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Varun Beverages Invests ₹4.10 Crore in Solar Power for UP Plants
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CNBC TV18•07-10-2026, 17:36
Varun Beverages Invests ₹4.10 Crore in Solar Power for UP Plants
- •Varun Beverages will invest up to ₹4.10 crore in Jager Renewables to secure solar power for its facilities in Uttar Pradesh.
- •The company will acquire up to 26% equity share capital in Jager Renewables through one or more tranches.
- •The investment aims to reduce electricity costs and provide eco-friendly energy for plants in Gorakhpur and Prayagraj.
- •The transaction complies with the group captive model prescribed under the Electricity Act of 2003.
- •Jager Renewables has not yet started operations, and the transaction is expected to be completed by October 2027.
Key Questions Answered
Varun Beverages is investing up to ₹4.10 crore to acquire up to a 26% equity stake in Jager Renewables through one or more tranches.
The solar power is intended for captive consumption at Varun Beverages' existing facilities in Gorakhpur and Prayagraj, as well as any new facilities the company might establish in Uttar Pradesh.
Varun Beverages is required to make the investment under the group captive model prescribed by the Electricity Act, 2003, to secure captive solar energy.
