Board of NGL Fine Chem approves purchase of renewable energy for captive consumption

The board of NGL Fine Chem at its meeting held on 06 November 2026 has approved entering into Power Purchase Agreements (PPAs) for long-term procurement of renewable energy for the Company's units in Maharashtra from (a) a proposed 3.10 MW solar power project (SPV1) and (b) a proposed 3.60 MW wind power project (SPV2). Each project is to be developed by a special purpose vehicle to be incorporated by Prozeal Green Power (Prozeal), for captive consumption under the Electricity Act, 2003 and the Electricity Rules, 2005.