Strategic Initiative: Solar Power Plant Commissioning

Sanstar Limited has commissioned a 3 MW solar power plant at Moda village, Rapar Taluka, Kutch, Gujarat. The plant has been established as a captive power generation facility for the company's Kutch manufacturing operations.

Investment and Financial Impact

  • Total investment: Approximately ₹7.5 Crore
  • Expected annual power cost savings: Approximately ₹3 Crore
  • The plant will meet around 40% of the total electricity requirement of the Kutch facility

Operational and Strategic Benefits

  • Primary objective: Reduction of power costs and improvement of operational efficiency
  • Strengthens the company's renewable energy footprint and focus on sustainable manufacturing
  • Supports ESG initiatives and energy-efficient manufacturing operations

Existing Renewable Energy Capacity

  • Dhule facility: 3.5 MW solar power capacity
  • Dhule facility: 1.6 MW biogas-based power capacity
  • Total existing renewable capacity: 5.1 MW at Dhule facility
  • The new 3 MW solar capacity adds to this existing renewable energy infrastructure

Management Commentary

Mr. Gouthamchand Chowdhary, Chairman and Managing Director, stated: "The commissioning of our 3 MW solar power plant at Kutch is an important step in our continued focus on improving operational efficiency while strengthening our commitment to sustainable manufacturing. The project has been undertaken with a clear focus on reducing our power costs and increasing the contribution of renewable energy to our operations. This initiative further strengthens our renewable energy footprint, building on our existing solar and biogas based power capacity. Going forward, we will continue to explore opportunities to integrate renewable energy and resource efficient solutions across our operations, in line with our broader sustainability objectives and our focus on creating long term value for our stakeholders."

Company Background

Sanstar Limited is one of India's leading corn-based specialty products and ingredient solutions companies, manufacturing starch, glucose, modified starches, dextrose and other corn derivatives. The company serves diverse industries including food and beverage, pharmaceuticals, animal nutrition, paper, and textiles. The company recently commissioned its new facility at Dhule plant, increasing total installed capacity from 1,100 TPD to 2,350 TPD of processing maize-based specialty products.

Important Note

The document includes a disclaimer regarding forward-looking statements and references to a proposed preferential issue and joint venture arrangement with Ingredion Incorporated. However, these elements are presented as standard legal disclaimers and are not the primary subject of this specific announcement about the solar power plant commissioning.