JK Tyre will procure power from STTY RE’s 5 MW solar project for 25 years in captive mode.

The tyre company’s board approved an investment of ₹12.2 million (~$142,570) to acquire 26% of the equity shares of STTY RE, enabling it to procure power as a captive user.

The full capital expenditure of ₹155.9 million (~$1.82 million) for the project will be borne by STTY RE.

STTY RE was incorporated on March 8, 2025.

In its 2024 annual report, JK Tyre stated that 40% of its energy consumption came from renewable sources. Its total renewable energy consumption for the year from renewable sources was over 1.27 million GJ.

JK Tyre plans to increase its renewable energy utilization by 2% to 5% annually.  It also plans to increase investments in solar and wind energy.

In November last year, JK Tyre became the 16^th business from the country to join RE100, committing to use only renewable energy by 2050. The company claims to have reduced its greenhouse gas emissions by 64% since 2013-2014.

RE100 is a global initiative led by the Climate Group to bring together influential businesses committed to source 100% of their electricity from renewable sources.

In August, the company’s board approved an investment of ₹13.2 million (~$154,037.89) to acquire 26% of the equity shares of TRUERE Galaxy, enabling it to procure solar power as a captive user.

In February, its board approved an investment of ₹10.2 million (~$119,029.28) in Renew Wind Energy to procure wind-generated power as a captive user.  This investment increased JK Tyre’s share in the company to 18.22%.

At Mercom India’s C&I Clean Energy Meet in Mumbai, industry experts discussed how savings on energy bills is the primary driver for commercial and industrial units to switch to solar energy. They also shared their insights on choosing between open-access and rooftop solar projects.