Grasim Industries Approves Acquisition of 26% Stake in Renewable Energy SPV for Captive Power Supply

Grasim Industries has approved the acquisition of a 26% equity stake in Ampin C&I Power Thirty Private Limited, a special purpose vehicle (SPV) formed for renewable energy supply under the group captive model. The investment is aimed at meeting the company’s green energy requirements at its Harihar facility in Karnataka while supporting regulatory compliance and energy cost optimisation.

Board Approves Renewable Energy Investment

The company informed stock exchanges that its board of directors approved the acquisition during a meeting held on May 20, 2026.

The proposed investment involves acquiring a 26% stake in Ampin C&I Power Thirty Private Limited, an SPV established for supplying renewable hybrid energy under the group captive scheme.

The transaction was disclosed under Regulation 30 of the SEBI Listing Regulations.

Purpose of the Acquisition

According to the company, the investment is intended to help meet its renewable energy requirements and support captive power consumption obligations under electricity regulations.

The company also stated that the arrangement is expected to assist in optimising energy costs while increasing the use of green power across operations.

The renewable energy generated by the SPV will support Grasim’s facility located in Harihar, Karnataka.

Details of the Renewable Energy Project

The SPV has been incorporated for the development of a captive wind-solar hybrid power generation project.

The planned facility will include a solar generation capacity of 37.95 MWp DC / 25.30 MW AC along with a wind generation capacity of 27 MW AC.

Ampin C&I Power Thirty Private Limited was incorporated on July 23, 2025, and is registered in New Delhi.

Investment Structure and Timeline

Grasim Industries said the proposed investment could amount to up to ₹30.60 crore and may be completed in one or more tranches.

The acquisition will be executed through cash consideration.

The company expects the transaction to be completed within 180 days from the execution of agreements including the Energy Supply Agreement, Share Subscription Agreement and Shareholders’ Agreement.

Company Clarifies Transaction Nature

The company clarified that the acquisition does not qualify as a related party transaction and that promoter or promoter group entities do not hold any interest in the SPV.

It also stated that no separate governmental or regulatory approvals are required for completing the transaction.

Grasim Industries Share Price Performance

Shares of Grasim Industries were trading at ₹2,959.60 on May 20, 2026, at 2:45 PM IST, compared to the previous close of ₹2,935.20. The stock gained ₹24.40, or 0.83%, during the trading session.

Conclusion

Grasim Industries’ planned investment in the renewable energy SPV reflects its focus on captive green power sourcing and energy cost management. The acquisition is expected to support the company’s renewable energy consumption strategy while aligning with regulatory requirements related to captive power usage.

Read More: Sun Pharma Share Price in Focus; ARC Partner Receives USFDA Complete Response Letter for PDP-716 Drug Application.

Want to read stock market updates in Hindi? Angel One News gives comprehensive share market news in Hindi.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks. Read all related documents carefully before investing.