Modern Threads Signs 25-Year Power Purchase Agreement for 5MW Capacity
Modern Threads (India) Limited signed a 25-year Power Purchase Agreement with KGK Greens Private Limited on April 29, 2026. The agreement is for procuring 5MW (DC) solar power capacity at Phalodi, Rajasthan. No promoter or group company interest exists in the counterparty, and it's not a related party transaction.
The PPA secures a long-term energy supply at a fixed capacity, which can lead to cost stability and predictability. The 5MW capacity is significant for a company of this size, but its direct financial impact will depend on the terms and the company's energy consumption patterns.
The signing of a long-term Power Purchase Agreement for renewable energy capacity is a positive development, indicating strategic investment and commitment to sustainable operations.
Modern Threads (India) Limited has announced the execution of a Power Purchase Agreement (PPA) with KGK Greens Private Limited on April 29, 2026. This agreement is for the procurement of a 5MW (DC) capacity on a long-term basis of 25 years.
The PPA is related to a solar power project located at Palli site, Phalodi, Rajasthan (PIN 342311). The agreement is with a domestic entity, and the company has stated that neither the promoter, promoter group, nor group companies have any interest in KGK Greens Private Limited. Consequently, the contract does not fall under related party transactions.
Further details regarding the agreement, as required by SEBI regulations, have been provided in Annexure I. This includes confirmation that the agreement is for procurement of solar power capacity and that there are no nominee directors from Modern Threads on the board of KGK Greens Private Limited, nor any apparent potential conflict of interest arising from this agreement.
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Modern Threads (India) Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Modern Threads (India) Limited. Read the original for the full detail.