Project Details
The company is implementing a captive solar power plant project consisting of:
- 10 MW capacity for Unit 1
- 7 MW capacity for Unit 2
- Total capacity: 17 MW
- Location: District Valsad, Gujarat
- Specific location: Manufacturing unit in Vapi
Financial Details
- Estimated total project cost: ₹62.00 crore (Rupees Sixty-Two Crore only)
- Term loan facility: ₹50.00 crore (Rupees Fifty Crore only)
- Financing structure: Term loan 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 (FY 2027-28)
Purpose and Rationale
- Harness sustainable energy sources
- Mitigate and reduce electricity costs for manufacturing operations
- Offset electricity expenses incurred during production process
- Support company's dedication to clean energy practices and environmental stewardship
Operational Impact
The solar power plant will serve as captive infrastructure for the company's kraft paper manufacturing operations at its Vapi units.
Company Background
Shree Ajit Pulp and Paper Limited describes itself 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, Phase-I, GIDC, Vapi, Dist. Valsad, Gujarat