JK Tyre invests in solar power firm STTY RE Ltd.

JK Tyre & Industries has approved an investment of INR1.22 crore to acquire a 26% equity stake in STTY RE Ltd., a solar power generation company incorporated in March 2025. The investment, approved by the board on July 9, 2025, will enable JK Tyre to establish a captive power arrangement, sourcing solar energy at competitive rates. STTY RE Ltd. will undertake a 5 MWp Solar Power Project at a total cost of approximately INR15.59 crore. This acquisition will make STTY an associate company and is classified as a related party transaction, conducted at arm's length. The deal is expected to be completed by October 31, 2025.