This is to inform that pursuant to the provisions of regulation 30 of the SEBI (LODR) Regulations 2015, please find enclosed herewith the Press release regarding the expansion of solar ....
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True Colors Limited has started developing a 2.5 MW solar power project for captive energy use at its manufacturing facility, expected to be commissioned from June 2026 onwards. The company has already received grid connectivity approval from Dakshin Gujarat Vij Company Limited (DGVCL) for the project. Once completed, along with its existing 1 MW rooftop solar plant and a recently commissioned additional 1 MW rooftop installation, total solar capacity will reach approximately 4.5 MW. At full capacity, the solar infrastructure is expected to generate around 50 lakh units (kWh) of electricity annually, potentially saving the company about ₹4–4.5 crore per year in energy costs. The company expects that roughly 60% of its total energy requirements will be met through solar power going forward, supporting cost efficiency and sustainability in its textile printing operations.
Positive for long-term shareholders — the captive solar power project should lower energy costs, reduce dependence on grid power, and improve margin stability. The stock may see modest positive sentiment, though actual financial impact will depend on commissioning timelines and manufacturing capacity utilization.