GRP Limited completes investment in BECIS Solar 5, securing 26.43% stake for solar power procurement
GRP Limited has successfully completed its commitment regarding an investment in BECIS Solar 5 Private Limited to procure solar power. The company subscribed to and was allotted 2,60,48,649 equity shares of face value Rs. 1/- each of BECIS on a rights issue basis dated August 10, 2026.The total cost incurred by GRP Limited for the subscription and allotment amounted to Rs. 2.60 crore. With this strategic investment, which is described as a related party transaction executed on an arm's length basis, GRP Limited now holds a 26.43% stake in BECIS.
This investment allows GRP Limited to procure solar power at a preferential tariff for its manufacturing units based in Gujarat. This move aims to reduce overall energy costs and utilize environmentally friendly renewable green and sustainable energy sources.
BECIS Solar 5 Private Limited, incorporated on July 8, 2025, is currently setting up an 8 MW solar power project. The project is situated within the distribution area of Dakshin Gujarat Vij Company Limited and is designed to operate as a captive generating station, supplying power back to GRP Limited over a long term.
Key details regarding BECIS Solar 5 Private Limited and the investment are summarized below:
| Particulars | Detail |
|---|---|
| Target Entity | BECIS Solar 5 Private Limited (incorporated July 8, 2025) |
| Project Scope | Setting up an 8 MW solar power project in the Dakshin Gujarat Vij Company Limited area. |
| GRP Holding | GRP Limited holds 26.43% of BECIS paid-up share capital. |
| Investment Details | Cash consideration amounting to Rs. 2.60 crore for 2,60,48,649 equity shares. |
The operational status of BECIS Solar 5 Private Limited is detailed in the table below:
| Particulars (BECIS) | Status/Details |
|---|---|
| Authorized Share Capital | Rs. 10.46 Crores, divided into 10,46,00,000 equity shares of Rs.1 each. |
| Issued and Paid up Capital | Rs. 9.99 Crores, divided into 9,99,00,000 equity shares of Rs.1 each. |
| Turnover | NIL (BECIS was incorporated on July 8, 2025 and has not yet commenced operations). |
| Industry | Solar Power. |
The investment is a key component of GRP Limited’s strategy to ensure a stable and sustainable energy supply for its operations in Gujarat.
GRPLTD Stock Price Movement
On Wednesday, shares of GRP Limited gained momentum in the market, closing at ₹1976.7 after rallying 3.16% from the previous close. The stock traded within a volatile intraday range, hitting a low of ₹1920.3 and reaching a high of ₹1998.8 during the trading session.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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