Jindal Stainless adds ~7% stake in Ampin solar captive power SPV
- Mergers & acquisitions
- Steel And Steel Products
Jindal Stainless (NSE: JSL) acquired an additional stake of about 7% in Ampin C&I Three Private Limited, a special purpose vehicle developing a 40 MW solar group captive renewable energy project, it said in a filing on 28 Oct 2026. The company's aggregate stake is 24.21% as on date, and the cash cost of this step is ₹5.08 crore.
A 40 MW solar project for the company's own plants
Ampin was incorporated on 22 Nov 2021 with its registered office in Delhi, and the filing describes it as a special purpose vehicle formed with Ampin C&I Private Limited. The project is an intra-state solar group captive renewable energy project meant to meet the power requirements of the company's plant(s).
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