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Green Energy Gets a New Ally: Khaitan Chemicals Backs KRSKA Solar

Updated: July 23, 2025 18:43

Image Source : Indian Chemical News
Khaitan Chemicals and Fertilizers Ltd has approved the acquisition of a strategic stake in KRSKA Solar, marking its formal entry into the renewable energy sector. The move signals Khaitan’s intent to diversify beyond fertilizers and chemicals into sustainable infrastructure.
 
Key highlights:
 
- The acquisition will enable Khaitan to participate in solar power generation and green energy trading
 
- KRSKA Solar is engaged in distributed solar projects across Gujarat and Madhya Pradesh, with a focus on industrial and agri-commercial clients
 
- Khaitan aims to leverage its existing land assets and industrial presence to support captive solar installations
 
- The investment aligns with India’s 2030 clean energy roadmap and supports Khaitan’s ESG goals
 
- The Board has authorized due diligence and regulatory filings, with completion expected by Q3 FY26
 
Strategic context:
 
- This marks Khaitan’s first inorganic move into energy, complementing its core SSP and sulphuric acid operations
 
- Management views the solar pivot as a long-term value unlock for shareholders
 
Sources: Economic Times, Moneycontrol, Trendlyne, Khaitan Chemicals official filings, Business Standard

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