Ahmedabad 17 July 2024: KP International Private Limited, a wholly-owned subsidiary of Ahmedabad-based Kemistar Corporation Limited, has announced the receipt of a Letter of Intent from NSE-listed Solex Energy Limited for the execution of a Strategic Supply Agreement (SSA).
Under the terms of this agreement, KP International will receive used, waste, and old solar panels from Solex Energy Limited. This strategic partnership marks a significant milestone in Kemistar Corporation’s journey and helps it establish a presence in the renewable energy sector.
Kemistar Corporation is committed to forging additional strategic partnerships for battery and solar panel recycling, laying the foundation for deeper business relations and environmental sustainability.
“This agreement with Solex Energy aligns perfectly with our vision of expanding our footprint in the renewable energy sector. We are committed to not only growing our business but also contributing to sustainable practices in the industry,” said (name and designation) of Kemistar Corporation.
Kemistar Corporation has been a prominent player in the Indian market for over two decades, specialising in pigments, dyes, agrochemical intermediates, and speciality chemical products. The company’s foray into the renewable sector showcases its commitment to diversification and sustainable development.
Solex Energy Limited, a leader in solar module manufacturing with a capacity of 3GW, continues to innovate and expand its operations, reinforcing its position as a key player in the renewable energy industry.
