Investment14 Nov 2025, 06:22 pm
GRP Ltd Invests in BECIS Solar 5 Private Limited for Procurement of Solar Power
AI Summary
GRP Ltd has entered into a Power Purchase Agreement with BECIS Solar 5 Private Limited for the supply of solar power. The company has also agreed to subscribe to 26.43% of the equity share capital of BECIS. This strategic investment will enable GRP Ltd to procure solar power at a preferential tariff for its manufacturing units, thereby reducing overall energy costs and utilizing environment-friendly renewable energy.
Key Highlights
- GRP Ltd invests in BECIS Solar 5 Private Limited for the procurement of solar power
- BECIS to supply solar power to GRP Ltd as a captive user
- GRP Ltd to subscribe to 26.43% of the equity share capital of BECIS
- Investment aimed at reducing overall energy costs and utilizing renewable energy
- BECIS is in the process of setting up a 8 MW solar power project in Gujarat