27-Aug-2026 10:34:31
PRITIKA AUTO INDUSTRIES LTD : SIGNS 25-YEAR SOLAR POWER MOU, TARGETS RS 110 CR SAVINGS
• Pritika Group signs a 25-year solar power MOU with Spark Grid Private Limited for supply of solar power at a competitive rate. • The long-term solar power arrangement is expected to deliver cost efficiencies with estimated savings of approximately ₹110 crore over the 25-year tenure. • Pritika Engineering Components Limited and Meeta Castings Limited are expected to benefit with savings of approximately ₹70 crore. • A Special Purpose Vehicle (SPV) will be established for the solar power project, with Pritika Engineering Components Limited holding 26% equity. • The initiative aligns with the Group's focus on operational efficiency and renewable energy contribution. Impact: The long-term solar power arrangement marks an important step in our efforts to enhance energy efficiency and create sustainable cost advantages across the Group.
Pritika Auto Industries Limited
Open attachment