Tirupati Forge Limited has informed the Exchange regarding a press release dated May 17, 2025, titled "Tirupati Forge Commissions 4.8 MW Solar Power Plant to Cut Energy Costs and Boost Sustainability".
TIRUPATIFL · price
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Tirupati Forge has commissioned a 4.8 MW solar power plant that will be used entirely for its own operations, reducing dependence on conventional power. The company expects this to save around ₹25 million per year in electricity costs, with potential savings rising to ₹50 million annually once planned extensions at upcoming sites are also operational. The plant uses advanced N-TopCon bifacial solar panels with single-axis tracking technology to maximize energy output. The project is part of the company's broader ESG (Environmental, Social, and Governance) initiative to lower its carbon footprint and improve operational efficiency.
This is a positive development for shareholders as it directly reduces operating costs and is expected to improve profit margins over the long term. The sustainability angle also makes the company more attractive to ESG-focused investors, though the scale of savings is modest relative to typical company revenues.