Relaxo Footwears acquired 26% of Clean Max MUOI Private Limited, which becomes an associate. The stake supports renewable energy procurement for its Haryana manufacturing facilities.
Relaxo Footwears executed definitive agreements with Clean Max MUOI to procure renewable energy for its Haryana manufacturing facilities under a group captive mechanism.
Relaxo Footwears approved a ₹2.50 Crore investment for a 26% stake in a solar power SPV. This captive project aims to power its Haryana manufacturing facilities.