Installation of Solar power plant for captive consumption
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Investment & Precision Castings Ltd has announced plans to install a 4 MWp (4000 KWp) Solar Power Plant at Village Ratanpar, Gujarat, for its own captive electricity consumption. The project is expected to be operational from December 2025. The company has already acquired the NA land and received necessary permissions from PGVCL for the installation. Once operational, the plant is expected to generate approximately 70 to 75 lakh gross units of electricity annually, helping the company reduce its carbon footprint and lower its power costs.
This move towards solar energy should help the company reduce its long-term electricity costs and insulate operations from grid power price fluctuations, while also supporting ESG goals. It signals a modest capex commitment toward self-sufficiency in power, though the financial size of the investment relative to net worth has not been disclosed in this intimation.