Varun Beverages Ltd (VBL) has announced that his Investment and Browing Committee has approved investing up to 26 percent in the equity share capital of jagger renewables to privates to privates to private. The decision taken on September 3, 2025 is aimed at acquiring solar energy for captive consumption.
The Investment and Browing Committee of Board of Directors of Varun Beverages Ltd started on September 3, 2025 at 3:45 pm and ended at 4:00 pm, in which investment was approved.
Investing in Jagger Renewables to Private Limited, which is a special purpose vehicle, will help VBL to generate and supply solar energy to consumers in Rajasthan. The move aims to obtain solar energy for captive consumption, so that VBL’s energy needs in the area can be met.
Jagger Renewables to Private Limited was included on 6 June 2024 with the aim of working under the Group Captive Model as per the Electricity Act, 2003. The company has not started its functioning yet.
As part of the proposed transaction, Varun Beverages will invest in one or more installments and are currently investing ₹ 26,000 in equity shares of the company.
VBL intends to use solar energy produced by jager renewables for its facilities located in Kota, Alwar, Jaipur, Jodhpur and Bhiwadi in Rajasthan. This initiative is expected to reduce the cost of electricity and promote environmentally friendly energy consumption.
According to the Electricity Act, VBL is required to invest this in the company as a captive user.
This investment corresponds to the commitment of Varun Beverages towards Sustainable Energy Solutions and Cost Efficiency.