INDIA —Prism Johnson Limited has formally approved an investment of up to INR 400 million in the equity and redeemable preference share capital of KUS Renewable Private Limited. Under the terms of the transaction, the company will acquire a minimum 26.5% stake in the target entity through cash consideration via standard banking channels, with completion targeted by October 31, 2027. KUS Renewable Private Limited is a special purpose vehicle established in September 2024 by Purvah Green Power Private Limited, a subsidiary of Calcutta Electric Supply Corporation Limited. Prism Johnson Limited is an Indian building materials manufacturer operating across cement, ready-mixed concrete, tiles, and bath products.
The target entity will construct and operate a 49.5 MW captive wind power project located at Tehsil Alot in Ratlam district, Madhya Pradesh. All electricity generated by the facility will be supplied exclusively to Prism Johnson's cement plant situated in Satna, Madhya Pradesh, under a proposed power purchase agreement. KUS Renewable Private Limited currently reports zero turnover as it has not yet commenced operational business activities, and the proposed share acquisition does not constitute a related party transaction.
Securing a dedicated captive renewable energy asset allows heavy industrial manufacturers to shield their operations from grid tariff volatility and regulatory policy shifts surrounding fossil fuel power. By integrating 49.5 MW of wind power directly into its manufacturing footprint, the company addresses the energy-intensive nature of cement clinker production while aligning with national decarbonization mandates and industrial clean energy targets in India.
Transitioning toward captive wind power significantly reduces operational manufacturing costs by lowering per-unit energy procurement expenses. Furthermore, substituting conventional thermal grid electricity with dedicated wind power accelerates the fulfillment of corporate Environmental, Social, and Governance criteria, improving carbon efficiency and resource optimization for institutional investors focused on sustainable industrial infrastructure.
