JK Tyre to Procure Captive Solar Power from Oriana Power and Fourth Partner Energy
JK Tyre and Industries will invest a total of INR 6.57 crore to pick up 26 percent stakes in SPVs of Oriana Power and Fourth Partner Energy to procure solar power under the captive mode.
March 07, 2026. By Mrinmoy Dey
While the company will invest INR 1.53 crore to pick up 26 percent stake in FPEL Burning Bright, a SPV of Fourth Partner Energy, it will invest INR 5.04 crore for acquiring a 26 percent equity shares of Sunpulse Power, a SPV of Oriana Power, JK Tyre stated in a regulatory filing.
It further added that the acquisitions will be completed within 90 days.
In July 2025, JK Tyre and Industries announced that it will source power from a 5 MWp captive solar project developed by STTY RE over 25 years, investing INR 1.22 crore for a 26 percent stake to comply with captive power norms.
The company, in its Annual Report for FY2024-25, has mentioned that about 53 percent of energy consumption was fulfilled using renewable sources. In total, the company consumed about 10.27 lakh GJ of renewable energy in FY25.
In FY25, the company commissioned a 6 MW solar power plant at its Laksar facility in Uttarakhand. It also established India’s first solar-powered Retread Centre in Aurangabad, Maharashtra.
The company has set a goal to reduce carbon emission intensity by 50 percent by 2030 and achieve net-zero emissions by 2050. JK Tyre has also recently joined the RE100 initiative, committing to 100 percent renewable electricity by 2050
please contact: contact@energetica-india.net.
Hartek Singh
CMD
Energy Security Has Evolved into a Strategic Imperative for India: Hartek Singh
Ratul Puri
Chairman
Geopolitics Reshaping Solar Strategy, Says Hindustan Power's Chairman Ratul Puri
Bhavesh Patidar
Founder and Director
Solar Shifts Farming from Constraint to Opportunity, Says Solarsure’s Bhavesh Patidar
Pankaj Tyagi
VP - Solar and Storage
Solar Plus Storage Is Key to India’s Clean Energy Future: BluPine’s Pankaj Tyagi
Ravi Rao
Founder and MD
We Aim to Build 5 GW Capacity Across the Entire Solar Value Chain, Says Future Solar's Ravi Rao