B&B Triplewall Acquires 27% Stake in Sharvesh Power for Rs. 13.5 Lakh
Filing Summary
B&B Triplewall Containers Ltd has announced the acquisition of a 27% equity stake in M/s. Sharvesh Power Projects Private Limited. The acquisition, valued at Rs. 13,50,000, is part of a Power Purchase Agreement aimed at securing a stable power supply for B&B Triplewall’s operations. The transaction is expected to be completed within 60 days and involves a cash consideration. Sharvesh Power Projects, a solar power generation company, reported a turnover of Rs. 98 Lakhs. This strategic move aligns with B&B Triplewall’s objective to reduce energy costs.
B&B Triplewall Containers Ltd has disclosed the acquisition of a 27% equity stake in M/s. Sharvesh Power Projects Private Limited. This acquisition is part of a Power Purchase Agreement approved by the Board of Directors during a meeting held on November 14, 2025. The agreement is designed to ensure a stable and reliable power supply for the company’s operations.
The financial terms of the acquisition involve a cash consideration of Rs. 13,50,000. The acquisition is structured to meet the requirements set by the Tamil Nadu Electricity Board, which necessitates a capital contribution in the electricity-generating company from which B&B Triplewall intends to procure electricity. The transaction is expected to be finalized within a 60-day period.
The scope of the agreement includes the procurement of electricity generated through solar energy by Sharvesh Power Projects. The primary objective is to secure energy at a cost lower than that offered by the Tamil Nadu Electric Board. Sharvesh Power Projects is engaged in solar power generation and has set up a solar energy farm to meet the captive power requirements of its equity shareholders.
Sharvesh Power Projects Private Limited, incorporated in India on August 22, 2023, is a private company with its registered office in Namakkal, Tamil Nadu. The company reported a turnover of Rs. 98 Lakhs for the financial year ending March 31, 2025. The company did not report any turnover for the previous two financial years, indicating its recent entry into the solar power generation market.
The acquisition process is expected to be completed within 60 days from the date of the board meeting. The transaction involves no related party transactions, and the promoter or promoter group of B&B Triplewall Containers Ltd has no interest in Sharvesh Power Projects.
Sharvesh Power Projects Private Limited focuses on generating electricity through solar energy. The company aims to provide a reliable source of renewable energy to its stakeholders, aligning with the growing demand for sustainable energy solutions.
B&B Triplewall Containers Ltd specializes in the manufacturing of corrugated boxes and packaging solutions. The company is focused on enhancing operational efficiency and reducing costs through strategic initiatives such as securing stable energy supplies. This acquisition aligns with its broader strategy to optimize resources and support its business operations effectively.