The Board has accorded their in-principle approval for incurring capital expenditure towards repowering/ replacement of the existing windmills situated at Aralvoimozhi, Tamil Nadu and upgration ....
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The Board has given in-principle approval for capital expenditure to repower/replace existing windmills at Aralvoimozhi, Tamil Nadu. Separately, the company reported audited annual results for FY2026 ending March 31. Profit before tax increased significantly to Rs 1,015.55 lakhs from Rs 154.35 lakhs in the prior year. Cash from operations was Rs 262.87 lakhs, down from Rs 4,116.77 lakhs, mainly due to higher inventory buildup of Rs 1,395.57 lakhs. The company spent Rs 1,346.82 lakhs on PPE purchases, up from Rs 962.05 lakhs. Total assets grew to Rs 19,336.67 lakhs from Rs 16,756.71 lakhs. Statutory auditors Marimuthu & Associates have issued an unmodified opinion on the financial results.
The windmill repowering approval signals investment in renewable energy assets, which could improve operational efficiency. The strong profit growth and asset expansion indicate healthy business performance, though working capital needs attention.