Timken India acquires stake in renewable energy firm Sunstreamgreen

Timken India Limited will acquire a 26.1% equity stake in Sunstreamgreen Energy C&I Three Private Limited. The acquisition, valued at INR 70,00,020 for 7,00,002 equity shares at INR 10 each, is being made to purchase power under a Group Captive Scheme. This move aligns with the requirement to hold at least 26% equity to maintain group captive status under applicable laws.

Sunstreamgreen Energy C&I Three Private Limited, incorporated on July 14, 2025, is engaged in electricity generation through renewable sources. Operations for the target company are yet to commence, with no turnover reported for its first year of incorporation. The investment ensures Timken India’s access to solar power generated from a project established by Sunstreamgreen Energy.

The acquisition is anticipated to be completed on or before December 2025. This transaction is not considered a related party transaction, and no governmental or regulatory approvals are required for the acquisition.