Atul Limited — JV/Acquisition, 13-12-2025: Acquisition

Atul Ltd is acquiring a 26.30% stake in Torrent Urja 39 Pvt Ltd (TUPL) for ₹ 13.86 Cr. This strategic move aims to secure power supply by becoming a 'captive user' of TUPL's new hybrid (wind-solar) power plant in Gujarat. The acquisition ensures compliance with electricity laws and provides a stable, renewable energy source for Atul's operations. TUPL is an SPV with no current turnover, focused solely on setting up this captive project. This is a key step for long-term operational efficiency and green energy adoption.