Tamilnadu PetroProducts Limited — JV/Acquisition, 06-02-2026: Acquisition

Tamilnadu Petroproducts (TNPETRO) is acquiring up to a 26% equity stake in Navia Three Power Private Limited (NTPPL) for ₹7.33 Cr. This strategic investment aims to procure approximately 19.8 MWp of solar power. By becoming a Captive User under the Electricity Act, TNPETRO will significantly optimize its power costs. This move enhances operational efficiency and secures a vital energy source from NTPPL, which is developing wind-solar generation facilities in Tamilnadu.