Hero MotoCorp Limited has made significant decisions following its Board of Directors meeting on February 6, 2025. The company approved its unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2024. The results were released along with a limited review report, and a press release was issued regarding the same.
Investment in Solar Power
As part of its commitment to sustainability, Hero MotoCorp has decided to invest ₹5.15 crore in a Solar Power Wheeling project under the Group Captive model for its manufacturing facilities in Dharuhera and Gurugram. This investment will be made through a Special Purpose Vehicle (SPV) in collaboration with CleanMax Enviro Energy Solutions Pvt. Ltd. (CleanMax).
The project will be developed under the Green Energy Open Access Regulations 2023 set by the Haryana Electricity Regulatory Commission. Hero MotoCorp will acquire a 26% stake in the SPV, with the project expected to be completed within one year.
Interim Dividend Announcement
In addition to the solar investment, Hero MotoCorp’s board has approved an interim dividend of 5000%, amounting to ₹100 per equity share with a face value of ₹2 per share for the financial year 2024-25.
The record date for identifying eligible shareholders is set for February 12, 2025, and the dividend payments or dispatch of warrants will be completed by March 8, 2025.
Commitment to Green Energy
Hero MotoCorp has already been incorporating solar and other renewable energy solutions across its manufacturing units. This latest investment with CleanMax is expected to further improve its energy effectiveness and decrease dependence on conventional power sources. The activity is in line with India’s broader push toward feasible mechanical development and the government’s center on expanding renewable energy adoption.
This partnership is expected to set a precedent for other automakers in India to explore renewable energy solutions as the industry moves toward a greener future.
Hero MotoCorp has confirmed that it has complied with all necessary disclosures and regulatory requirements under SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.
With this move, the company continues to strengthen its sustainability efforts while also rewarding its shareholders with a substantial dividend.
