CEAT, one of the leading tyre companies in India, has signed Limited Liability Partnership (LLP) agreement with Harshvardhan Ravi Goenka and Yellowstone Clean Energy LLP,  for making an investment of upto Rs 60 lakhs, in one or one tranches in Cleanwin Energy Five LLP, on such term and conditions as prescribed therein to acquire 26% of the capital of the LLP.

The company has entered into a Power Delivery Agreement with Cleanwin, who is in the business of owing, operating and maintenance of the captive power generating plant and supply of electricity.

Shares of Ceat  are trading at Rs 1,338.10, up Rs 29.90, or 2.29%  at the Bombay Stock Exchange (BSE) on Tuesday at 12.27 p.m.

The scrip has touched an intra-day high of Rs 1,350 and low of Rs 1,308.10. The total volume of shares traded at the BSE is 8,864.

Currently, the stock is trading down  25.81% from its 52-week high of Rs 1,763.15 and above 35.46% over the 52-week low of Rs 878.