Meeting of Board of Directors of the Company was held today whereby the Company has entered into a Power Purchase Agreement dated 15 April, 2026 with M/S Ratan Green Projects One Private ....
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The Board of Directors of Shree Krishna Paper Mills & Industries Ltd met and approved entering into a Power Purchase Agreement (PPA) dated 15 April 2026 with Ratan Green Projects One Private Limited. This agreement will enable the company to procure renewable energy for its operations. PPAs are long-term contracts that typically lock in energy prices for 10-25 years, providing cost predictability and reducing exposure to grid electricity price volatility. The specific capacity, duration, and financial terms of the agreement have not been disclosed in this filing.
This agreement represents a positive operational development as it secures long-term energy supply at predictable rates, potentially reducing operating costs over time. It also signals the company's commitment to renewable energy sourcing, which may appeal to ESG-focused investors.