Suprajit signs PPA and buys 26% stake in Amplus Green Power for captive solar use
SUPRAJIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.8 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Suprajit Engineering has signed a Power Purchase Agreement and acquired a minimum 26% equity stake (for Rs 38.4 lakhs, cash) in Amplus Green Power Pvt Ltd to source solar power as a captive consumer from a plant in Uttar Pradesh. The deal is not a related party transaction. It is expected to lower electricity costs at the company's UP manufacturing facilities and raise the share of renewable energy in its power use. Completion is targeted within 4 months.
Small investment, mainly to secure captive solar power and cut electricity costs. Marginally positive for sustainability profile.