Euro Panel Products Limited commissioned a 2.2 MW grid-connected solar facility in Moti Falod, Surat, on July 27, 2026, completing the third phase of its multi-year energy expansion strategy. This installation brings the company's total operational captive solar capacity to 3.6 MW, establishing what it describes as India's largest cumulative captive solar infrastructure in the Aluminium Composite Panel (ACP) industry. The expansion allows Euro Panel Products to offset 50% of its total factory power requirements through renewable energy, an aggressive scale-up from its previous capability of offsetting only 20%.

The new Surat plant is designed to generate 30 lakh units of clean electricity annually. This power directly offsets the facility's overall energy consumption, reducing reliance on conventional power grids and eliminating carbon emissions associated with traditional coal-based electricity. The transition began with an initial 520 kW installation in 2020, expanded to 1.4 MW in 2024, and now reaches this major 50% offset milestone with the latest facility fully online.

Renewable Energy Milestones

The commissioning of the Surat plant represents a significant step in the company's commitment to sustainable manufacturing. By increasing its captive solar infrastructure to 3.6 MW, Euro Panel Products aims to manufacture more efficiently while reducing its carbon footprint and conserving natural resources. Divyam Shah, Whole Time Director and CFO of Euro Panel Products Limited, stated that sustainability is embedded in the EUROBOND brand's culture. He highlighted that every investment in renewable energy reflects the company's long-term commitment to building a responsible and resilient business.

This energy capacity expansion complements the company's broader resource conservation practices, specifically its Zero Liquid Discharge operations. Euro Panel Products operates in-house sewage and effluent treatment facilities that have reclaimed over 1,322,500 litres of treated water over the last six months. This treated water is utilised for site gardening, greenbelt maintenance, and general facility requirements, ensuring zero industrial wastewater leaves the premises.

Market Implications

As green building frameworks under the Indian Green Building Council place greater emphasis on supply chain transparency, developers and architects are actively seeking low-carbon building materials. Euro Panel Products' operational clean energy setup and water reclamation systems offer architects and project planners clear environmental benchmarks. These initiatives make it simpler for commercial and residential developments to achieve their green building certifications by sourcing materials from a manufacturer with a transparent and data-backed operational footprint.

Alongside its Extended Producer Responsibility compliance and Indian Green Building Council membership, the company recently expanded its in-house laboratory's NABL accreditation scope from 16 to 51 parameters. These parameters cover coil, coating, core, ACP, and MCP, further strengthening the quality assurance standards associated with the EUROBOND brand.

Euro Panel Products has incorporated a new subsidiary, Eurobond Dimensions Private Limited, effective July 15, 2026, to expand its manufacturing capabilities in the aluminium and allied metal products sector. The company has subscribed to 70% of the share capital of the newly formed entity, thereby making it a subsidiary. This strategic acquisition is expected to create operational synergies and strengthen the company's market presence.

The subsidiary was incorporated in the State of Maharashtra with a capital of ₹25,00,000. Eurobond Dimensions Private Limited will engage in the manufacturing, processing, fabricating, assembling, altering, converting, and designing of Aluminium Composite Panels (ACP), aluminium sheets, coils, and allied metal products. The business of the new entity is complementary to Euro Panel Products' existing operations and falls within its main line of business.

The initial subscription to the share capital was made through cash consideration at face value. The transaction does not fall within the purview of related party transactions, although two directors of Euro Panel Products, Rajesh Nanalal Shah and Divyam Rajesh Shah, have been appointed as directors in the subsidiary. No specific governmental or regulatory approvals were required for the incorporation.

The details of the incorporation were submitted to the National Stock Exchange of India Limited and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made by Rajesh Nanalal Shah, Managing Director of Euro Panel Products.

Key Details of Eurobond Dimensions Private Limited

The incorporation of Eurobond Dimensions Private Limited marks a significant step in Euro Panel Products' growth strategy, aimed at enhancing its manufacturing footprint and product offerings in the aluminium sector.