Navin Fluorine Subsidiary Invests in Power SPV for Strategic Energy Security at Dahej Unit
Navin Fluorine Advanced Sciences Limited (NFASL), a Wholly Owned Subsidiary of Navin Fluorine International Limited, has entered into agreements with Pro-Zeal Green Power Twenty Private Limited (SPV) and Prozeal Green Power Private Limited (PGPPL). The agreements facilitate the supply and investment for hybrid power generation at NFASL's Dahej Unit.The arrangements include a Power Supply and Offtake Agreement with the SPV, providing a 15-year lock-in for supplying 5MW of hybrid power to the unit. Simultaneously, NFASL has committed to an investment in the SPV alongside PGPPL.
The total planned investment by NFASL does not exceed ₹5.50 crores, which will be provided through Equity Shares and Compulsorily Convertible Debentures in the SPV. The remaining 74% of the balance investment is slated to be made by PGPPL.
This strategic partnership aims to achieve significant savings on power costs while advancing the Group's sustainability initiatives at its Dahej facility. The SPV itself was established specifically for setting up a hybrid power plant in Gujarat.
Key details regarding the transaction and the target entity are summarized below:
| Particular | Details |
|---|---|
| Target Entity Name | Pro-Zeal Green Power Twenty Private Limited (SPV) |
| Industry Sector | Generation and transmission of wind and solar power for captive consumption |
| NFASL Shareholding | 26% |
| PGPPL Shareholding | 74% |
| Total Investment Cost | Not exceeding ₹5.50 crores |
| Financing Instruments | Equity Shares and Compulsorily Convertible Debentures |
The transaction is noted as not being a related party transaction, and no interest of the promoter or promoter group has been established in the SPV. The SPV was incorporated on December 18, 2025, and will be involved in setting up a captive wind and solar power generation plant in Gujarat.
The project is expected to reach completion within a 12-month timeframe, with the consideration being structured as cash investment.
NAVINFLUOR Stock Price Movement
Shares of Navin Fluorine International Limited slipped by 0.78% to settle today at ₹7032.5. The company's equity saw a total traded volume of 68,758 shares during the 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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