Biocon Invests ₹5.48 Cr in Solar SPV AMPIN for Captive Green Power

$BIOCON has invested ₹5.48 crore to acquire a stake in Ampin C&I Power Twelve Private Limited (AMPIN), a Special Purpose Vehicle (SPV) established to develop a 27.12 MW (DC) solar power plant in Karnataka. Key Transaction Details: Investment: ₹5.476 crore for the subscription of 54.76 lakh equity shares (₹10 face value). Stakeholding: Biocon will initially hold 37.77% of AMPIN, which is expected to dilute to 15.91% on a fully diluted basis following further capitalization by other entities. Governance: Arm's-length transaction with no related-party or promoter-group interest. Strategic Rationale: Captive Power Status: The equity investment qualifies Biocon as a captive power user under the Electricity Act, ensuring a dedicated and reliable energy supply for its facilities. ESG & Cost Optimization: Directly advances Biocon’s decarbonization and green energy procurement goals while significantly lowering long-term operational energy costs. Target Profile (AMPIN): Incorporated in April 2025; currently pre-operational. FY26 Financials: Net worth of ₹12.08 crore; Turnover NIL; PAT loss of ₹12.8 lakh (typical for a newly formed project SPV). Outlook: This strategic investment allows Biocon to integrate renewable energy directly into its manufacturing value chain, balancing operational efficiency with its sustainability roadmap.