Kajaria Ceramics Invests ₹12.15 Cr in Solar/Wind Power

Kajaria Ceramics Ltd has entered into a Shareholders' Agreement with Sunsure Solarpark Fourty Three Private Limited and Sunsure Energy Private Limited to secure solar and wind power for its Rajasthan plants. The company will invest up to ₹12.15 Crores in equity shares of Sunsure Solarpark Fourty Three Private Limited for captive consumption, aiming to reduce power costs and utilize environment-friendly energy sources as per the Electricity Act. The agreement includes provisions for director appointments and share transfer rights, valid until the Power Purchase Agreement is in force. This strategic move aligns with cost-efficiency and sustainability goals.