Project Details
The Solar Power Project has commenced commercial operations effective September 16, 2026. The project forms part of the utilization of proceeds from the company's Initial Public Offering (IPO) as disclosed in the Red Herring Prospectus (RHP).
Key Particulars:
- Name of Project: Solar Power Project
- Location: Gat No. 122, 125 & 128, Farmland of Village Bhaganurwadi, Taluka Mukhed, District Nanded, Maharashtra
- Installed Capacity: 4.95 MWp (DC) / 3.30 MW (AC)
- Date of Commencement of Commercial Operations: September 16, 2026
- Mode of Consumption: Captive consumption for manufacturing operations through power transmission/wheeling mechanism
- Total Project Cost: ₹1,481.43 lakh
- Amount Funded through IPO Proceeds: ₹1,481.43 lakh
Generation Details
- Solar Generation Capacity: 4,950 kWp
- Solar Power Supplied at Generation Bus Bar: 75,48,750 kWh
- Wheeling Loss (7.50%): 5,66,156 kWh
- State Transmission Loss (3.28%): 2,47,599 kWh
- Scheduled Power at Client Premises: 67,34,995 kWh
Purpose and Objectives
The project was established to:
- Enhance the company's sustainability initiatives
- Improve energy efficiency
- Optimize operating costs
- Reduce dependence on conventional energy sources
- Utilize renewable energy
Financial Impact and Expected Benefits
Based on the company's current assessment, the solar capacity is expected to substantially reduce the effective cost of power consumed by Plant 1 and Plant 2, with estimated savings of approximately ₹40-45 lakhs per month.
Significance
This commencement marks a significant milestone in the implementation of the objects of the IPO and is expected to contribute towards:
- Reduction in dependence on conventional energy sources
- Long-term optimization of manufacturing and operating costs
- Improvement in environmental sustainability initiatives
- Enhanced energy security for manufacturing operations
- Reduction in the company's carbon footprint