Investment15 Apr 2026, 05:21 pm
SKPMIL invests ₹310 lakhs for 26.5% in RGPOPL for captive solar
AI Summary
Shree Krishna Paper Mills & Industries Ltd (SKPMIL) has entered into a Power Purchase Agreement (PPA) with Ratan Green Projects One Private Limited (RGPOPL) on April 15, 2026. Under this agreement, RGPOPL will supply solar power to SKPMIL as a captive user. To comply with captive requirements under Electricity Laws, SKPMIL is subscribing to 26.5% of RGPOPL's equity share capital for a total cash consideration of ₹310.00 lakhs, to be paid in two tranches. RGPOPL, incorporated on December 11, 2025, is developing an 8.5 MW AC / 12 MWp DC Solar and 1.3 MWh BESS power project in Rajasthan to supply power to captive users.
Key Highlights
- SKPMIL invests ₹310 lakhs for 26.5% equity in RGPOPL.
- RGPOPL will supply 8.5 MW AC solar power to SKPMIL as a captive user.
- The investment ensures compliance with captive power regulations.
- This move aims to enhance energy security and potentially reduce power costs.
- RGPOPL is developing a solar power project in Rajasthan.