Jindal Stainless Acquires 7% Stake in Solar SPV for ₹5.08 Cr

Jindal Stainless Limited has acquired an additional 7% equity stake in Ampin C&I Three Private Limited, a special purpose vehicle (SPV) formed with Ampin C&I Private Limited. This acquisition, costing ₹5.08 Crores, brings Jindal Stainless's total stake to 24.21%. The SPV is developing a 40 MW solar group captive renewable energy project to meet the company's power requirements. The project is expected to generate approximately 61.73 million units annually, supporting Jindal Stainless's commitment to renewable energy and its net-zero carbon emissions target by 2050. The acquisition does not involve related parties and required no governmental or regulatory approvals.