Hindalco will buy a 26% interest in the renewable energy company Cleanwin Energy SIX.

Hindalco Industries will invest in Cleanwin Energy SIX, a renewable energy generation firm, in a cash deal worth Rs 71.5 lakh . The aluminium giant will have a 26% interest in the renewable generation firm after the sale was concluded .

Hindalco Industries, an aluminium firm, will invest in Cleanwin Energy SIX, a renewable energy generation firm, in a cash deal worth Rs 71.5 lakh, according to a regulatory filing to the exchanges on Wednesday.In a regulatory filing, the company announced that the investment was part of a strategy to reduce the energy cost by providing open access to renewable energy generators.According to the filing, the aluminium giant will have a 26% interest in the renewable generation firm after the sale was concluded.The company's initial equity contribution was due to be paid on the 30th of May 2022.According to the filing, Hindalco Industries' stock was valued at Rs 341.65, down 0.6 per cent from Tuesday's closing.