ADF Foods signs deal for 950 KWp rooftop solar plant at Surat facility

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Reviewed by
Riya DScanX News Team
Key Highlights
  • ADF Foods signs EPC contract with CleanMax for 950 KWp rooftop solar plant
  • Project uses CAPEX model, with plant owned by ADF Foods
  • Solar plant expected to meet 46% of Surat facility's energy requirements
  • Commissioning targeted by end of 2026
  • Extends renewable initiatives following earlier 2 MW PPA at Nadiad
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ADF Foods Limited has signed an Engineering, Procurement and Construction (EPC) contract with CleanMax Enviro Energy Solutions Limited to install a 950 KWp rooftop solar power plant at its manufacturing facility in Surat, Gujarat. The plant will be owned by the company under the CAPEX model, targeting commissioning by the end of this year.

The new installation is expected to meet approximately 46% of the Surat facility's energy requirements through renewable power generated and consumed on site. This initiative extends ADF Foods' renewable energy strategy, which previously included a 2 MW hybrid wind and solar power purchase agreement for its Nadiad facility signed earlier this year.

Strategic focus on operational efficiency

Bimal Thakkar, Chairman and Managing Director and CEO of ADF Foods, stated that the move follows the company's commitment to hybrid renewable power at Nadiad. By investing in its own solar capacity at Surat, the company aims to increase its use of renewable energy and lower electricity costs. The development aligns with broader ESG initiatives focused on responsible manufacturing and reducing carbon footprint in line with India's net-zero emissions goal for 2070.

What the numbers show

The disclosure highlights a dual-pronged approach to energy sustainability. While the Nadiad facility relies on a purchased power model (hybrid wind and solar), the Surat facility shifts to a self-owned asset model (CAPEX). This diversification reduces dependency on external grid supply and potentially stabilizes long-term energy costs through self-generation. The specific allocation of 46% of energy needs at Surat indicates a significant step toward partial energy independence for this key manufacturing hub.

About ADF Foods Limited

ADF Foods is a leading global player in the packaged ethnic food industry, offering frozen foods, ready-to-eat (RTE), and ready-to-cook (RTC) products. Its products are available in over 60 countries across North America, the UK, Europe, the Middle East, and Asia Pacific.

Historical Stock Returns for ADF Foods

1 Day5 Days1 Month6 Months1 Year5 Years
+3.04%+4.98%+2.53%+68.32%+27.31%+59.41%

How will the projected reduction in electricity costs at the Surat facility impact ADF Foods' overall operating margins in the upcoming fiscal quarters?

What is the expected timeline and capital expenditure budget for expanding the CAPEX-owned solar model to other manufacturing units beyond Surat?

How might this renewable energy initiative influence ADF Foods' valuation multiples among ESG-focused institutional investors?

ADF Foods accepts resignation of GM Accounts Purvi Dwivedi

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Reviewed by
Jubin VScanX News Team
Key Highlights
  • ADF Foods Limited accepted the resignation of Ms. Purvi Dwivedi, General Manager – Accounts
  • The effective date of cessation was the closure of business hours on August 21, 2026
  • Ms. Dwivedi cited pursuing new opportunities and challenges as the reason for leaving
  • The disclosure was made under Regulation 30 of SEBI Listing Regulations
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ADF Foods Limited has accepted the resignation of Ms. Purvi Dwivedi from the position of General Manager – Accounts. Her tenure with the company ended at the closure of business hours on August 21, 2026.

Ms. Dwivedi, who was designated as Senior Management Personnel, tendered her resignation to pursue new opportunities and challenges. The company disclosed this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Shalaka Ovalekar, Company Secretary, confirmed the acceptance of the resignation in a letter addressed to the exchanges.

Resignation Details

Detail Information
Name Purvi Dwivedi
Designation General Manager – Accounts
Effective Date August 21, 2026
Reason Pursuing new opportunities

In her resignation letter dated August 20, 2026, Ms. Dwivedi thanked the management and colleagues for their support during her tenure. She expressed appreciation for the professional growth and exposure gained while working with the organization.

The company stated that her association has been a valuable learning experience. No replacement for Ms. Dwivedi was named in the immediate disclosure.

Historical Stock Returns for ADF Foods

1 Day5 Days1 Month6 Months1 Year5 Years
+3.04%+4.98%+2.53%+68.32%+27.31%+59.41%

How might the departure of the General Manager – Accounts impact ADF Foods' upcoming quarterly financial reporting and internal audit processes?

Will ADF Foods appoint an interim head for the accounts department, or will responsibilities be redistributed among existing senior management?

Does this resignation signal broader organizational restructuring or potential leadership changes within ADF Foods' finance division?

More News on ADF Foods

1 Year Returns:+27.31%