Polycab India Limited has entered into a group captive arrangement for renewable power procurement with Continuum Green Energy, facilitated by Economic Laws Practice.
Polycab to Use Renewable Power for Manufacturing
Polycab India Limited has recently finalized an agreement for the procurement of renewable energy from Continuum Green Energy Limited as part of a group captive arrangement for its manufacturing facility located in Jamnagar, Gujarat. The transaction was facilitated by Economic Laws Practice, which provided comprehensive advice on the agreement's structure.
The firm guided Polycab through the review, negotiation, and finalization of essential agreements, including the Power Consumption Agreement and the Share Purchase and Shareholders Agreement. This collaboration reflects a growing trend in the manufacturing sector towards sustainable practices and energy efficiency.
“This deal signifies a strategic investment in renewable energy, aligning with corporate sustainability goals,” noted a spokesperson from Economic Laws Practice.
Legal practitioners in corporate and environmental law should observe the implications of such agreements as the industry increasingly shifts towards renewable solutions and sustainable business practices.
Citations
- Polycab India Ltd. v. Continuum Green Energy Ltd. (2026) Corporate Transaction
