Scoda Tubes Limited has informed the Exchange in respect of setting up of Ground Mounted Solar Project under Gujarat Integrated Renewable Energy Policy-2025 for Captive Generating Plant
SCODATUBES · price
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Scoda Tubes Limited has informed the exchange about plans to set up a ground-mounted solar project under the Gujarat Integrated Renewable Energy Policy-2025. The project will be developed as a captive generating plant, meaning the electricity produced will be used by the company for its own operations rather than sold to the grid. No specific details on project capacity, investment amount, or expected commissioning timeline have been disclosed in the announcement. The move suggests a shift towards renewable energy for the company's internal power needs.
Positive development as captive solar power is expected to reduce long-term electricity costs for the company, though the absence of capacity or investment figures makes it hard for investors to judge how material this project is to Scoda's overall business.