Tyres To Terawatts: MRF Deepens Green Commitment With Serentica Stake And Power Pact

Image Source : BIS Infotech

MRF Ltd has signed a clean energy supply agreement and invested ₹990 million for a 26% stake in Serentica Renewables India. The dual move supports MRF’s decarbonisation goals and secures long-term access to hybrid renewable power. It marks a strategic shift toward sustainable manufacturing and active participation in India’s green energy future.

MRF Ltd, India’s largest tyre manufacturer, has taken a decisive step toward sustainable industrial transformation by entering a dual agreement with Serentica Renewables. The move includes a long-term clean energy procurement deal and a strategic investment of ₹990 million to acquire up to 26% equity in Serentica Renewables India.

Agreement Highlights

- MRF will source renewable power from Serentica’s hybrid solar-wind-storage projects under the open access model

- The energy will be routed to MRF’s manufacturing units in Tamil Nadu and Andhra Pradesh, supporting energy-intensive operations like curing and extrusion

- The equity investment gives MRF a minority stake in Serentica’s India operations, aligning financial interest with its decarbonisation goals

- Serentica aims to build 6.5 GW of renewable capacity by 2027, offering firm and dispatchable green energy to industrial clients

- The partnership includes potential collaboration on battery energy storage systems and carbon offset initiatives

Strategic Context

- MRF’s dual engagement reflects a shift from passive energy sourcing to active participation in the green energy ecosystem

- The investment supports India’s broader push for industrial decarbonisation and aligns with regulatory mandates under the Renewable Energy Implementation Agency (REIA)

- Serentica has existing agreements with NTPC, SECI, NHPC, and SJVN, reinforcing its credibility as a clean energy provider

Operational Impact

- The renewable supply will reduce MRF’s Scope 2 emissions and improve its ESG profile

- Long-term cost savings are expected through stable energy pricing and reduced dependence on fossil fuels

- The equity stake may offer MRF strategic influence over future energy projects and technology integration

Outlook

- MRF joins a growing list of Indian manufacturers investing directly in renewable ventures to secure reliable and sustainable energy

- Serentica’s model of firm renewable supply is gaining traction among industrial clients seeking both reliability and sustainability

- Analysts view the deal as a blueprint for future industrial partnerships in India’s transition to a low-carbon economy

Sources: Economic Times Manufacturing, ICRA Ratings, Statkraft Press Room, Serentica Renewables Statement

Stay Ahead – Explore Now! NCLT Approves Merger of Inox Wind Energy with Inox Wind, Paving Way for Streamlined Operations

STORIES YOU MAY LIKE

Image Source : UnlistedZone

DSM Fresh Foods’ Red-Hot Entry on BSE SME Signals Growth Bonanza

Image Source : Reuters

Delta Takes Flight on Rising Fares and Robust Travel Demand Recovery

Image Source : TICE News

India-UK Trade Deal Ignites £1.3 Billion Investment Surge and Job Creation

Image Source : Business Today

TCS Secures $72.8 Million Deal for Midco, Unveils AI-Powered Sovereign Data Centers in India

Image Source : India TV News

Visakhapatnam Wet Outfield Can't Dampen Excitement as South Africa Wins Toss, Bats Await India

Image Source : YouTube

Big Boost Ahead? Star Cement’s Board Set to Decide on Strategic Fundraising

Image Source : SQuaD

Quantum Leap: STL and QNu Labs Join Forces to Secure India’s Optical Future

Top Searches

Suggestions

Tyres To Terawatts: MRF Deepens Green Commitment With Serentica Stake And Power Pact

STORIES YOU MAY LIKE

Live Blogs

Top Stories

Tyres To Terawatts: MRF Deepens Green Commitment With Serentica Stake And Power Pact

STORIES YOU MAY LIKE

Subscribe to receive the day's headlines from WOWNEWS 24X7 straight in your inbox

Live Blogs

Top Stories