Shah Metacorp Enters Green Energy Space With Strategic Stake In Strike Eco Grid

Nikunj Parikh - Mumbai Bureau May 25, 2026 1,750 Views

Shah Metacorp Limited has signed a strategic agreement to acquire an initial 26% equity stake in Strike Eco Grid Private Limited, marking its formal entry into the renewable energy and sustainable infrastructure space, with plans to scale the stake up to 75% over time and invest up to Rs 25 crore in clean energy projects.

The Ahmedabad-based stainless steel and mild steel long products manufacturer is looking to diversify beyond its core metals business into high-growth solar power, open access power, and ESG-linked opportunities through this association. The move aligns with India’s expanding renewable energy ecosystem and Shah Metacorp’s own ambition to build a long-term clean energy platform.

Strategic Investment And Structure

Under the proposed transaction, Shah Metacorp will initially acquire up to 26% in Strike Eco Grid, subject to due diligence, regulatory approvals and definitive documentation. The company may raise its shareholding to as much as 75% in phases, linked to business performance and project milestones.

Renewable Energy Growth Platform

The partnership will focus on solar EPC, captive and open-access power projects, renewable infrastructure and ESG-related businesses, supported by up to Rs 25 crore in funding from Shah Metacorp. Both partners will jointly explore opportunities in solar parks, carbon credit advisory, sustainability consulting, energy storage and green hydrogen, including government, institutional and international markets.

Business Momentum At Shah Metacorp

The association comes as Shah Metacorp continues to strengthen its core operations, having reported around Rs 149 crore in revenue and Rs 4 crore PAT in Q3 FY26, with Q4 FY26 results expected soon. The company remains focused on manufacturing excellence, export growth and building a diversified, long-term business portfolio.

Key Highlights

26% initial equity stake in Strike Eco Grid, with scope to increase up to 75 percent in phases
Up to Rs 25 crore funding support planned for solar EPC and renewable infrastructure projects
Focus on solar power, captive and open access projects, ESG and sustainability solutions
Future avenues include energy storage, carbon credits, and green hydrogen businesses
Q3 FY26 revenue at around Rs 149 crore and PAT at Rs 4 crore, with Q4 FY26 performance awaited