Investment23 May 2025, 07:07 pm
Seshasayee Paper and Boards to Invest up to Rs.26.01 Crores in 52.8 MWp Solar-Wind Hybrid Power Generation Facility
AI Summary
Seshasayee Paper and Boards Ltd. has entered into an agreement with Ganeko Solar Private Limited and Navia One Power Private Limited to develop a 52.8 MWp solar-wind hybrid power generation facility in Tamil Nadu. The company will invest up to Rs.26.01 crores for share purchase / share subscription in the Special Purpose Vehicle (SPV), thereby acquiring a stake of up to 26.1% of the Equity Share Capital of the SPV. This investment is expected to happen in Q1 of FY26.
Key Highlights
- Seshasayee Paper and Boards Ltd. to invest up to Rs.26.01 crores in a 52.8 MWp solar-wind hybrid power generation facility.
- The facility is located in Tamil Nadu and has a solar capacity of 52.8 MWP (DC)/ 35.2 MW (AC) and wind capacity of 9 MW.
- The company will acquire a stake of up to 26.1% of the Equity Share Capital of the Special Purpose Vehicle (SPV).
- The investment is expected to happen in Q1 of FY26.
- This investment will help the company to address its Solar Power & Wind Power requirements at a lower cost.