Vraj Iron and Steel Limited has informed the Exchange regarding 'Agreement'.
VRAJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vraj Iron and Steel has signed a Long-Term Open Access (LTOA) Tripartite Agreement with Chhattisgarh State Power Distribution Company (CSPDCL) and Chhattisgarh State Power Transmission Company (CSPTCL) on March 13, 2026. The agreement, effective from February 9, 2026 to February 8, 2051 (25 years), allows the company to procure 10.85 MW of solar power (5.22 MW AC on real-time basis and 5.63 MW AC on banking) for captive use. This follows the earlier commissioning of the company's solar power project intimated on December 18, 2025. The company expects the arrangement to lower its electricity costs and support its green energy goals.
Positive for long-term cost savings and ESG profile — cheaper captive solar power should improve operating margins over the long term, though the near-term stock impact is likely limited as this is a cost-optimization measure rather than a revenue-generating order.