The Board has approved a capital expenditure of Rs 30 Cr for the installation of a 9.3 MW captive solar power plant.

The project aims to reduce electricity costs and utilizes sustainable energy sources, with the generated power aimed at offsetting electricity consumption at manufacturing facilities in Nagpur.

Financing will be a combination of bank funds and internal accruals, with the land secured through ownership or leasehold arrangements over an area of 30-40 acres.

The timelines indicate a completion period of 18 months from the date of grid connectivity approval.

This initiative highlights the company's commitment to eco-friendly practices and may lead to significant operational cost savings, creating a positive outlook for future corporate sustainability efforts.