Craftsman Automation, an India-based engineering company, has disclosed an equity investment in Event Green Power (EGPPL) under the Group Captive Scheme mandated by the Electricity Act, 2003. The company said it has invested INR 42,000 (~$ 476.68) in EGPPL’s equity shares. Following the transaction, Craftsman Automation’s shareholding in the solar power company was recorded at 1.91 percent. The investment was undertaken to meet the statutory requirements linked to group captive power consumption. Event Green Power is engaged in developing solar power projects to provide electricity to captive users in compliance with regulatory norms. Craftsman Automation stated that the transaction was limited in value and represented a minority holding.