Joint Venture25 Nov 2025, 12:29 pm
Vardhman Textiles Ltd. Executes Share Subscription and Power Purchase Agreements with ASG HOLDCO BETA PTE. LIMITED and Sone Solar Energy One Private Limited
AI Summary
Vardhman Textiles Ltd. has executed Share Subscription and Shareholder’s Agreement with ASG HOLDCO BETA PTE. LIMITED and Sone Solar Energy One Private Limited, along with a Power Purchase Agreement with Sone Solar Energy One Private Limited. The agreements are for the development of a ground mounted solar (photovoltaic) power generation facility in Punjab, having a total capacity of 30 MWac (42MWp). Vardhman Textiles Ltd. will hold 19.5% equity capital of Sone Solar Energy One Private Limited. The purpose of the agreements is to supply power on a group captive basis to Vardhman Textiles Ltd. and other eligible captive users.
Key Highlights
- Vardhman Textiles Ltd. has executed Share Subscription and Shareholder’s Agreement with ASG HOLDCO BETA PTE. LIMITED and Sone Solar Energy One Private Limited.
- A Power Purchase Agreement has been entered by the Company with Sone Solar Energy One Private Limited.
- The purpose of the agreements is to develop a ground mounted solar (photovoltaic) power generation facility in Punjab, having a total capacity of 30 MWac (42MWp).
- Vardhman Textiles Ltd. will hold 19.5% equity capital of Sone Solar Energy One Private Limited.
- The power generated will be supplied on a group captive basis to Vardhman Textiles Ltd. and other eligible captive users.