Investment27 Apr 2026, 05:11 pm
Shree Krishna Paper Invests ₹310 Lakh in Ratan Green Projects
AI Summary
Shree Krishna Paper Mills & Industries Ltd has invested ₹310 lakh in M/s Ratan Green Projects One Private Limited (RGPOPL) for 26.5% of its securities (equity share capital). The investment will be made in two tranches. This investment is to comply with captive requirements under electricity laws, as Shree Krishna Paper has a power purchase agreement with RGPOPL for solar power from a project in Rajasthan. The first tranche is due within 30 days of the agreement, and the second 30 days before the solar plant's commercial operation date.
Key Highlights
- Shree Krishna Paper invests ₹310 lakh in Ratan Green Projects One Private Limited.
- The investment secures 26.5% equity share capital in RGPOPL.
- Investment is split into two tranches with specific timelines.
- RGPOPL is setting up a solar power project in Rajasthan.
- The investment fulfills captive power consumption requirements.