Century Enka signs 9.9 MW wind-solar PPA, corrects commissioning date

Century Enka Limited has executed a Power Purchase Agreement with ABREL Century Energy Limited for a 9.9 MW wind-solar hybrid captive power plant. The company also corrected a previously disclosed commissioning date, confirming the project is scheduled for completion by 30 June 2027.

Century Enka Limited (BSE: 500280, NSE: CENTENKA), an Aditya Birla Group company and manufacturer of nylon tyre cord fabric and industrial yarns, disclosed on 22 June 2026 that it has entered into a Power Purchase Agreement (PPA) with ABREL Century Energy Limited (ABRELCEL), a Special Purpose Vehicle (SPV). The agreement is for the setting up of a 9.9 MW wind-solar hybrid power plant, with Century Enka procuring electricity under the captive consumption mechanism as provided under the Electricity Act, 2003 and Electricity Rules, 2005.

To qualify as a captive user under applicable electricity regulations, Century Enka is required to hold a minimum 26 percent equity stake in ABRELCEL, the power-producing SPV. The PPA disclosure also included a material correction: the scheduled commissioning date had been inadvertently stated as 30 June 2026 in an earlier intimation dated 20 June 2026. The company clarified that the correct commissioning date is 30 June 2027, and the updated filing was submitted to both BSE and the National Stock Exchange.

The 9.9 MW captive renewable energy arrangement is a meaningful step in Century Enka's energy transition journey, enabling the company to reduce its dependence on grid power and lower the carbon footprint of its manufacturing operations in Pune. Captive renewable procurement is an increasingly popular route for energy-intensive industrial companies in India to meet sustainability targets while hedging against grid tariff volatility. The correction of the commissioning timeline is a transparency positive, demonstrating the company's commitment to accurate and timely regulatory disclosure.

Key figure — 9.9 MW (wind-solar hybrid captive power plant capacity)