Announced Tue, 25 Aug, 2026 · 23:56 IST
SPR Auto invests Rs 6 cr in Sunsure Solarpark for captive solar project
SHRIPISTON · price
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹4641.00
prior close
₹4692.00
base price
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AI summary
SPR Auto Technologies will invest up to Rs 6 crore by subscribing to about 23.21 percent equity in Sunsure Solarpark Forty, a Sunsure Energy subsidiary. Funds will support a group captive solar power project. A Power Purchase Agreement was also signed to supply solar power to SPR's Pathredi, Rajasthan facility. First tranche of Rs 0.90 cr within 30 days, second tranche of Rs 5.10 cr later. Sunsure Solarpark is not yet operational.
Likely market impact
Strategic move to meet green energy needs, cut power costs, and comply with captive power rules at the Rajasthan plant. Small investment, limited financial impact.