announced on Wednesday its planned acquisition of 1,857,223 equity shares in Clean Renewable Energy KK 1A Private Limited for ₹51.9 crore, representing an 8.64 per cent stake in the renewable energy company.
The acquisition is part of the manufacturer’s strategy to source power through captive renewable energy sources under the group captive scheme established by the Electricity Act, 2003. The transaction will be executed through share subscription and shareholders agreements with Clean Renewable, a special purpose vehicle of Hero Rooftop Energy Private Limited.
KK 1A Private Limited was incorporated in September 2023 and is engaged in electricity generation. The company, registered in New Delhi, has not generated any revenue in the financial years 2023-24 and 2024-25. The acquisition does not constitute a related party transaction, with no promoter or group company interest in the target entity.
The investment is subject to completion of condition precedents outlined in definitive documents, with no governmental or regulatory approvals required. Kalyani Steels will issue a separate notification once the investment is finalized. The company disclosed the information to stock exchanges in compliance with SEBI listing regulations on December 25, 2025.
The transaction underscores the growing trend among industrial companies to secure renewable energy supplies through direct investments in power generation assets.
The were trading at ₹742.50 up by ₹3.75 or 0.51 per cent on the today at 10.35 pm.