Jindal Poly Films Ltd (JPL) has announced the acquisition of Enerlite Solar Films India, a manufacturer of encapsulation films used in PV modules and an associate company of JPL with 33.05% already owned by JPL. With the acquisition, Enerlite will become a wholly-owned subsidiary of JPL.
Enerlite recorded an unaudited turnover of INR 28 crore for FY 2025, against INR 43.07 crore in FY 2024 and INR 17.77 crore in FY 2023.
The transaction, done on an arm’s length basis, is expected to be completed within six months.
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