Cummins India Ltd

Cummins India Invests in Renewable Energy 🌱⚡ – Key Details Inside

- Cummins India to acquire at least 8.78% equity stake in Clean Max Yellowstone for up to ₹2.70 Cr.

- Part of a group captive model, with Cummins group entities collectively holding 26% in Clean Max.

- Aims to procure renewable power (solar/wind/hybrid) for Cummins India’s factories, reducing Scope 2 emissions and optimizing costs.

- Clean Max, incorporated in Sept 2024, focuses on renewable energy projects but reported a net loss of ₹0.04 Cr as of March 2025.

- No related-party transaction or regulatory approvals needed; deal expected to close in 3 months.

- Share Purchase Agreement signed, with closing subject to terms.