Alicon Castalloy Limited has entered into an agreement with Radiance MH Sunrise Eight Pvt. Ltd. and Radiance Renewables Pvt. Ltd. for subscribing 10.40% of the Equity Capital of Radiance MH Sunrise Eight Private Limited and has also entered into a Power Purchase Agreement with them for purchase of solar power on captive consumption at the Companys Shikrapur Plant in Pune.