B&B Triplewall Containers Limited to Acquire 1.30% Stake in KRV Renewable Energies for Power Supply
B&B Triplewall Containers Limited has announced the approval of an acquisition to secure its energy supply by taking an equity stake in a renewable energy company. The company's Board of Directors approved the acquisition of a 1.30% equity stake in M/s. KRV Renewable Energies Private Limited.This strategic move is rooted in the company's intent to enter into a Power Purchase Agreement (PPA) with KRV Renewable Energies Private Limited. The PPA aims to ensure a stable and reliable power source to meet B&B Triplewall Containers Limited's growing operational energy requirements.
KRV Renewable Energies Private Limited is a Small Company specializing in power generation through non-conventional energy sources, primarily focusing on solar power projects to meet captive power requirements. The primary objective of the transaction is for B&B Triplewall Containers Limited to procure electricity for its business operations at a competitive tariff, achieving cost savings compared to conventional grid power procurement. This acquisition is necessary to meet a mandatory contribution requirement mandated by Karnataka Power Transmission Corporation Limited (KPTCL) Rules.
Transaction and Target Details
The acquisition involves a cash consideration of Rs. 32,500/- (Rupees Thirty-Two Thousand Five Hundred only) for the 1.30% stake.The details regarding the target entity and the acquisition are summarized below:
| Aspect | Details |
|---|---|
| Target Company | M/s. KRV Renewable Energies Private Limited |
| Industry | Solar Power Generation |
| Stake Acquired | 1.30% equity stake |
| Nature of Consideration | Cash Consideration |
| Cost of Acquisition | Rs. 32,500/- |
| Incorporation Date | 02/06/2025 |
| Target Status | Small Company |
Target Company Background
KRV Renewable Energies Private Limited is a Private Company incorporated in India on June 2, 2025. The company is involved in the business of Solar Power Generation.The company’s turnover records, based on its recent incorporation, indicate:
| Period | Financial Year | Turnover |
|---|---|---|
| Last Three Years Turnover | N/A | Nil (Audited statements not yet available) |
| 1st Previous Year Turnover | 01/04/2025 to 31/03/2026 | 0 |
| 2nd Previous Year Turnover | 01/04/2024 to 31/03/2025 | 0 |
| 3rd Previous Year Turnover | 01/04/2023 to 31/03/2024 | 0 |
B&B Triplewall Containers Limited estimates the indicative time period for the completion of the acquisition to be 60 days.
BBTCL Stock Price Movement
On Friday, B&B Triplewall Containers Limited shares surged, closing at ₹225.41 after gaining 8.35% from the previous day’s close. The equity capitalized on strong momentum, hitting its 52-week high of ₹233, with the stock trading a total of 74,487 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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