Project Details
Shree Ajit Pulp and Paper Limited is implementing captive solar power plants for its manufacturing operations:
- Unit 1: 10 MW solar power plant
- Unit 2: 7 MW solar power plant
- Total Capacity: 17 MW
- Location: District Valsad, Gujarat
- Purpose: To harness sustainable energy sources and reduce electricity costs for manufacturing operations
Financial Details
- Total Project Cost: ₹62.00 crore (Rupees Sixty-Two Crore only)
- Term Loan Facility: ₹50.00 crore (Rupees Fifty Crore only)
- Funding Structure: Debt financing covering approximately 80.6% of project cost
Implementation Timeline
- Unit 1 (10 MW): Completion targeted by end of current financial year (March 2027)
- Unit 2 (7 MW): Completion targeted in next financial year (2027-28)
Operational Impact
The solar plants are designed as captive power infrastructure to offset electricity expenses incurred during the paper production process at the company's manufacturing units in Vapi, Gujarat.
Company Background
Shree Ajit Pulp and Paper Limited is described as a prominent Kraft Paper Manufacturing Company in India with two manufacturing units:
- Unit I: Survey No. 239, Village Salvav, Near Morai Railway Crossing, Via-Vapi, Dist. Valsad, Gujarat
- Unit II: Plot No 1, Plot No. 1/B, Phase-I, GIDC, Vapi, Dist. Valsad, Gujarat