The company said the purpose of acquiring the shares is to secure open access to renewable energy and increase its solar energy usage in Maharashtra.
The company’s Less than Container Load (LCL) business rose 10% from June to 774 cubic meters.
The decision was approved at the board meeting of PG Technoplast on August 28, 2025.
The scope also includes setting up signalling towers and related infrastructure across the corridor.
In addition, Pallon S Mistry has been inducted to the company’s board, representing the next generation of the Shapoorji Pallonji family.
He has held leadership positions in business development, client acquisition, deal structuring and policy frameworks, with a focus on strengthening wholesale banking operations.
The contract, valued at ₹24.06 crore, includes the complete scope of supply along with packing, forwarding, insurance and delivery right up to the consignee site in Afghanistan.
In its latest quarterly results the company posted a 302.8% jump in consolidated net profit to ₹51.24 crore in Q1 FY26
The Winger Plus is powered by a 2.2-litre Dicor diesel engine, delivering 100 hp and 200 Nm of torque.
The consideration will be paid in cash through banking channels, the company said in a regulatory filing.
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