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SportKing India Ltd. (SKL) announced commencement of solar power plant in its Punjab facility

ICICIdirect Research 19 Jun 2026 DISCLAIMER

News: SportKing India Ltd. (SKL) announced commencement of solar power plant in its Punjab facility effective 18th June 2026. In August 2025, the company had announced Solar Power Purchase Agreement (SPPA) with M/s Evincea Renewable Seven Private Limited (a Special Purpose Vehicle) for the generation and supply of solar power to the Company's facilities in Punjab. As per the company, commissioning of the project is expected to lead to power cost saving of ~12-13% annually for the company

View: SKL invested Rs.14.1 crore to acquire a 26% stake in Evincea Renewable Seven Pvt. Ltd., an SPV developing a 40.3MW solar power plant to supply renewable energy to its Punjab units. The project will provide low-cost power to its Bathinda and Ludhiana units for 25 years, with power cost expected at Rs.3.5/unit over the coming years vs the current ~Rs.5.5/unit. Further, the upcoming Odisha plant will receive power at a subsidised rate of Rs.4/unit. Overall blended power cost is expected to reduce to Rs.4.7/unit by FY28E from the current Rs.5.8/unit. Further we expect power cost to decline to 5.2% of revenues by FY28E from 6.6% of revenues in FY26.

Impact: Positive

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