Saurashtra Cement signs 14 MW Wind-Solar Hybrid Power Agreement, invests ₹14.92 Crore
Saurashtra Cement Limited entered into a Power Consumption Agreement and a Share Purchase & Shareholders’ Agreement for a 14 MW Wind-Solar Hybrid power arrangement. The company will invest approximately ₹14.92 Crore in Jamnagar Renewables Two Private Limited. The agreement has a tenure of 25 years.
The agreement involves a significant investment and a long-term commitment to renewable energy, which is material for the company's operational costs and environmental footprint.
The company is entering into a long-term agreement for renewable energy sourcing and making a strategic investment, which is positive for its sustainability goals and operational efficiency.
Saurashtra Cement Limited has entered into two significant agreements on September 28, 2026, to secure renewable energy. The company signed a Power Consumption Agreement with Jamnagar Renewables Two Private Limited, the "Power Producer", and a Share Purchase & Shareholders’ Agreement with the Power Producer and Continuum Green Energy Limited, the "Promoter".
These agreements are aimed at the long-term sourcing of renewable energy through a Group Captive Wind-Solar Hybrid power arrangement, aligning with the company's power requirements and sustainability objectives. The contracted capacity for this hybrid power project is 14 MW.
As part of this arrangement, Saurashtra Cement Limited will make an equity investment of approximately ₹14.92 Crore by purchasing 1,49,22,600 equity shares of Jamnagar Renewables Two Private Limited. The Power Consumption Agreement has a tenure of 25 years from its actual commencement date, with a lock-in period of 7 years. The transaction does not fall under related party transactions.
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Saurashtra Cement 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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