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Telecom -  Equipment & Accessories
Business Update18 Dec 2025, 05:41 pm

Birla Cable Terminates Power Purchase Agreement with Continuum MP Windfarm Development

AI Summary

Birla Cable Ltd has terminated its Power Purchase Agreement (PPA) with Continuum MP Windfarm Development Private Limited due to non-feasibility of power supply under LTOA/MTOA. The agreement was terminated with effect from 17th December, 2025, without any liability on either party. The Share Purchase and Shareholders Agreement (SPSHA) with Continuum also stands terminated. The Company will transfer/sell 17,39,400 number of fully paid-up equity shares of Continuum to Continuum Green Energy Limited, a Promoter of Continuum, at the original purchase price of Rs. 10/- per equity share, within seven working days. This intimation is being submitted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Highlights

  • Birla Cable terminates Power Purchase Agreement with Continuum MP Windfarm Development
  • Termination due to non-feasibility of power supply under LTOA/MTOA
  • Share Purchase and Shareholders Agreement with Continuum also terminated
  • Company to transfer/sell 17,39,400 number of equity shares to Continuum Green Energy Limited
  • Intimation submitted pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015
BIRLACABLE
Telecom - Equipment & Accessories
Birla Cable Ltd

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