Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015- Installation Captive Open Access Solar Power Plant
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Kaka Industries is setting up a 7.5 MW Captive Open Access Solar Power Plant requiring an investment of Rs. 25 crore, financed through bank loans and internal accruals. The project will need about 20 acres of land (own or leasehold), with the location still under discussion. The solar plant is expected to be completed within 10 months of receiving grid connectivity approval. The power generated will be used to supply electricity to the company's manufacturing plants in Kathlal and Zak, helping reduce overall electricity costs. This move aligns with the company's focus on clean energy and sustainable manufacturing.
The Rs. 25 crore investment in solar power should help lower long-term electricity costs at the company's manufacturing facilities, improving operational efficiency. For shareholders, this is a positive step toward cost savings and ESG alignment, though the actual financial benefit will depend on execution and savings on power bills.