Jain Resource Recycling Limited has informed the Exchange about Acquisition of Equity Shares in Captive Generating Plant Companies for Captive Use of Electricity
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Jain Resource Recycling has approved the acquisition of a 26% equity stake in three wind power companies — Sea Sindu Green Energy, Sri Kamakshi Wind Power, and OM Sakthi Wind Power — for a total cash consideration of about Rs. 74.09 lakhs. The acquisitions are being made solely to meet the 26% minimum ownership rule under the Electricity Rules, 2005, which allows the company to qualify as a captive user of electricity from these plants. All three target firms are small wind power generators based in India with existing operations and annual turnovers ranging from around Rs. 80 lakhs to Rs. 1.33 crore in FY25. The transactions are not related-party deals, require no government approvals, and are expected to close by March 31, 2026.
This is a small, low-cost strategic move aimed at securing captive, likely cheaper renewable power for the company's operations rather than driving growth or revenue. It is unlikely to have a meaningful impact on the stock price, but signals the company's focus on reducing long-term power costs and adopting clean energy.