Shree Krishna Paper Mills has agreed to acquire a 26.5 per cent stake in a solar project firm and has entered into a power purchase agreement with the developer. The transaction secures a long term supply of renewable electricity for the industrial group and represents an extension of its energy portfolio into generation assets. Company executives described the arrangement as a strategic investment to support operational needs and sustainability goals.

The power purchase agreement sets out terms for the supply and pricing of solar power and establishes the duration and delivery schedule for the contracted energy. It will facilitate a predictable supply of renewable electricity that can be utilised across the company’s manufacturing facilities or supplied to the grid under prevailing regulations. The accord includes provisions for metering, scheduling and compliance with grid codes.

The equity investment gives Shree Krishna Paper Mills an ownership interest in the project company and aligns capital allocation with its broader decarbonisation objectives. The stake will provide the industrial group with closer visibility of generation performance and operational control over contracted output. The investment is also designed to strengthen energy security and reduce exposure to market price volatility for grid electricity. The company will monitor generation performance through regular reporting and oversight.

The move reflects a wider trend among industrial consumers to integrate renewable generation within their energy strategies and to secure long term power supply through direct investment and contractual arrangements. The company indicated that the transaction supports its sustainability reporting and long term planning and complements ongoing efforts to lower its carbon intensity. Regulatory approvals and customary closing conditions are to be completed before the acquisition is finalised.