Ratan Green Projects One Private Limited (RGPOPL) shall be supplying solar power to Shree Krishna Paper Mills & Industries.
Apr 16, 2026
Shree Krishna Paper Mills & Industries has entered into a Power Purchase Agreement with Ratan Green Projects One Private Limited (RGPOPL) whereby RGPOPL as renewable power producer shall be supplying solar power to the company as a captive user.
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In order to comply with the captive requirements, the captive shareholders are required to hold not less than 26% of the share capital of Ratan Green Projects One Private Limited and consume the solar energy generated from the project in accordance with the applicable captive requirements.
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Shree Krishna Paper Mills & Industries agreed to subscribe 26.5% of the equity share capital of RGPOPL in two tranches and total equity subscription amount would be INR 310 lakh. At the first tranche, the amount will be INR 93 lakhs and at the second tranche, the amount will be INR 217 lakhs. The company is also in the process of entering into share subscription and shareholders’ agreement.
