CIE Automotive India Acquires 12.5 MW Renewable Energy Projects To Reduce Power Costs At Manufacturing Facilities

CIE Automotive India Limited has completed two significant investments in renewable energy entities to reduce power costs at its manufacturing facilities. These strategic moves, initially agreed upon through Share Subscription and Shareholders Agreements (SSSHA) in June 2025, were finalized in January 2026, marking an important step in the company’s push toward sustainable energy use.

In the first investment, CIE Automotive India completed its direct acquisition of Amp Energy C&I Thirty Two Private Limited. The process began with a first tranche investment in December 2025, followed by a second and final tranche on January 14, 2026. Through this final subscription, the company acquired 13,12,500 equity shares valued at Rs. 1,31,25,000. With this, CIE Automotive India now holds a 40% stake in the company’s paid-up equity capital, which amounts to 29% on a fully diluted basis.

At the same time, the company’s wholly owned subsidiary, CIE Aluminium Casting India Limited, also known as CIEALCAST, completed a similar transaction in AMPIN Energy C&I Thirty One Private Limited. On January 14, 2026, CIEALCAST was allotted 8,75,000 equity shares for Rs. 87,50,000, representing a 40% shareholding in the target’s paid-up equity.

The main aim behind these acquisitions is to qualify for “captive consumer” status under regulatory norms. A company needs to hold at least 26% of the equity in a power-generating plant to achieve this status, which allows it to consume the electricity produced directly. By attaining this, CIE Automotive India plans to use captive solar power at its Chakan, Pune forging factory and its plant in Ch. Sambhaji Nagar. This will help the company reduce operational expenses while promoting renewable energy usage in its manufacturing processes.

Both target companies, AMPIN Energy Thirty One and Amp Energy Thirty Two, were incorporated as special-purpose vehicles in late 2023 to develop and operate renewable energy projects in India. Neither entity has begun commercial operations yet. Amp Energy Thirty Two is developing a solar plant with a gross capacity of approximately 7.5 MWp, while AMPIN Energy Thirty One is planning a 5 MWp facility.

The company clarified that although the equity allotments took place on January 14, the public disclosure was made on January 19, 2026, after receiving formal intimation from the energy companies. All transactions were completed in cash at the par value of Rs. 10 per share, and the deals did not involve any interest from the company’s promoters or promoter groups. These investments highlight CIE Automotive India’s commitment to integrating renewable energy into its industrial operations and enhancing long-term cost efficiency.

This approach reflects the company’s focus on sustainability and efficient energy management, aiming to balance operational needs with renewable energy adoption in the growing Indian industrial sector.