Strategic Solar Capacity Expansion

Mangalam Worldwide Limited has successfully commissioned a new 10.4 MW ground-mounted captive solar power project at its Halol ecosystem. This brings the company's total operational solar capacity to 11.6 MW, combining this new installation with existing 1.2 MW rooftop solar installations.

Operational and Financial Impact

The 11.6 MW solar footprint is projected to:

  • Offset more than 12,500 metric tonnes of carbon dioxide (CO₂) emissions annually
  • Reduce electricity costs by 20% to 40% by substituting conventional grid electricity
  • Provide operational insulation against utility price volatility
  • Lower carbon intensity of core steel melting and tubular manufacturing operations

Company Context and Scale

Mangalam Worldwide Limited recorded its strongest-ever financial performance with revenue of approximately ₹1,215 crore in Financial Year 2026. The company is a fully integrated stainless steel and specialized manufacturing enterprise serving both domestic and international markets, including exports to 20 European countries.

Management Commentary

Chandragupt Prakash Mangal, Managing Director, stated: "Crossing the 11.6 MW milestone in solar capacity is a structural transformation in how we power our industrial assets. For MWL, renewable energy is no longer just a symbolic ESG metric—it is a vital pillar of our manufacturing competitiveness. By securing low-cost, predictable, and green power, we are drastically lowering our carbon footprint while matching the global sustainability standards required by the stainless-steel industry. This positions us as a preferred partner for the next generation of global infrastructure."

Company Background

Mangalam Worldwide Limited, established in 1995, is a fully integrated stainless-steel manufacturer with operations ranging from scrap melting to manufacturing of seamless pipes and tubes. The company produces:

  • Stainless steel billets, ingots, flat bars, round bars, bright bars
  • Seamless pipes & tubes, heat exchanger tubes and U-tubes

The company's infrastructure includes:

  • Steel melting shops, rolling mills, peeling unit with finishing machines
  • Seamless Pipes & Tubes unit
  • Four plants located in Halol (Unit I), Changodar (Unit II), and Kapadvanj (Unit III & IV), Gujarat
  • Total facility coverage: over 1,25,000 square meters
  • Total installed capacity: more than 1,90,000 MTPA
  • Workforce: 750+ skilled people