Rudra Gas Enterprise Invests in Greenstat Asia for Expansion
Key Ideas
- Rudra Gas Enterprise approved the investment in Greenstat Asia by acquiring 2.5% equity shares, a subsidiary of Greenstat Hydrogen.
- Greenstat specializes in green hydrogen and renewable energy projects, conducting feasibility studies and owning energy infrastructure.
- The acquisition aims to expand business horizons, share resources, and expertise to improve performance internationally.
- The collaboration with Greenstat Asia will help Rudra Gas Enterprise achieve common goals for business growth and development.
The Board of Rudra Gas Enterprise recently approved an investment in Greenstat Asia, a wholly owned subsidiary of Greenstat Hydrogen, by acquiring 25000 equity shares, equivalent to 2.5% of the company. Greenstat Hydrogen, based in Sri Lanka, is associated with Greenstat Group, a joint venture partner in Rudra Gas Greenstat Hydrogen. Greenstat is renowned for its expertise in conducting technical and financial feasibility studies for green hydrogen and renewable energy projects. The company is actively involved in owning and operating hydrogen and renewable energy infrastructure. The strategic acquisition aims to broaden Rudra Gas Enterprise's business horizons and work towards common goals by sharing resources and expertise to enhance performance and expand internationally. This move signifies a positive step towards business growth and collaboration in the renewable energy sector.