Primo Chemicals Invests ₹21 Crore in 50MW Solar SPV

Primo Chemicals discloses investment of ₹21 crore for a 26% stake in newly incorporated SPV TPCS Private Limited for a 50 MW solar power plant.
The captive solar plant is expected to generate annual cost savings of up to ₹24 crore for the company upon commissioning.
Transaction is pending execution of Power Purchase Agreement and Share Subscription agreements, with necessary regulatory applications initiated.
Board approved the term sheet and incorporation structure on May 5, 2026, following initial disclosure made on January 16, 2026.