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BusinessApr 09, 2026 05:33 PM

Mahindra to acquire 26% stake in Neon Hybren for Punjab captive solar project

The investment of up to ₹11.17 crore will support a proposed 30 MW AC solar project in Punjab, aimed at supplying power to the company on a captive basis. Mahindra & Mahindra (M&M) on Thursday said it has approved the acquisition of a 26 per cent stake in Neon Hybren Private Ltd as part of plans to set up a group captive solar power project in Punjab. In a regulatory filing, the company said Neon is in the process of establishing a grid-connected photovoltaic ground-mounted captive power plan ...Read More >

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