Primo Chemicals Ltd — Important, 16-01-2026: Company Update

Primo Chemicals' board has approved an investment of Rs. 21 crore for a 26% equity stake in a new Special Purpose Vehicle (SPV). This SPV will own and operate a 50 MW solar power plant under a captive model, aiming to supply power to Primo Chemicals. This strategic investment is expected to generate significant cost savings for the company, estimated at up to Rs. 24 crore annually once the plant is commissioned. This move underscores the company's focus on operational efficiency and sustainable energy sources.