Concord Biotech (CONCORDBIO) — Announcement

Concord Biotech announced it will invest ₹6.3 crores to acquire 27.38% equity in FSGE Renewable Power Private Limited, a newly incorporated Gujarat-based special purpose vehicle developing a 6.3 MW wind-solar hybrid project for its Limbasi facility. The transaction, structured as a cash consideration at arm's length, aligns with the company's sustainability goals and aims to reduce long-term energy costs through renewable power generation. The investment will be completed within 60 days of the agreement date.

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About Concord Biotech Limited (CONCORDBIO)

Healthcare · Pharmaceuticals · Listed on NSE

Market Cap: ₹15,212.77 Cr P/E: 55.7 ROE: 13.5% ROCE: 18.1% Div Yield: 0.52%

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