Vardhman Textiles Boosts Solar Play with ₹50.5 Cr Infusion in Sone Solar

Vardhman Textiles Ltd, a leading yarn and fabric manufacturer, deepened its commitment to renewables with a fresh ₹50.5 million investment in Sone Solar Energy One. The move aligns with the firm's pivot towards sustainable ventures, leveraging its financial strength for green growth.

Strategic Insights

Enhances stake in Sone Solar, focusing on solar power generation and EPC services for utility-scale projects.

Supports India's 500 GW renewable target by 2030, tapping subsidies and PLI schemes for solar manufacturing.

Complements Vardhman's prior green investments, improving ESG profile and long-term revenue streams.

This infusion signals confidence in solar's high-growth trajectory, with Vardhman's shares reflecting optimism on diversified earnings potential.

Sources: BSE India, Moneycontrol