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JK Tyre Plans Investment to Source Captive Solar Power from Oriana Power and Fourth Partner Energy

JK Tyre and Industries has decided to procure solar energy through the captive route by partnering with Oriana Power and Fourth Partner Energy. The company’s Board of Directors has approved a total investment of Rs 6.57 crore to acquire stakes in special purpose vehicles (SPVs) linked to these renewable energy providers.

As part of the plan, JK Tyre will invest Rs 1.53 crore to acquire a 26 percent stake in FPEL Burning Bright, an SPV operated by Fourth Partner Energy. In addition, the company will allocate Rs 5.04 crore to purchase 26 percent equity in Sunpulse Power, which is an SPV promoted by Oriana Power. According to the company’s regulatory filing, these transactions are expected to be finalized within 90 days.

The company has been steadily increasing its reliance on renewable energy. In July 2025, JK Tyre revealed plans to obtain electricity from a 5 MWp captive solar project developed by STTY RE for a period of 25 years, investing Rs 1.22 crore to secure a 26 percent stake and meet captive power requirements.

In its FY2024–25 annual report, JK Tyre highlighted that around 53 percent of its total energy consumption came from renewable sources. During FY25, the company used approximately 10.27 lakh gigajoules of renewable energy.

To strengthen its green energy efforts, JK Tyre commissioned a 6 MW solar power plant at its Laksar facility in Uttarakhand during FY25. The company also launched India’s first solar-powered Retread Centre in Aurangabad, Maharashtra.

Looking ahead, JK Tyre aims to cut carbon emission intensity by 50 percent by 2030 and reach net-zero emissions by 2050. The company has also joined the RE100 initiative, committing to transition to 100 percent renewable electricity by 2050.