Rajratan Global Wire invests in Lilac Ecoenergy for captive power generation

Rajratan Global Wire Limited (RGWL) has executed a Shareholders' Agreement with Lilac Ecoenergy Private Limited for an investment of INR 1.44 Crores. This investment, formalized on November 27, 2025, is for the acquisition of 9.43% of Class A equity shares in Lilac Ecoenergy, which represents 3.18% of the total paid-up capital. Lilac Ecoenergy is establishing a power project for solar and wind power generation, with operations expected to commence from January 2026.

The acquisition aims to comply with regulatory requirements for captive power consumption under Indian Electricity laws. The consideration will be paid in cash through one or more tranches, and no special governmental or regulatory approvals are required. The completion of this acquisition is anticipated before March 2026.

Lilac Ecoenergy Private Limited, incorporated on February 17, 2021, specializes in generating and supplying renewable energy through the CPP model, adhering to GCC norms. The company operates exclusively in India.