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CIE Automotive India completes ₹1.75 Crore acquisition in renewable energy subsidiary
CIE Automotive India Limited
January 19, 2026, 03:10 PM
CIE Automotive India Limited completed its ₹1.75 Crore investment in its subsidiary, CIE Aluminium Casting India Limited (CIEALCAST). CIEALCAST acquired 8,75,000 shares in AMPIN Energy C&I Thirty One Private Limited on January 14, 2026, for ₹87.5 Lakhs. This investment aims to optimize power costs by establishing a captive solar power plant.
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CIE Automotive India Limited (CIEALCAST), a wholly owned subsidiary, has completed its investment in AMPIN Energy C&I Thirty One Private Limited by subscribing to the second and final tranche of equity shares. This investment, amounting to ₹87,50,000 (Rupees Eighty Seven Lacs Fifty Thousand Only), was made on January 14, 2026, at par value of ₹10 per share.
This follows a previous investment of ₹87,50,000 made in the first tranche on December 2, 2025. With this final investment, CIEALCAST now holds 40% of the paid-up equity capital of AMPIN Energy C&I Thirty One Private Limited, constituting 29% on a fully diluted basis.
AMPIN Energy C&I Thirty One Private Limited is a special purpose vehicle established for developing and operating renewable energy projects. It will set up a captive generating plant with a gross capacity of approximately 5 MWp (3.3 MWac) to supply solar power. This investment is crucial for CIEALCAST to qualify as a captive consumer, thereby optimizing power costs at its factory in Ch. Sambhaji Nagar, Maharashtra. The acquisition is considered complete as of January 14, 2026.
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