Deals30 Apr 2026, 06:03 pm
Modern Thread Signs 25-Year PPA with KGK Greens for 5 MW Power
AI Summary
Modern Thread India Ltd has executed a 25-year Power Purchase Agreement (PPA) with KGK Greens Private Limited on April 29, 2026. The agreement secures 5 MW (DC) capacity for the company's operations at the Palli site in Phalodi, Rajasthan. The company confirmed that the deal involves no promoter/promoter group interest or related party transactions.
Key Highlights
- Modern Thread signed a 25-year Power Purchase Agreement.
- Secures 5 MW (DC) power capacity from KGK Greens Private.
- Power to be procured for Palli site, Phalodi, Rajasthan.
- No related party transaction or promoter interest involved.