Investment7 Aug 2026, 01:47 pm
JK Tyre Invests ₹1.38 Cr in Solar Power Company
AI Summary
JK Tyre & Industries Ltd. announced its Board of Directors has approved an investment of up to ₹1.38 Crore to acquire a 26% equity stake in STTY RE Banmore Ltd. (STRBL), a solar power company. This investment is part of a captive power route strategy to secure solar energy at competitive rates for 25 years. STRBL will develop a 6 MWp solar power project with an approximate total Capex of ₹17.70 Crore, funded by STRBL itself. The acquisition will make STRBL an associate of JK Tyre and is being conducted on an arm's length basis, approved by the Audit Committee.
Key Highlights
- JK Tyre to invest up to ₹1.38 Cr for 26% stake in solar firm STRBL.
- Investment aims to secure competitive solar power for 25 years.
- STRBL will develop a 6 MWp solar project under captive power route.
- Transaction is at arm's length and approved by the Audit Committee.
Price Impact
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