Kajaria Ceramics Limited has announced its Board of Directors has approved an investment of up to ₹12.15 Crores in Sunsure Solarpark Fourty Three Private Limited. This investment, made via equity shares, is intended for solar and wind power captive consumption, in line with the Electricity Act. Consequently, the company has entered into a Shareholders’ Agreement to secure renewable energy supply for its plants at Gailpur and Malootana, Rajasthan, aiming for cost-effectiveness and environmental benefits.
Kajaria Ceramics Boosts Renewable Energy Investment
Kajaria Ceramics Limited has taken a significant step towards enhancing its sustainability and operational efficiency by approving a substantial investment in renewable energy. The company’s Board of Directors, in a meeting held on July 31, 2026, greenlit an investment of up to ₹12.15 Crores in the equity shares of Sunsure Solarpark Fourty Three Private Limited. This strategic move is aimed at securing power for captive consumption through solar and wind energy sources, a requirement mandated by the Electricity Act and subject to applicable laws.
Shareholders’ Agreement for Renewable Power
Following the board’s approval, Kajaria Ceramics has formally entered into a Shareholders’ Agreement. The agreement is with Sunsure Solarpark Fourty Three Private Limited and Sunsure Energy Private Limited. This partnership is crucial for the generation and supply of solar and wind power. The renewable energy generated will be utilized at the company’s manufacturing plants located in Gailpur and Malootana, Rajasthan. This initiative is expected to yield cost-effective energy solutions and contribute to the company’s environmental objectives.
Key Terms of the Agreement
The Shareholders’ Agreement, executed on September 2, 2026, outlines several key terms governing the relationship between Kajaria Ceramics, Sunsure Energy Private Limited (as Promoter), and Sunsure Solarpark Fourty Three Private Limited. The primary objective is to reduce power costs for the Gailpur and Malootana plants by transitioning to more cost-effective and environmentally friendly solar and wind power. Kajaria Ceramics, as a captive user, will contribute the approved ₹12.15 crores towards the equity shares of Sunsure. The agreement also details management, appointment of key personnel, and share transfer provisions, ensuring the smooth operation and alignment of interests for the duration the Power Purchase Agreement remains in force.
Source: BSE
