JK Tyre & Industries has approved an investment of ₹5.04 crore to acquire at least a 26% equity stake in Sunpulse Power Private Limited, a solar power generation company promoted by Oriana Power Limited. The decision was approved during the company’s board meeting held on March 5, 2026.

The investment will be made in cash and the transaction is expected to be completed within 90 days. According to the company, the acquisition does not require any regulatory or governmental approvals.

Sunpulse Power Private Limited, incorporated on July 27, 2025 and headquartered in New Delhi, operates in the renewable energy sector with a focus on solar power generation. JK Tyre’s proposed investment will allow the company to procure renewable electricity through a captive power arrangement.

Under India’s captive power regulations, companies are required to hold a minimum 26% equity stake in a power generation entity to qualify as a captive user. By securing this stake in Sunpulse Power, JK Tyre aims to source solar power for its operations while complying with the regulatory framework governing captive energy consumption.

The move also aligns with JK Tyre’s broader strategy to increase the share of renewable energy in its operations and support sustainability goals by reducing reliance on conventional grid power.