Alicon Castalloy has entered into an agreement with Radiance MH
Sunrise Eight and Radiance Renewables for subscribing 10.40% of the equity capital of Radiance MH Sunrise Eight, The Company has also entered into Power Purchase Agreement with the Radiance MH Sunrise Eight for purchase of solar power on captive consumption at the Company's Shikrapur Plant in Pune.
Radiance MH Sunrise Eight is a subsidiary of Radiance Renewables, formed for the purpose of generation and supply of solar power.