Acquisition

JK Tyre & Industries has approved investing Rs. 1.31 Crore to acquire a minimum 26% equity stake in Roofsol Renewables Five Pvt. Ltd (RRFPL). This strategic move ensures captive power consumption compliance for its Laksar Tyre Plant in Uttarakhand.

RRFPL, a special purpose vehicle, was created specifically to set up this captive power plant.

This acquisition helps JK Tyre secure its power needs efficiently and meet electricity regulations for its plant operations.