Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights

MRF Acquires 26% Stake in Serentica Renewables for INR 99 Crore

MRF has announced the acquisition of a 26% stake in Serentica Renewables India 26 Pvt. Ltd., marking a significant move in its renewable energy strategy. The investment, valued at INR 99 crore, will be made through cash consideration.

As part of the agreement, MRF has also signed a power supply and consumption contract with Serentica Renewables under the Government’s captive power policy. This collaboration is aimed at strengthening MRF’s renewable energy sourcing and reducing its carbon footprint through group captive generation, in line with the company’s sustainability objectives.

Serentica Renewables India 26, incorporated in May 2025, is a developer focused on clean energy projects, including solar, wind, hydro, geothermal, and energy storage solutions. The company is currently in the pre-commercial phase and has not yet commenced operations.

The acquisition is expected to be completed by July 31, 2026. According to official filings, the deal does not require any government or regulatory approvals and is not considered a related-party transaction. This investment reflects MRF’s commitment to integrating renewable energy into its operations and aligns with the growing trend of corporates adopting sustainable energy solutions to meet long-term environmental targets.