Mumbai: Linde India Limited has completed its planned ₹105 crore investment in Zenataris Renewable Energy Private Limited, reinforcing its commitment to sourcing renewable power for its operations under a captive power mechanism.
According to a regulatory filing dated July 14, 2026, the company invested ₹69.91 crore as the final tranche in the Special Purpose Vehicle (SPV), taking its total planned investment in the renewable energy project to ₹105 crore.
Final Tranche Completed
The filing states that Linde India invested ₹69,90,99,984 on July 13, 2026, through the subscription of equity shares in Zenataris Renewable Energy Private Limited.
Following the investment, the company was allotted 82,93,001 equity shares with a face value of ₹10 each, issued at a premium of ₹74.30 per share, on July 14, 2026.
The investment represents the final tranche of the company’s previously announced investment plan in the Karnataka-based renewable energy SPV.
Supporting Renewable Energy Procurement
Linde India said the primary objective of the investment is the purchase of renewable power under the captive mechanism, enabling the company to secure clean electricity for its industrial operations.
Zenataris Renewable Energy Private Limited operates in the renewable power sector, and the investment aligns with the growing trend of industrial companies investing directly in captive renewable energy projects to support decarbonisation and long-term energy security.
Regulatory Details
As disclosed in the stock exchange filing:
- The investment has been made in Zenataris Renewable Energy Private Limited.
- The transaction is not a related-party transaction.
- Neither the promoter nor the promoter group has any interest in the entity.
- The renewable energy project requires open access permission for power transmission, which is to be obtained by the project developer.
The disclosure was made in compliance with the applicable SEBI Master Circular requirements relating to acquisitions and investments.
Strengthening ESG and Clean Energy Goals
Captive renewable energy projects are becoming an increasingly important part of India’s industrial decarbonisation strategy. By investing directly in renewable energy assets, companies can improve energy reliability, reduce carbon emissions, and support national clean energy targets while managing long-term electricity costs.
Linde India’s investment reflects the growing adoption of renewable power procurement models by large industrial companies seeking to advance their sustainability commitments and reduce dependence on conventional energy sources.
