Tuticorin Alkali Chemicals And Fertilizers Ltd — Important, 14-05-2026: Company Update

Tuticorin Alkali Chemicals and Fertilizers Limited (TFL) has agreed to partially reduce its stake in three green power entities: Green Infra Renewable Energy Generation Private Limited, Green Infra Renewable Energy Projects Limited, and Green Infra Wind Energy Generation Limited. This divestment aims to comply with captive power consumption rules. TFL is transferring 22,27,026 shares, 25,47,901 shares, and 25,94,564 shares respectively to Greenstar Fertilizers Limited, a company promoter. This related-party transaction, conducted at arm's length, yields TFL a total consideration of approximately Rs 7.37 Cr. Post-dilution, TFL will retain significant holdings in these green power ventures.