🔋 SWELECT forms 50:50 JVs with FortifyGrid for Solar BESS in India & Singapore
👉🏻 Approves JV with FortifyGrid LLC, USA to incorporate SWELECT FortifyGrid India Pvt Ltd
👉🏻 Shareholding: 50% SWELECT & 50% FortifyGrid
👉🏻 Focus: Design, engineering, procurement & installation of Solar BESS projects
👉🏻 Initial subscription: ₹5,00,000 each; 5000 shares of ₹10 each by both partners
👉🏻 Separate JV through SWELECT Singapore to develop Solar BESS in Singapore & ASEAN region
#SWELECTES #SolarBESS #EnergyStorage