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JK Tyre Expands Energy Holdings Through Strategic Stakes in FPEL and Sunpulse Power
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JK Tyre Boosts Energy Portfolio with Strategic Stakes in FPEL, Sunpulse Power
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CNBC TV18
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05-03-2026, 22:28
JK Tyre Boosts Energy Portfolio with Strategic Stakes in FPEL, Sunpulse Power
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JK Tyre invests ₹1.53 Cr for 26% stake in Fourth Partner Energy Private Limited (FPEL) and ₹5.04 Cr for 26% stake in Sunpulse Power Limited (SPPL).
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These cash investments mark JK Tyre's entry into renewable and conventional power generation, diversifying its portfolio beyond automotive.
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FPEL, an SPV of Fourth Partner Energy, and SPPL, a subsidiary of Oriana Power Limited, are newly incorporated entities.
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The move aligns with sustainability goals and strengthens JK Tyre's energy solutions, leveraging emerging opportunities in India's power sector.
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JK Tyre aims to shape these ventures from inception, reflecting a broader trend of industrial players investing in power and renewables.
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