Prakash Pipes acquires solar stake, approves loan to promoter group

Prakash Pipes Limited (PPL) announced on December 18, 2025, that its board of directors approved the acquisition of a 26% equity stake in BECIS Solar 3 Private Limited (BECIS). This strategic move, valued at Rs. 1.21 crores, aims to secure long-term solar power at preferential tariffs for PPL’s Kashipur manufacturing unit, aligning with the Electricity Rules, 2005. BECIS, incorporated on May 5, 2025, as a special purpose vehicle, will develop a 3.6 MW solar power project.

The acquisition is part of PPL's efforts to lower energy costs and promote renewable energy. The acquisition is expected to be completed within 120 days.

Additionally, PPL approved an inter-corporate loan of Rs. 75 crores to Prakash Industries Limited (PIL), a promoter group entity. This unsecured loan, bearing an interest rate of 12% per annum, has a tenure of up to three years, extendable by mutual consent, and is intended for PIL’s general corporate purposes and working capital requirements.