Investment4 Nov 2026, 01:37 pm
Jtekt India to Invest ₹2.4 Cr in Solar SPV
AI Summary
Jtekt India Ltd's Board of Directors approved the company's un-audited financial results for the second quarter ended September 30, 2026. Additionally, the Board approved an investment not exceeding ₹2,40,00,000 (₹2.4 Crore) in tranches, by subscribing to 26% equity in a Special Purpose Vehicle (SPV). This SPV will be promoted by a Renewable Energy Developer to establish a Group Captive Solar Power Project for captive consumption at Jtekt India's manufacturing facilities. The company will enter into various agreements, including a Share Purchase Agreement and an Energy Supply Agreement, with the SPV and/or the developer.
Key Highlights
- Board approved Q2 FY27 un-audited financial results.
- Company to invest up to ₹2.4 Crore in a solar power SPV.
- Investment secures 26% equity in the SPV.
- Project aims to set up a Group Captive Solar Power Project.
- Investment supports captive energy consumption at manufacturing facilities.
Price Impact
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