MRF Limited announced it has entered into a Captive Power Agreement with R.D Nature Powers Private Limited to purchase solar power. This move aligns with the Tamil Nadu government’s group captive power policy. MRF will acquire up to 30% equity in R.D Nature Powers Private Limited for ₹30 Lakhs, reinforcing its commitment to renewable energy sourcing.
MRF Limited Secures Renewable Energy Partnership
MRF Limited has officially announced a significant step towards securing its renewable energy needs. The company has entered into a Captive Power Agreement with R.D Nature Powers Private Limited. This agreement, dated November 13, 2026, facilitates the purchase of solar power under the framework of the Government of Tamil Nadu’s group captive power policy and the Electricity Act, 2003.
Equity Investment in Solar Venture
As part of this strategic partnership, MRF Limited will be acquiring an equity stake of up to 30% in R.D Nature Powers Private Limited. The total investment for this stake amounts to ₹30 Lakhs, which will be utilized for the purchase of 3,00,000 equity shares at ₹10 per share. This investment signifies MRF’s commitment to sustainable energy practices and its proactive approach to managing operational costs and environmental impact.
About R.D Nature Powers Private Limited
R.D Nature Powers Private Limited is a company incorporated on November 13, 2024, with a CIN of U35100TZ2024PTC032913. It is engaged in the generation, distribution, and transmission of electricity from wind, solar, and other green energy sources, as well as power trading. The company possesses a total installed capacity of 65 MWp. For the financial years ending March 31, 2025, and March 31, 2026, R.D Nature Powers reported nil turnover.
Acquisition Rationale and Timeline
The primary reason for this acquisition is to enhance MRF Limited’s source of renewable power supply, aligning with group captive power generation compliance requirements. The acquisition is expected to be completed by December 31, 2026, through an investment in equity shares via cash consideration.
Disclosure Information
The transaction is not considered a related party transaction. No specific governmental or regulatory approvals are indicated as required for this acquisition. The details provided are in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Source: BSE
