Jayaswal Neco executed a non-binding term sheet to invest ₹40.97 crore in Waaree Group SPVs for captive solar power.
The investment aims to supply 145.60 MWAC solar power to its Steel Plant and Iron Ore Mines in Chhattisgarh.
This is an informational disclosure as the investment falls below SEBI LODR Regulation 30 threshold limits.
The move supports ESG goals by securing green power and mitigating grid tariff volatility for operations.