SPR Auto to Invest ₹6 Cr for 23.21% Stake in Solar Project

SPR Auto Technologies Ltd (formerly Shriram Pistons & Rings Ltd) has entered into agreements to acquire approximately 23.21% equity stake in Sunsure Solarpark Forty Private Limited for up to ₹6 crore. This investment is for a group captive solar power project aimed at meeting green energy needs, optimizing energy costs, and complying with regulatory requirements. The company will also procure solar power from this project for its manufacturing facility in Pathredi, Rajasthan, via a Power Purchase Agreement. The acquisition will be completed in two tranches, with the first of ₹90 lakh due by September 24, 2026. Sunsure Solarpark is a special-purpose vehicle and a wholly owned subsidiary of Sunsure Energy Private Limited, and has not yet commenced commercial operations.