JK Tyre Approves Rs 50.4 Mn Investment In Sunpulse Power

11 Mar 2026 CW Team

JK Tyre & Industries approved an investment of Rs 50.4 million (Rs 50.4 mn) to acquire at least 26 per cent equity in Sunpulse Power Private Limited, a solar power generation company promoted by Oriana Power Limited, the company said after its board meeting held on five March 2026. The approval covers a cash investment and secures a strategic minority stake in the newly incorporated renewable energy firm. The move was presented as part of the group’s efforts to expand captive renewable capacity.

The company said the transaction is expected to be completed within 90 days and does not require regulatory or governmental approvals. Sunpulse Power Private Limited was incorporated on 27 July 2025 and is headquartered in New Delhi, with a stated focus on solar power generation. The proposed acquisition will enable JK Tyre to procure renewable electricity through a captive power arrangement.

Under India’s captive power regulations, a minimum equity holding of 26 per cent is required for a company to qualify as a captive user, and the stake secured will allow JK Tyre to meet that threshold. By qualifying as a captive user the tyre maker will be able to directly source solar energy for its manufacturing operations and apply accounting and compliance frameworks appropriate to captive generation. The structure is expected to support operational energy planning and long term supply visibility.

The investment aligns with JK Tyre’s broader strategy to increase the share of renewable energy in its operations and to reduce reliance on conventional grid power. Management indicated the step supports sustainability objectives and may contribute to lower carbon intensity across the business. The board approval is the latest in a series of corporate moves to integrate renewable generation into industrial energy portfolios.

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