- Suprajit Engineering Limited (NSE: SUPRAJIT, BSE: SUPRAJIT) signed a Power Purchase Agreement and a share‑acquisition deal with Amplus Green Power Private Limited and Amplus Energy Solutions PTE Ltd, committing INR 38,40,000 in cash.
- The company will subscribe to a minimum 26 % equity stake in Amplus Green Power Private Limited, with the transaction to be completed within 4 months in one or more tranches.
- The captive solar arrangement is intended to power Suprajit’s Uttar Pradesh manufacturing plant, lowering electricity costs, boosting renewable‑energy use, and supporting its sustainability objectives.
- The cash outlay of INR 38.4 lakh is modest relative to Suprajit’s scale, involves no dilution of existing shareholders, and is not a related‑party transaction.
The Power Purchase Agreement and min 26% equity acquisition in Amplus Green Power for INR 38. 4 lakh allows Suprajit Engineering to establish a group captive solar setup for its Uttar Pradesh manufacturing plant. Under Indian electricity regulations, taking a 26% equity stake in a solar SPV is a standard requirement to qualify for group captive power consumption, thereby avoiding cross-subsidy surcharges and lowering power tariffs.
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