Mangalam Cement Limited has submitted a regulatory disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 regarding the commissioning of its captive solar power project.
The disclosure serves as an update to the company's earlier intimation dated 5th September, 2024, which informed about the execution of a Power Purchase Agreement (PPA) and Share Subscription and Shareholders' Agreement (SSSHA) for acquiring a captive equity stake in Suryadeep RJ-1 Projects Private Limited to procure solar power under the Captive Open Access model.
Key Developments
- Suryadeep RJ-1 Projects Private Limited has successfully commissioned its 15.17 MW (AC) / 22 MW (DC) Solar Power Plant located at Barmer District, Rajasthan
- The plant operates under the Group Captive Generation Mechanism through an Open Access Solar Photovoltaic (PV) Plant developed on a Build-Own-Operate (BOO) basis
- Short-Term Open Access (STOA) for evacuation of power became effective from 6th August, 2026
- Supply of solar power to Mangalam Cement Limited commenced from 6th August, 2026
Expected Impact
The company expects the project to result in:
- Reduction in power costs
- Increased share of renewable energy in the total power mix of the Company
The disclosure was signed by Pawan Kumar Thakur, Company Secretary & Compliance Officer of Mangalam Cement Limited, on 6th August, 2026 at 21:59:58 IST.