Vodafone Idea’s Board of Directors has approved an investment to subscribe to 26% of the equity capital of a special purpose vehicle (SPV). This SPV will be incorporated for the purpose of owning and operating a captive power plant to meet regulatory requirements for captive power consumption under electricity laws. The investment aims to optimize power consumption costs.
Investment in Captive Power Plant
The Board of Directors of Vodafone Idea Limited has approved an investment to subscribe to 26% of the equity capital of a special purpose vehicle (SPV). The decision was made at a board meeting held on November 10, 2025.
Details of the Investment
The SPV, which will be incorporated by Shree MTK Textile Private Limited (SMTPL), will focus on owning and operating a captive power plant. SMTPL will be the holding company. The objective is to meet regulatory requirements for captive power consumption under electricity laws, ensuring a stable and compliant energy supply for Vodafone Idea. This investment is for the renewable energy sector.
Financial Implications
Vodafone Idea will invest up to ₹4.33 Crore in the equity capital of the SPV, and it shall be acquired in one or more tranches. This stake will provide Vodafone Idea with 26% equity stake in the SPV.
Source: BSE
