Shree Krishna Paper Mills To Buy 26.5 per cent Stake In Solar Firm
POWER & RENEWABLE ENERGY

Shree Krishna Paper Mills To Buy 26.5 per cent Stake In Solar Firm

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code