Vardhman Textiles Limited has approved the acquisition of a 19.5% stake in Sone Solar Energy One Private Limited, a company focused on renewable energy. This investment includes subscribing to shares and a shareholder’s agreement for a solar power generation facility in Punjab with a capacity of 30 MWac (42MWp). The investment will be ₹9.13 Crore.
Strategic Investment in Green Energy
Vardhman Textiles Limited is moving forward with its commitment to sustainable energy. On November 25, 2025, the company approved the acquisition of a 19.5% stake in Sone Solar Energy One Private Limited. This move supports the development of renewable energy infrastructure and aligns with Vardhman’s long-term environmental goals.
Project Details and Investment
The investment involves a share subscription and shareholder’s agreement with ASG HOLDCO BETA PTE. LIMITED (Developer) and Sone Solar Energy One Private Limited, categorized as a Power Producer. A ‘Power Purchase Agreement’ will also be entered. The solar power generation facility being developed in Punjab will have a total capacity of 30 MWac (42MWp). Vardhman Textiles’ contribution will be ₹9.13 Crore, representing a 19.5% stake, while ASG HOLDCO BETA PTE. LIMITED will contribute ₹34.65 Crore for a 74% stake.
Operational Structure and Rights
Vardhman Textiles Limited will utilize power from the plant under a captive power arrangement. While Vardhman Textiles will not appoint a director to the Board of the Power Producer, they will have the right to appoint a non-participative observer. The agreements were executed on November 25, 2025.
Projected Impact
This investment is expected to enhance Vardhman Textiles’ access to renewable energy, supporting its operational needs and reducing its carbon footprint. The plant is intended to operate as a group captive power plant supplying power to Vardhman Textiles Limited and other eligible captive users. Vardhman Textiles will hold 19.5% equity capital of Sone Solar Energy One Private Limited and has rights over Reserved Matters. The initiative is geared towards complying with regulatory requirements for captive power consumption and aligns with broader sustainability objectives.
Source: BSE