Announced Mon, 13 Jul · 19:40 IST
Mangalam Worldwide commissions 10.4 MW solar plant, total capacity at 11.6 MW
Business Updates View source PDF
MWL · price
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-0.9%1-day move
₹37.25
prior close
₹36.50
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AI summary
Mangalam Worldwide has commissioned a new 10.4 MW ground-mounted captive solar plant at its Halol facility, taking total solar capacity to 11.6 MW. The company expects this to offset over 12,500 metric tonnes of CO2 annually and cut electricity costs by 20 to 40 percent. MWL reported revenue of about Rs 1,215 crore in FY26 and exports to 20 European countries, saying the solar push strengthens export competitiveness for stainless steel global markets.
Likely market impact
Lowers long-term power costs and carbon intensity, supporting margins and export competitiveness; no immediate financial impact disclosed.