Kajaria Ceramics approves ₹12.15 Cr stake in Sunsure for captive power
- Kajaria Ceramics approved up to ₹12.15 crore equity investment in Sunsure Solarpark
- Deal secures captive solar and wind power for Gailpur and Malootana plants
- Transaction aims to reduce power costs and improve environmental compliance
- Agreement executed on September 2, 2026, with no related-party involvement
*this image is generated using AI for illustrative purposes only.
Kajaria Ceramics has approved an equity investment of up to ₹12.15 crore in Sunsure Solarpark Forty Three Private Limited to secure captive solar and wind power generation.
The Board of Directors sanctioned the move on July 31, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company executed the Shareholders' Agreement on September 2, 2026, with Sunsure Energy Private Limited and Sunsure Solarpark.
Strategic Rationale
The investment targets cost reduction for Kajaria’s manufacturing plants in Gailpur and Malootana, Rajasthan. By shifting to renewable energy sources, the company aims to lower power expenses while adhering to environmental standards mandated by the Electricity Act.
Key Terms
| Particulars | Details |
|---|---|
| Investment Amount | Up to ₹12.15 crore in tranches |
| Counterparty | Sunsure Solarpark Forty Three Pvt Ltd |
| Purpose | Captive solar/wind power for Rajasthan plants |
| Related Party | No |
Sunsure will manage operations independently, with its promoter appointing key managerial personnel including the CEO and CFO. The agreement remains valid as long as the Power Purchase Agreement is in force.
Historical Stock Returns for Kajaria Ceramics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.67% | +3.27% | +2.05% | +32.49% | +0.52% | +3.45% |
How will the transition to captive renewable energy impact Kajaria Ceramics' long-term EBITDA margins given the current volatility in grid power tariffs?
What is the expected timeline for the full commissioning of the solar and wind infrastructure at the Gailpur and Malootana plants, and how will it affect production capacity during the installation phase?
Could this investment serve as a template for other ceramic manufacturers in Rajasthan to adopt similar captive power models to mitigate regulatory and cost pressures?
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