Kajaria Ceramics Invests ₹12.15 Crore in Sunsure Solarpark for Green Power
Kajaria Ceramics will invest up to ₹12.15 Crores in Sunsure Solarpark Fourty Three Private Limited for solar and wind power generation. The agreement, signed on September 2, 2026, aims to reduce power costs and promote green energy for its Rajasthan plants.
The investment amount is significant and directly impacts operational costs and sustainability goals, warranting a medium impact assessment.
The investment in renewable energy and the aim to reduce power costs are positive developments for the company's operational efficiency and environmental sustainability.
Kajaria Ceramics Limited has entered into a Shareholders' Agreement with Sunsure Energy Private Limited and Sunsure Solarpark Fourty Three Private Limited for the generation and supply of solar and wind power to its plants in Gailpur and Malootana, Rajasthan.
This strategic move, approved by the Board of Directors on July 31, 2026, aims to reduce power costs by transitioning to more cost-effective and environmentally friendly solar and wind energy sources. The company will contribute up to ₹12.15 Crores towards the equity shares of Sunsure Solarpark Fourty Three Private Limited in tranches, as required under the Electricity Act.
The agreement, executed on September 2, 2026, outlines that Sunsure will be managed by its own Board, with the Promoter of Sunsure responsible for the appointment and removal of directors and key managerial personnel. The Shareholders' Agreement remains valid as long as the Power Purchase Agreement between Kajaria Ceramics and Sunsure is in force. The parties involved are not related, and the transaction is not considered a related party transaction.
A plain-language summary of a public exchange filing by Kajaria Ceramics Limited. Read the original for the full detail.