Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, We would like to inform you that the Company has entered and signed the Power Purchase Agreements ( PPA ) with KGK Greens Private Limited on 29.04.2026.
MODTHREAD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Modern Threads (India) Limited has signed a 25-year Power Purchase Agreement (PPA) with KGK Greens Private Limited on April 29, 2026. The agreement is for procurement of 5 MW (DC) capacity solar power at Palli site in Phalodi, Rajasthan. This is a domestic transaction with no related party involvement. The company has confirmed that neither promoters nor group companies have any interest in KGK Greens. This long-term renewable energy deal will help the company secure electricity supply for its manufacturing operations.
Positive for shareholders as the 25-year PPA provides long-term energy cost stability and supports the company's sustainability initiatives. However, the impact on financials cannot be assessed without knowing the deal value relative to company revenue.