Aastha Spintex Falcon Yarns secures GEDA registration for 1.35 MW solar project
- Aastha Spintex secured GEDA registration for a 1.35 MW DC rooftop solar project at Falcon Yarns
- The 1,000 kW AC system is built under a CAPEX model for captive power consumption
- Site execution is underway with module mounting structure marking at 70% completion
- MATgrow Renewables Pvt. Ltd. is the selected installer for the Rajkot facility project
*this image is generated using AI for illustrative purposes only.
Aastha Spintex Limited has secured Gujarat Energy Development Agency (GEDA) registration for a 1,350 kW DC rooftop solar PV project at its subsidiary Falcon Yarns Private Limited. The industrial facility in Rajkot, Gujarat, is now in the active execution phase.
The GEDA registration, dated September 1, 2026, covers a system with 1,000 kW AC capacity under the Gujarat Integrated Renewable Energy Policy - 2025. The project is structured as a capital expenditure (CAPEX) model, meaning Falcon Yarns owns the asset and will use the generated electricity for captive consumption.
Execution Progress
Physical installation work commenced immediately following regulatory approval. As of the daily progress report dated September 16, 2026, the site team deployed 13 personnel to advance construction activities.
| Workstream | Progress Status |
|---|---|
| Module Mounting Structure (MMS) marking | Approx. 70% complete |
| MMS installation | Approx. 40% complete |
MATgrow Renewables Pvt. Ltd. is recorded as the selected installer for the project. The company emphasized that while registration is complete, commercial operation depends on subsequent technical feasibility assessments by the distribution company (DISCOM).
Regulatory Pathway
The disclosure distinguishes between current registration and final commissioning. Several statutory steps remain before the plant can generate power:
- Technical feasibility assessment by the relevant DISCOM.
- Execution of a connectivity agreement with the DISCOM.
- Installation of bi-directional meters per DISCOM specifications.
- Single Line Diagram (SLD) approval and charging permission from electrical authorities.
- Compliance with GERC regulations and Approved List of Models and Manufacturers (ALMM) requirements.
What the Numbers Show
The project’s CAPEX structure aligns energy infrastructure directly with manufacturing output rather than merchant power sales. With a sanctioned load of 2,970 kW at the facility and a proposed solar capacity of 1,000 kW AC, the installation represents a significant portion of the site’s potential daytime power demand. This captive model aims to reduce grid dependency during peak solar hours, though actual savings will depend on irradiation levels and plant availability post-commissioning.
Historical Stock Returns for Aastha Spintex
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +3.30% | -5.75% | +3.32% | -43.54% | -43.54% | -43.54% |
How will the transition to a CAPEX model for Falcon Yarns impact Aastha Spintex's overall capital allocation strategy and debt levels in the coming fiscal quarters?
What is the estimated timeline for DISCOM technical feasibility assessments and connectivity approvals, and could regulatory delays affect the projected energy savings?
Given that the 1,000 kW AC capacity covers a significant portion of daytime demand, what is the company's plan for managing peak load requirements during non-solar hours or monsoon seasons?
16
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
