Suprajit Engineering532509New partnership deal
Enters solar Power Purchase Agreement; to invest Rs.38.4 lakh for minimum 26% in Amplus Green Power
Enters Power Purchase Agreement with Amplus Green Power Private Limited.
By ScoutQuest · · 2 min read
26%Minimum shareholding in project company (with other captive users
- Investment
- Rs.38.4 lakh in one or more tranches
- Stake Subscription
- minimum 26% (along with other captive users) of its equity share capital
- Expected Completion
- within 4 Months, subject to customary conditions precedents
What the company has entered into
- A Power Purchase Agreement (PPA) with Amplus Green Power Private Limited.
- A Share Acquisition and Shareholders' Agreement with Amplus Energy Solutions PTE Ltd. and Amplus Green Power Private Limited.
- Investment of Rs.38.4 lakh in one or more tranches, for subscription of minimum 26% (along with other captive users) of its Securities i.e. equity share capital.
How the solar power arrangement works
- The company will participate as a captive consumer in the solar power project located in the State of Uttar Pradesh.
- The captive users will collectively hold the requisite minimum 26% equity share capital of the relevant project company.
- The stated object is to enhance the company's source of renewable power supply.
- The arrangement is expected to reduce the cost of electricity consumed at the company's manufacturing facilities in Uttar Pradesh and increase the share of renewable energy in its power consumption, supporting its sustainability objectives.
Annexure details
- Name of the target entity: Amplus Green Power Private Limited.
- Industry of the entity: Power Generation.
- The proposed acquisition is not a related party transaction, and the promoter / promoter group companies have no interest in the proposed acquisition.
- Nature of consideration: Cash Consideration.
- Governmental or regulatory approvals required: Not Applicable.
- The transaction is subject to customary conditions precedents and is expected to be completed within 4 Months.
Why this kind of update matters
- A captive power arrangement is a way for a manufacturer to tie up part of its electricity supply directly with a generator, here a solar plant.
- The company's stated expectation is a lower cost of electricity at its Uttar Pradesh facilities and a larger renewable share in its power mix.
- The transaction is subject to conditions precedents, so the completion timeline shared is an indicative one, expected within 4 Months.
Also from Suprajit Engineering
Board meeting on November 7, 2026 to consider unaudited Q2 and H1 financial results
9 Oct 2026
More numbers
- Investment for subscription of securitiesRs.38,40,000
- Minimum shareholding in project company (with other captive users)minimum 26%
- Indicative time period for completion of the acquisition4 Months
Source: BSE · 15 Oct 2026
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