Scoda Tubes Limited has informed the Exchange about setting up of 3 MW (AC)/3.8 MW(DC) Ground Mounted Solar Project, at Survey no. 295, Village- Mudana, Ta- Sidhpur, Dist.- Patan having Consumer No. 20301, under Gujarat Integrated Renewable Energy Policy-2025 for its Captive Consumption
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Scoda Tubes Limited has received approval from GEDA (Gujarat Energy Development Agency) to set up a 3 MW (AC) / 3.8 MW (DC) ground-mounted solar power project at Village Mudana, Sidhpur, Patan district in Gujarat, under the Gujarat Integrated Renewable Energy Policy-2025. The estimated project cost is around Rs. 13.70 crore. The project is expected to generate about 16,340 units of electricity per day, or roughly 59.64 lakh units annually. The company estimates daily savings of about Rs. 1.02 lakh and annual savings of around Rs. 3.76 crore on its electricity bill, implying a payback of roughly 3.5–4 years. The power generated will be used for the company's own consumption, reducing dependence on external power supply.
This move should help Scoda Tubes cut its power costs and improve operating margins over the medium term, while also aligning with sustainability goals. For shareholders, it signals management's focus on cost efficiency, though the Rs. 13.7 crore outlay will need to be funded, so investors should watch for related debt or capex updates.