Project Overview
The company's 1 MW (AC) captive ground-mounted solar power project has achieved all key regulatory and execution milestones and is at the threshold of commissioning. The project, announced seventeen months ago, is now a completed installation ready to generate power.
Milestones Achieved
GEDA Registration - Secured: The company has received final registration from the Gujarat Energy Development Agency (GEDA) for the project under the Gujarat Renewable Energy Policy, 2023.
NHAI Permission - Secured: The company obtained necessary permission from the National Highways Authority of India (NHAI) for laying an underground electrical cable across the National Highway, representing the final regulatory link in project implementation.
Installation - Completed: The project stands fully installed. Testing and commissioning activities are underway and expected to conclude within the next few weeks.
Timeline and Expected Commissioning
Power generation is expected to commence by the end of the first week of August 2026.
Project Location and Details
The solar power project is located at the company's Kadi, Gujarat facility (Survey no. 325, Karannagar, Kadi-Kaloi Road, Taluka Kadi, Dist. Mehsana, Gujarat-382 715). It is a 1 MW (AC) captive ground-mounted installation.
Strategic Rationale and Benefits
Cost Leadership: Power is among the most significant input costs in steel manufacturing. Captive solar generation is expected to optimize energy costs and strengthen operational efficiency, with benefits compounding year after year over the life of the asset.
Green Steel Identity: The project transitions the company towards sustainable, environmentally responsible steel manufacturing, which is valued by institutional investors, large customers, and policymakers.
Execution Capability: The project demonstrates management's ability to conceive, approve, and execute strategic initiatives on schedule from announcement in February 2025 through GEDA registration, NHAI clearance, to completed installation.
Dual Transformation: The project coincides with the company's BIS certification for premium TMT grades, representing simultaneous product-side and cost-side transformation.
Broader Context
The initiative aligns with India's ambitious clean-energy transition targeting 500 GW of fossil fuel capacity by 2030 and Gujarat's position at the forefront of this transformation. The company positions itself at the intersection of India's steel industry growth cycle and renewable energy transition.
Corporate Commitment
The project reflects the company's twin commitment: building a cost-competitive, efficient manufacturing operation today, and a sustainable, future-ready enterprise for tomorrow.
Future Communications
The company will promptly inform the Exchange and shareholders of any further material developments.