Signs 25-Year Group Captive Wind-Solar Hybrid Power Pact for 14 MW with Rs. 14.92 Crore Equity Investment
Saurashtra Cement signed a Power Consumption Agreement with Jamnagar Renewables Two Pvt Ltd plus a Share Purchase & Shareholders' Agreement with Continuum Green Energy.
By ScoutQuest · · 1 min read
- Contracted Capacity
- 14 MW wind-solar hybrid
- Equity Investment
- Rs. 14.92 Crore
- Number of Shares
- 1,49,22,600 equity shares of Rs. 10/- each
- Tenure
- 25 years from actual commencement
- Lock-in Period
- 7 years
What was signed
On 28th September 2026 the company entered into two agreements: 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).
Purpose
Long-term sourcing of renewable energy under a Group Captive Wind-Solar Hybrid arrangement to meet the company's power requirements and sustainability objectives. Saurashtra Cement is the Captive User.
Key terms
- Contracted capacity: 14 MW wind-solar hybrid power
- Proposed equity investment: approximately Rs. 14.92 Crore
- Shares to be purchased: 1,49,22,600 equity shares of Rs. 10/- each of the Power Producer
- Tenure: up to 25 years from actual commencement date
- Lock-in period: 7 years
- Group Captive compliance under Electricity Rules, 2005
Why the structure matters
Under a group captive model, the consumer holds equity in the generating company and consumes power from it, which is why the share purchase accompanies the power consumption pact. The equity stake and lock-in are tied to maintaining captive status.
Other points
The transaction does not fall within related party transactions, and the material related party question is not applicable. The value of the agreement is not quantified at this stage as it depends on actual energy consumption and tariffs over the tenure. The commercial terms are subject to receipt of applicable statutory approvals.
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22 Oct 2026
Board approves appointment of Anurag Tiwari as Managing Director – Designate, Senior Management Personnel
12 Oct 2026
Board approves Anurag Tiwari as Managing Director – Designate, effective 16 October 2026
12 Oct 2026
More numbers
- Contracted capacity14 MW
- Proposed equity investmentRs. 14.92 Crore
- Equity shares to be purchased1,49,22,600 equity shares
- Face value per shareRs. 10/- each
- Tenure of agreement25 (Twenty-five) years
- Lock-in periodLock-in period of 7 years
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