Vraj Iron and Steel Limited has informed the Exchange about Awarding of order of grant of electricity duty exemption on electricity generated from the solar power plant for captive consumption at its siltara division.
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Vraj Iron and Steel Limited has received an order from the Chief Electrical Inspector, Government of Chhattisgarh, granting exemption from electricity duty on power generated from its solar photovoltaic plant at the Siltara Division for captive consumption. The exemption is effective from December 17, 2025 and will remain valid as long as the solar plant is operational. The company expects this to result in significant savings in energy costs, improve operating margins and cash flows, while supporting its renewable energy and sustainability initiatives. The exact financial impact will depend on the quantum of power generated and consumed during the policy period.
This regulatory exemption will reduce the company's operating costs at its Siltara Division by eliminating electricity duty on captive solar power, potentially improving margins and cash flows. This is a positive development for shareholders as it represents a cost-saving measure supporting profitability.