Mahindra & Mahindra Forms New Step-Down Unit for Renewable Energy

MT Newswires Live

2024/12/30

Mahindra & Mahindra (NSE:M&M, BOM:500520) has incorporated a step-down subsidiary named Ultrogen Hybren to deal in the renewable energy space, according to a Sunday filing with the stock exchanges.

Ultrogen Hybren has been incorporated for the production and sale of power and generating electricity including rooftop solar installation for commercial, industrial, institutional and residential segment, through various renewable energy sources and energy storage systems etc.

The new company is a wholly-owned subsidiary of Mahindra Susten, a step-down arm of the company.

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