KEI Industries Limited (KEI) — Announcement Announcement
📢 Key Event
KEI acquires 26% stake in Solarcraft Power India 24 Private Limited
🔄 What Changed
26% equity and CCD stake acquired in Solarcraft Power India 24 Private Limited
🔮 What's Next
Transaction expected to close within 90 days
💡 Investor Takeaway
This acquisition strengthens KEI's renewable energy supply chain and supports its sustainability commitments.
KEI Industries announced on May 20, 2026 that it will invest Rs. 5.90 Crores to acquire a 26% stake in Solarcraft Power India 24 Private Limited, a special purpose vehicle developing a captive solar power project in Rajasthan with up to 11.25 MW capacity. The investment supports KEI's renewable energy sourcing strategy and is expected to close within 90 days pending customary conditions.
📄 View Original Announcement (PDF)
About KEI Industries Limited (KEI)
Capital Goods · Industrial Products · Listed on NSE
Market Cap: ₹48,923.6 Cr
P/E: 72.7
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.