Shree Krishna Paper Mills to Invest in Renewable Power Projects, Acquiring 26.5% Stake
Shree Krishna Paper Mills & Industries Ltd (SKPMIL) has announced plans to invest in Ratan Green Projects One Private Limited (RGPOPL) through a Share Subscription and Shareholders' Agreement. The investment, totaling Rs 310.00 lakh, will secure 26.5% of RGPOPL's equity share capital.The agreement, executed on April 27, 2026, positions SKPMIL as a key shareholder in RGPOPL, a company focused on renewable power generation. This investment aligns with SKPMIL’s long-term requirement to meet Captive Requirements under electricity laws.
Strategic Investment Rationale
The investment is linked to a Power Purchase Agreement (PPA) signed by SKPMIL with RGPOPL on April 15, 2026. This agreement concerns the purchase of power from a Solar Power Project facility located at Jadri, Bali, Pali, Rajasthan. The facility has a total installed capacity of 8.5 MW AC / 12 MWp DC, which RGPOPL plans to install and operate.The structured acquisition is necessary to ensure that the Captive Shareholder, along with other captive shareholders, holds at least 26% of the share capital of RGPOPL while consuming the generated solar energy.
Financial Details and Timeline
The total investment amount of Rs 310.00 lakh will be structured into two tranches, utilizing cash consideration. The first tranche is scheduled within 30 days of the agreement's execution date, followed by the second tranche 30 days prior to the anticipated Commercial date of operation for the solar plant.The following table provides a detailed overview of the acquisition structure and the project involved:
| Feature | Detail |
|---|---|
| Target Entity | Ratan Green Projects One Private Limited (RGPOPL) |
| Sector | Renewable Power Producer |
| Investment Amount | Rs 310.00 lakh (Cash Consideration) |
| Stake Acquired | 26.5% of Equity Share Capital |
| First Tranche Amount | Rs. 93.00 Lakhs |
| Second Tranche Amount | Rs. 217.00 lakhs |
| Solar Project Capacity | 8.5 MW AC / 12 MWp DC |
| Project Location | Jadri, Bali, Pali, Rajasthan |
According to the details provided, RGPOPL was incorporated on December 11, 2025, and is currently setting up the solar power facility as a captive generation station.
Stock Price Movement
Shree Krishna Paper Mills & Industries Ltd. shares settled at ₹109.57 on Monday, posting a strong gain of 4.99%. Throughout the session, the shares traded within a tight range, moving between a low of ₹109.49 and a high of ₹109.57.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.