Update regarding Renewable Energy Initiative
RUDRA · price
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Awaiting price reaction for this filing.
Rudra Global Infra Products has received a Bank Sanction Letter covering about 75% of the funding for a 3.3 MW Wind Power Project costing ₹32.28 Crore, with the turbine expected to be operational by December 2025. This will be the company's fourth wind turbine, taking its total renewable energy capacity to 8 MW and annual power generation to about 1.7 crore units. The company is also planning additional solar and renewable projects of 25–30 MW, with the total CAPEX for the full initiative estimated at ₹140 Crore (80% debt, 20% internal accruals). Once completed, billet division capacity utilization is expected to rise from 33% to 50%, and TMT division utilization from 50% to 90%, potentially doubling the topline to around ₹1,200 Crore. Captive power savings are projected at roughly ₹40 Crore in annual EBITDA over the productive life of the projects.
Positive for shareholders: bank funding is secured for the first phase, capacity expansion could nearly double revenue, and captive renewable power should meaningfully boost EBITDA through cost savings.