Timken India Limited has entered into an agreement to acquire a 26.1% equity stake in Sunstreamgreen Energy C&I Three Private Limited. This investment is being made to purchase power under a Group Captive Scheme, supporting Timken’s renewable energy initiatives. The acquisition is expected to be completed on or before December 2025, furthering the company’s commitment to sustainable energy solutions.
Strategic Investment in Renewable Energy
Timken India Limited has announced a strategic agreement to acquire a 26.1% equity stake in Sunstreamgreen Energy C&I Three Private Limited. This move underscores Timken’s commitment to sustainable practices and renewable energy adoption.
Details of the Acquisition
The acquisition of shares in Sunstreamgreen Energy is primarily aimed at purchasing power under a Group Captive Scheme. This investment will enable Timken India to source renewable energy for its operations. The cost of acquisition is ₹70,00,020, which accounts for 7,00,002 equity shares at ₹10 each.
Sunstreamgreen Energy Overview
Sunstreamgreen Energy C&I Three Private Limited was recently incorporated on July 14, 2025, and is focused on electricity generation through renewable sources. The company’s operations are yet to commence. Timken’s investment is intended to facilitate the purchase of solar power generated by Sunstreamgreen Energy through a Power Purchase Agreement (PPA).
Timeline for Completion
The acquisition is expected to be completed on or before December 2025. This investment aligns with applicable regulations to maintain group captive status, requiring Timken to hold at least 26% of the equity shareholding in Target Company.
Source: BSE
