Grasim Industries has approved the acquisition of a 26% equity stake in Ampin C&I Power Thirty Private Limited, a special purpose vehicle (SPV) formed for renewable energy supply under the group captive model. The investment is aimed at meeting the company’s green energy requirements at its Harihar facility in Karnataka while supporting regulatory compliance and energy cost optimisation.
The company informed stock exchanges that its board of directors approved the acquisition during a meeting held on May 20, 2026.
The proposed investment involves acquiring a 26% stake in Ampin C&I Power Thirty Private Limited, an SPV established for supplying renewable hybrid energy under the group captive scheme.
The transaction was disclosed under Regulation 30 of the SEBI Listing Regulations.
According to the company, the investment is intended to help meet its renewable energy requirements and support captive power consumption obligations under electricity regulations.
The company also stated that the arrangement is expected to assist in optimising energy costs while increasing the use of green power across operations.
The renewable energy generated by the SPV will support Grasim’s facility located in Harihar, Karnataka.
The SPV has been incorporated for the development of a captive wind-solar hybrid power generation project.
The planned facility will include a solar generation capacity of 37.95 MWp DC / 25.30 MW AC along with a wind generation capacity of 27 MW AC.
Ampin C&I Power Thirty Private Limited was incorporated on July 23, 2025, and is registered in New Delhi.
Grasim Industries said the proposed investment could amount to up to ₹30.60 crore and may be completed in one or more tranches.
The acquisition will be executed through cash consideration.
The company expects the transaction to be completed within 180 days from the execution of agreements including the Energy Supply Agreement, Share Subscription Agreement and Shareholders’ Agreement.
The company clarified that the acquisition does not qualify as a related party transaction and that promoter or promoter group entities do not hold any interest in the SPV.
It also stated that no separate governmental or regulatory approvals are required for completing the transaction.
Shares of Grasim Industries were trading at ₹2,959.60 on May 20, 2026, at 2:45 PM IST, compared to the previous close of ₹2,935.20. The stock gained ₹24.40, or 0.83%, during the trading session.
Grasim Industries’ planned investment in the renewable energy SPV reflects its focus on captive green power sourcing and energy cost management. The acquisition is expected to support the company’s renewable energy consumption strategy while aligning with regulatory requirements related to captive power usage.
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Published on: May 20, 2026, 3:43 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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