India to enable reduction in both, cost and carbon footprint. This investment shall enable the company to access renewable energy through captive power arrangement for its facilities located in Noida and Greater Noida. In January this year, the company had approved a similar investment to access renewable power through captive arrangement for its facilities located in Karnataka, India.
Jubilant Pharmova (formerly Jubilant Life Sciences) is a company engaged in pharmaceuticals, contract research and development services and proprietary novel drugs businesses.
Company Name | CMP |
---|---|
Sun Pharma Inds. | 1808.50 |
Dr. Reddys Lab | 1342.45 |
Cipla | 1472.45 |
Lupin | 2147.55 |
Zydus Lifesciences | 973.90 |
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