
Deals28 Sept 2026, 04:01 pm
Saurashtra Cement Signs 14 MW Renewable Power Deal
AI Summary
Saurashtra Cement Limited has entered into a Power Consumption Agreement and a Share Purchase & Shareholders' Agreement with Jamnagar Renewables Two Private Limited, and Continuum Green Energy Limited. This agreement, executed on September 28, 2026, aims to source renewable power through a Group Captive Wind-Solar Hybrid arrangement. The company will invest approximately ₹14.92 Crore in equity shares of the Power Producer to secure a contracted capacity of 14 MW. The agreement has a tenure of 25 years from the commencement date, with a lock-in period of 7 years, supporting the company's power requirements and sustainability objectives.
Key Highlights
- Saurashtra Cement to source 14 MW renewable power.
- Investment of ₹14.92 Crore in Jamnagar Renewables.
- 25-year agreement for Wind-Solar Hybrid power.
- Aims to meet power needs and sustainability goals.
Price Impact
More from SAURASHCEM