Stove Kraft Signs Power Purchase Agreement with Bhuj Wind Energy

Stove Kraft Ltd has executed a Share Purchase and Shareholders Agreement for Power Purchase with Bhuj Wind Energy Private Ltd, a subsidiary of Continuum Green Energy Ltd. This agreement aims to comply with regulatory requirements for captive power plants and procure cost-effective renewable energy. Stove Kraft will subscribe to 26% equity in Bhuj Wind Energy by investing ₹2,62,50,000 (₹2.625 Crore). The subscription is expected to be completed within approximately 3 months. The transaction is not considered a related party transaction.