Saurashtra Cement Limited has announced a major new move on 28th September 2026. The company has entered into renewable power agreements to source green energy under Group Captive Wind-Solar Hybrid arrangement.
The announcement was made via disclosure under Regulation 30 of SEBI LODR and is also hosted on company's website. Filing was signed by Prakash Chand Jain, Chief Financial Officer.
At A Glance - Key Highlights
- Company: Saurashtra Cement Limited
- Announcement Date: September 28, 2026
- Deal: Power Consumption Agreement and Share Purchase & Shareholders' Agreement for renewable power
- Partner: Jamnagar Renewables Two Private Limited as Power Producer and Continuum Green Energy Limited as Promoter
- Capacity: Contracted capacity of 14 MW Wind-Solar Hybrid power
- Investment: Proposed equity investment of approximately Rs. 14.92 Crore for 1,49,22,600 equity shares
- Purpose: Long-term sourcing of renewable energy to meet power requirements and sustainability objectives
What Is The New Agreement?
Saurashtra Cement Limited today announced that on 28th September 2026, the company entered into (i) a Power Consumption Agreement with Jamnagar Renewables Two Private Limited ("Power Producer"), and (ii) a Share Purchase & Shareholders' Agreement with the Power Producer and Continuum Green Energy Limited ("Promoter"), to source renewable power under a Group Captive Wind-Solar Hybrid power arrangement.
Under this Group Captive arrangement, the company will source renewable energy to meet its power requirements while advancing sustainability objectives. The transaction does not fall within related party transactions.
Size And Investment Details
The size of the agreement involves contracted capacity of 14 MW Wind-Solar Hybrid power. Proposed shareholding investment involved is approximately Rs. 14.92 Crore through investment in Equity Shares of Power Producer.
The Captive User shall make an investment of Rs. 14.92 Crore by purchasing 1,49,22,600 no. of equity shares of Rs. 10/- each of Jamnagar Renewables Two Private Limited.
Key Terms Of The Agreement
Significant terms of the agreement as disclosed:
- Tenure - 25 years from actual commencement date
- Lock-in period of 7 years
- Group Captive compliance under Electricity Rules, 2005
- Value not quantified at this stage; depends on actual energy consumption and tariffs over tenure
- Agreement subject to receipt of applicable statutory approvals
Date of execution of the agreement is 28-09-2026. Tenure up to 25 years with lock-in of 7 years.
Purpose Of The Agreement
The purpose of entering into the agreement is long-term sourcing of renewable energy under a Group Captive Wind-Solar Hybrid arrangement to meet the company's power requirements and sustainability objectives.
Group Captive Model: Enables long-term renewable sourcing with equity participation.
Sustainability Push: Supports green energy transition for cement manufacturing operations.
Long Term Security: 25 years tenure ensures stable power sourcing with 7 years lock-in.
About Saurashtra Cement
Saurashtra Cement Limited is engaged in cement manufacturing and markets under Hathi Cement brand. The company is part of Mehta Group and has been working towards sustainable operations including renewable energy adoption for its power needs.
Filing Details In Table
| Point | Details |
|---|---|
| Company Name | Saurashtra Cement Limited |
| Agreement Title | Power Consumption Agreement and Share Purchase & Shareholders' Agreement for Group Captive Wind-Solar Hybrid |
| Date | September 28, 2026 |
| Capacity | 14 MW Wind-Solar Hybrid |
| Investment | Rs. 14.92 Crore for 1,49,22,600 shares of Rs. 10 each |
| Tenure | 25 years from actual commencement, 7 years lock-in |
Conclusion
In short, Saurashtra Cement on Sept 28, 2026 entered into Group Captive Wind-Solar Hybrid agreements for 14 MW renewable power with Rs. 14.92 Crore equity investment. With 25 years tenure and 7 years lock-in, company aims to meet power requirements and sustainability objectives through long-term green energy sourcing.