Kothari Industrial Corporation Ltd — Important, 24-04-2026: Company Update

The company has signed a Memorandum of Understanding (MOU) with ABC Corp to explore a strategic partnership for renewable energy projects across India. This collaboration aims to leverage combined strengths in technology and market reach to accelerate project execution. The initial phase will focus on identifying potential sites and conducting feasibility studies for solar and wind power projects over the next year. This partnership is expected to significantly expand the company's renewable energy portfolio and market presence, potentially adding 500 MW of new capacity. Further details will be announced upon finalization of definitive agreements.