Syncom Formulations (India) Limited has informed the Exchange about General Updates
SYNCOMF · price
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Syncom Formulations has successfully installed a 435 KWp DC (325 KW AC) solar rooftop project at its manufacturing plant in Pithampur, Madhya Pradesh, effective 12th June 2025. The project, which underwent a 15-20 day trial period, cost an estimated Rs. 1.30 Crores (plus GST) and is being funded entirely through internal accruals. It is designed for captive consumption and is expected to generate around 5.65 lakh units of electricity annually, subject to full grid availability. This move signals the company's focus on reducing power costs and adopting renewable energy at its manufacturing facility.
The solar project should help the company reduce its electricity expenses over the long term and improve sustainability, but the scale (Rs. 1.30 Crores) is modest and is unlikely to materially move the stock price. Shareholders can view this as a positive step towards operational cost savings and ESG alignment.