The Board of Directors has given in-principle approval by way of Circular Resolution on 12.07.2025 to the Company for taking up 40 MW (in addition to earlier 60 MW approval) Solar Power ....
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TGV Sraac's Board has approved setting up a new 40 MW solar power plant near its factory or elsewhere at an approximate cost of Rs. 120 Crore, to be funded through internal accruals and bank finance. This approval is in addition to an earlier 60 MW solar power plan, of which 37.90 MW is already operational and generating power, while the remaining 22.10 MW is under progress. The total combined solar capacity will rise to 100 MW once the new 40 MW project is completed. The approval was given via a Circular Resolution dated 12.07.2025.
This is a significant green energy capex push for shareholders — the Rs. 120 Cr outlay adds to ongoing solar investments, likely reducing future power costs and supporting sustainability, but also increases debt/financial commitments. Stock may see mild positive sentiment given the clean-energy expansion, though execution and funding details will be tracked.