Hindusthan Insulators approves ₹11.25 Cr solar plant at Mandideep
Hindusthan Insulators & Industries Ltd approved a ₹11.25 crore capex for a 5 MW rooftop solar plant at its Mandideep facility to generate 69.35 lakh units of electricity annually. Funded by internal accruals, the project aims to cut energy costs and boost sustainability while enhancing operational efficiency.
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Hindusthan Insulators & Industries Ltd has approved a capital expenditure of approximately ₹11.25 crore to install a 5 MW rooftop solar power plant at its manufacturing facility in Mandideep, Madhya Pradesh. The project, approved by the Board of Directors on June 30, 2026, is expected to generate 69.35 lakh units of electricity annually, resulting in substantial savings on energy costs and enhancing operational efficiency.
The proposed installation includes a 5 MW (DC) and 3.9 MW (AC) Rooftop Solar Power Plant at Plot No. 01-08 New Industrial Area, Mandideep. The estimated cost of ₹11.25 crore excludes applicable taxes and duties and will be funded entirely through the company's internal accruals. The initiative underscores the company's commitment to sustainability by adopting renewable energy and reducing carbon emissions.
Project Details
The solar power plant is subject to necessary approvals from statutory or regulatory authorities. The project is designed to support environmentally responsible business practices while significantly lowering the company's energy expenditure.
| Parameter | Details |
|---|---|
| Location | Plot No. 01-08 New Industrial Area, Mandideep, Raisen, Madhya Pradesh-462046 |
| Capacity | 5 MW (DC) and 3.9 MW (AC) |
| Estimated Capex | ₹11.25 crore (excluding taxes and duties) |
| Funding Source | Internal accruals |
| Expected Annual Generation | 69.35 lakh units |
The Board's decision aligns with Hindusthan Insulators & Industries Ltd's strategy to improve operational efficiency through sustainable energy solutions. The reduction in energy costs is expected to have a positive impact on the company's financial performance over the long term.
What is the expected timeline for the completion and commissioning of the 5 MW solar power plant?
How will the energy cost savings from this project specifically impact the company's EBITDA margins in the coming fiscal years?
Does the company plan to expand this renewable energy initiative to other manufacturing facilities in the future?
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