APAR Industries Limited (the company or APAR) announced that APAR has executed Supplementary Agreement dated November 10, 2023 to the Shareholders' Agreement (SHA) dated August 19, 2022 and Energy Supply Agreement (ESA) dated November 10, 2023 with Clean Max Rudra Private Limited. The company had entered into a Shareholders' Agreement and Energy Supply Agreement both dated August 19, 2022 for availing wind and solar hybrid power generation facilities at Taluka: Babra, District: Amreli, Gujarat, having wind turbine generators of 3.3 MVA capacity and a solar capacity of 2.805 MWp. Now the Supplementary Agreement to the Shareholders Agreement and Energy Supply agreement has been executed for establishing and developing another wind and solar hybrid power generation facilities in Gujarat, having wind turbine generators of 3.3 MVA capacity and a solar capacity of 2.805 MWp at Kalavad village in Jamnagar district in Gujarat (DC) (Project 2).

The power generated from this Project will also be supplied exclusively to APAR and SPV will be the operator of the entire Project as Generator.