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CIE India Completes ₹2.62 Cr Acquisition in AMP Energy, Secures Solar Power
CIE Automotive India Limited
January 19, 2026, 03:04 PM
CIE Automotive India Limited completed its ₹2.62 crore investment in AMP Energy C&I Thirty Two Private Limited. The company now holds 40% equity, securing captive solar power to optimize costs at its Chakan plant. The final tranche of ₹1.31 crore was invested on January 14, 2026.
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CIE Automotive India Limited has completed its proposed investment in AMP Energy C&I Thirty Two Private Limited by subscribing to equity shares worth ₹1.31 crore in the second and final tranche on January 14, 2026. This follows an initial investment of ₹1.31 crore made on December 2, 2025. The total investment amounts to ₹2.62 crore.
With this final tranche, CIE India now holds 40% of the paid-up equity capital of AMP Energy, representing 29% on a fully diluted basis. AMP Energy is established as a special purpose vehicle to develop and operate renewable energy projects in India, specifically focusing on setting up a captive generating plant of approximately 7.5 MWp (5 MWac) capacity. This investment is crucial for CIE India to qualify as a captive consumer, thereby optimizing power costs at its Chakan, Pune forging plant.
The acquisition was completed in two tranches, with the first on December 2, 2025, and the second on January 14, 2026. AMP Energy C&I Thirty Two Private Limited was incorporated on December 1, 2023, and is engaged in developing and operating renewable energy projects. The disclosure is made promptly upon receiving the necessary intimation from AMP Energy on January 19, 2026.
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