Polycab enters group captive arrangement with Continuum Green Energy for renewable power at Jamnagar facility

PE / VC 22 Jun 2026 · Announced· ✓ Verified

Polycab acquired equity in Continuum Green Energy to establish a group captive power arrangement for its Jamnagar manufacturing facility. The transaction structure involved negotiation of a Power Consumption Agreement and Share Purchase and Shareholders Agreement. This deal reflects the evolving C&I sector strategy toward renewable energy captive procurement and aligns with Electricity (Amendment) Rules 2026, which codify the 26% ownership / 51% consumption thresholds and establish a statutory two-tier captive status verification mechanism (state nodal agency for intra-state; NLDC for inter-state arrangements). Continuum supplies electricity to over 180 C&I consumers with a 4.7 GWp…

Why it mattersGroup captive structures leveraging the Electricity (Amendment) Rules 2026 framework (effective 13 March 2026) offer C&I consumers statutory clarity on proportionality, ESS-mediated consumption, and intra-state nodal verification, materially improving project bankability and reducing regulatory litigation risk in green power procurement.
CounselEconomic Laws Practice (ELP), JSA Advocates & Solicitors (JSA), Dentons Link Legal
SectorEnergy & Renewables
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