Announced Mon, 20 Jul · 18:54 IST
Mafatlal Industries commissions 4 MWp captive solar project at Nadiad unit
Compliance View source PDF
MAFATIND · price
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹134.77
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AI summary
Mafatlal Industries has commissioned a 4 MWp captive ground-mounted solar PV power project at its Nadiad, Gujarat manufacturing facility. Built at an investment of about INR 11 crores, the project is expected to generate around 66 lakh kWh of net usable electricity per year, covering part of the unit's energy needs. The move aims to lower energy costs, reduce dependence on conventional power, and cut carbon footprint, reinforcing the company's green energy push.
Likely market impact
Lowers energy costs and carbon footprint at Nadiad unit, supporting margins and ESG goals. Capex of INR 11 crores.