Birla Cable Terminates PPA with Continuum MP Windfarm, Sells Shares

Birla Cable Limited (BCL) has announced the termination of its Power Purchase Agreement (PPA) with Continuum MP Windfarm Development Private Limited (Continuum), effective December 17, 2025. The PPA, ...

Birla Cable Limited (BCL) has announced the termination of its Power Purchase Agreement (PPA) with Continuum MP Windfarm Development Private Limited (Continuum), effective December 17, 2025. The PPA, originally dated November 4, 2023, was for the supply of 1.5 MW capacity from a Wind-Solar hybrid project. The termination was mutually agreed upon due to the non-feasibility of power supply under Long Term Open Access (LTOA)/Medium Term Open Access (MTOA) as a captive user, with no liability on either party. Consequently, the Share Purchase and Shareholders Agreement (SPSHA) dated November 4, 2023, between BCL and Continuum also stands terminated. As part of this, Birla Cable Limited will sell its entire holding of 17,39,400 fully paid-up equity shares in Continuum to Continuum Green Energy Limited, a promoter of Continuum. This sale is expected to be completed within seven working days upon receipt of the full consideration of ₹173.94 Lakhs, at the original purchase price of ₹10 per equity share.

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Why is Birla Cable Limited in the news today?

Birla Cable Limited (BIRLACABLE) is in the news due to the termination of the ppa and the subsequent sale of shares are routine corporate actions and do not indicate a significant positive or negative development for the company's core operations or financial health.

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Birla Cable Terminates PPA with Continuum MP Windfarm, Sells Shares

December 18, 2025, 12:02 PM

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Birla Cable Limited (BCL) has announced the termination of its Power Purchase Agreement (PPA) with Continuum MP Windfarm Development Private Limited (Continuum), effective December 17, 2025. The PPA, originally dated November 4, 2023, was for the supply of 1.5 MW capacity from a Wind-Solar hybrid project. The termination was mutually agreed upon due to the non-feasibility of power supply under Long Term Open Access (LTOA)/Medium Term Open Access (MTOA) as a captive user, with no liability on either party.

Consequently, the Share Purchase and Shareholders Agreement (SPSHA) dated November 4, 2023, between BCL and Continuum also stands terminated. As part of this, Birla Cable Limited will sell its entire holding of 17,39,400 fully paid-up equity shares in Continuum to Continuum Green Energy Limited, a promoter of Continuum. This sale is expected to be completed within seven working days upon receipt of the full consideration of ₹173.94 Lakhs, at the original purchase price of ₹10 per equity share.

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