Kalyani Steels has announced a ₹5.19 crore cash investment to acquire 1,857,223 equity shares representing 8.64% of Clean Renewable Energy KK 1A Private Limited's paid-up equity share capital. According to reports from BSE India, the company executed Share Subscription and Shareholders Agreements under a Pre-Existing Power Purchase Agreement (PPA), with the transaction subject to satisfaction of contractual conditions precedent.
The acquisition enables Kalyani Steels to source power from captive renewable energy generation through group captive mechanism as permitted under the Electricity Act, 2003 and applicable regulations. As reported by NSE India, the equity participation satisfies minimum ownership requirements, entitling the company to draw power under group captive arrangements where consumer entities must maintain ownership stakes in power producers. The company confirmed this is not a related party transaction and requires no governmental or regulatory consents.
Following the disclosure on December 26, 2025, Kalyani Steels shares closed at ₹726.00, down ₹12.75 or 1.73% on the NSE. According to NSE data, the stock opened at ₹740.00, touched an intraday high of ₹748.00 and low of ₹724.00. The company's market capitalisation stood at ₹3.17 thousand crore with a P/E ratio of 12.15, while the 52-week high was ₹1,218.30 and 52-week low was ₹666.50.
Clean Renewable Energy KK 1A Private Limited was incorporated on September 21, 2023 and operates in power production and sales. As reported in BSE filings, the Delhi-registered company has no income for FY 2023-24 and FY 2024-25 as it remains in pre-operation status with no overseas operations. The SPV structure focuses specifically on renewable energy generation for captive consumption by group entities.
