Zodiac Energy Limited has announced the successful commissioning of a new 2.340 MWP solar power plant in Gujarat, marking a significant expansion of its renewable energy operations in the state.

Project Details

The solar power plant, located in Village Paroya, Taluka Khedbrahma, District Sabarkantha, Gujarat, was officially commissioned on September 1, according to a regulatory filing by the company. This development aligns with Zodiac Energy's commitment to expanding its presence in the renewable energy sector.

Regulatory Compliance

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Zodiac Energy promptly informed the stock exchanges about this significant operational milestone. The company received the connectivity report on the day of commissioning, confirming the plant's readiness to contribute to the power grid.

Strategic Importance

This new solar power plant represents a strategic move for Zodiac Energy, potentially enhancing its capacity to generate clean energy and contribute to India's growing renewable energy landscape. The 2.340 MWP capacity is expected to bolster the company's power generation portfolio and could have positive implications for its market position in the renewable energy sector.

Looking Ahead

The commissioning of this solar plant demonstrates Zodiac Energy's ongoing efforts to expand its operational footprint in the renewable energy space.

As the renewable energy sector continues to grow in importance, projects like this 2.340 MWP solar power plant may play a crucial role in meeting India's increasing demand for clean energy solutions.

Zodiac Energy Limited , a player in the renewable energy sector, has made a strategic move to strengthen its position in the solar power industry. The company has announced the acquisition of a 50% stake in Dhwarkesh Solar Projects LLP, marking a significant expansion of its solar energy portfolio.

Key Details of the Acquisition

• Stake Acquired: Zodiac Energy has acquired a 50% ownership interest in Dhwarkesh Solar Projects LLP.
• Acquisition Method: The stake was acquired through direct capital contribution.
• Transaction Value: Zodiac Energy contributed Rs. 10,000.00 out of the total capital of Rs. 20,000.00 of the LLP.
• Effective Date: The acquisition took effect on August 22, 2025.

About Dhwarkesh Solar Projects LLP

Dhwarkesh Solar Projects LLP, incorporated on November 12, 2020, is primarily engaged in:

• Setting up solar power plants
• Producing electricity through solar energy
• Selling solar power

The LLP, which now becomes an associate company of Zodiac Energy, has not reported any turnover in the last three financial years, indicating it may be in the early stages of its operations or project development.

Strategic Implications

This acquisition aligns with Zodiac Energy's business objectives and is expected to contribute to the company's expansion in the solar energy sector. By taking a significant stake in Dhwarkesh Solar Projects LLP, Zodiac Energy is positioning itself to capitalize on the growing demand for renewable energy solutions.

Regulatory Compliance

The company has confirmed that the transaction was carried out on an arm's length basis, in accordance with applicable laws. This acquisition falls under the related party transaction category, as promoters and members of the promoter group have an interest in the transaction.

Market Impact

While the immediate financial impact of this acquisition may be limited due to Dhwarkesh Solar Projects LLP's current lack of turnover, the strategic value lies in the potential for future growth and expansion in the solar energy market. This move demonstrates Zodiac Energy's commitment to strengthening its presence in the renewable energy sector.

As the renewable energy landscape continues to evolve, stakeholders will be watching closely to see how this acquisition contributes to Zodiac Energy's long-term growth strategy and its position in the competitive solar power market.