SPR Auto Technologies Limited, formerly known as Shriram Pistons & Rings Limited, has announced an equity investment of up to ₹6 crore in Sunsure Solarpark Forty Private Limited, a special-purpose vehicle (SPV) promoted by Sunsure Energy Private Limited.
The company made the disclosure under Regulation 30 of the SEBI Listing Regulations following the execution of a Share Subscription Agreement (SSA) and Shareholders’ Agreement (SHA) with the target entity on August 25, 2026. SPR Auto Technologies will acquire approximately 23.21% equity stake on a fully diluted basis through the investment.
Investment Details
Under the agreement, SPR Auto Technologies will invest up to ₹6 crore in two tranches. The first tranche of ₹90 lakh is expected to be invested on or before September 24, 2026, while the remaining ₹5.10 crore will be invested upon receipt of a subscription notice from Sunsure Solarpark.
Sunsure Solarpark Forty Private Limited is a wholly owned subsidiary of Sunsure Energy Private Limited. The SPV was incorporated on January 8, 2025, in Haryana and has not yet commenced commercial operations. Its current turnover is nil.
Solar Power Supply for Rajasthan Manufacturing Unit
The investment forms part of SPR Auto Technologies’ plans to establish a group captive solar power project under the Electricity Act, 2003.
Alongside the equity investment agreements, SPR Auto Technologies and Sunsure Solarpark executed a Power Purchase Agreement (PPA) on August 25, 2026. Under the agreement, solar power will be supplied to SPR Auto Technologies’ manufacturing facility in Pathredi, Rajasthan.
The project is intended to support the company’s renewable energy targets, reduce electricity costs and help meet regulatory requirements associated with captive power consumption.
Strategic Renewable Energy Investment
Through the proposed investment, SPR Auto Technologies will participate in the ownership of the solar SPV while securing renewable power for its manufacturing operations. The group captive structure is expected to enable the company to increase its use of solar energy while supporting its broader energy cost and sustainability objectives.
SPR Auto Technologies stated that the transaction does not constitute a related-party transaction, and the promoter group does not have any prior interest in the target entity.
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