Sterling and Wilson Solar will explore business opportunities in areas like clean energy storage, waste management and energy efficiency.
The company inserted a new clause within the memorandum of affiliation (MoA) to embrace new segments like establishing of energy crops, photo voltaic power methods, renewable power methods or any other facility together with Hybrid Vitality Programs & Vitality Storage (BESS) & (ESS) in its business.
“The Members of the Company through Postal Ballot (remote e-voting) have by way of special resolution approved the alteration of the Object Clause of the MoA of the Company as stated in the Postal Ballot Notice dated July 29, 2021,” it said in a BSE filing.
As per the amended MoA, the corporate will even enter into built-in stable waste/ biomass administration together with Waste to Vitality utilizing municipal stable waste as gasoline for energy technology, utilizing biomass as gasoline for energy technology.
The company can now also enter the business of providing market energy efficient technologies, renewable/non-conventional energy technologies and other innovative technologies.
Besides, it may embark on consultancy in planning, developing and implementation of comprehensive energy efficiency.