Mangalam Cement has commenced the supply of solar power from its newly commissioned 15.17 MW (AC) / 22 MW (DC) captive solar plant in Barmer, Rajasthan, marking a significant step in its renewable energy strategy. The Short-Term Open Access (STOA) for power evacuation became effective on August 6, 2026, enabling immediate supply to the company’s operations. This development is expected to reduce overall power costs and increase the share of renewable energy in the company’s total power mix, supporting long-term sustainability goals and operational efficiency.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following an earlier intimation dated September 5, 2024. In that earlier filing, Mangalam Cement informed stock exchanges about the execution of a Power Purchase Agreement (PPA) and a Share Subscription and Shareholders' Agreement (SSSHA) to acquire a captive equity stake in Suryadeep RJ-1 Projects Private Limited. The project operates under the Captive Open Access model, allowing the company to procure solar power directly from the dedicated generation facility.

The solar power plant was developed on a Build-Own-Operate (BOO) basis by Suryadeep RJ-1 Projects Private Limited. Located in the Barmer District of Rajasthan, the facility utilizes Group Captive Generation Mechanism protocols to deliver clean energy to Mangalam Cement. The commissioning date aligns with the effective date of the STOA approval, ensuring seamless integration into the company’s energy infrastructure without operational delays.

Pawan Kumar Thakur, Company Secretary & Compliance Officer at Mangalam Cement Limited, signed the disclosure filed with both the National Stock Exchange of India Ltd. and BSE Limited. The filing confirms that all regulatory requirements for open access solar photovoltaic (PV) plants have been met, allowing for uninterrupted power evacuation and supply.

Strategic Impact on Energy Costs

The commissioning of this facility represents a tangible shift toward sustainable operations for Mangalam Cement. By securing a dedicated source of renewable energy through the captive open access route, the company mitigates exposure to volatile grid electricity prices. The expected financial impact includes a direct reduction in power procurement costs, while the operational impact involves a higher proportion of green energy in the total power mix. This aligns with broader industry trends where cement manufacturers are increasingly investing in captive renewable energy projects to meet environmental standards and improve cost structures.

Mangalam Cement Limited reported a 9.1% decline in Scope 1 greenhouse gas (GHG) emissions to 18,17,748 metric tonnes of CO2 equivalent in FY2025-26, driven by increased adoption of renewable energy sources and process optimisation. The company submitted its Business Responsibility and Sustainability Report (BRSR) to the National Stock Exchange of India Limited and BSE Limited on July 29, 2026, pursuant to Regulation 34(2)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This reduction supports the company’s strategy to mitigate climate risks associated with fossil fuel dependency in cement manufacturing.

The standalone report covers operations from April 1, 2025, to March 31, 2026, across three plants in Morak, Aligarh, and Nabarangpur. Total turnover stood at ₹1,75,840.61 Lakhs, with net worth at ₹97,729.23 Lakhs. Mangalam Cement utilised alternate energy sources extensively, including 128.36 Lakhs units of wind energy, 1,990.22 Tons of biomass in captive power plants, and 749.34 Lakhs Units from Waste Heat Recovery (WHR) systems. These initiatives contributed to a total renewable energy consumption of 2,181.82 TJ, up from 2,052.01 TJ in FY2024-25.

Environmental Performance Metrics

Scope 2 emissions also declined significantly, dropping to 27,969 MT CO2 equivalent from 37,389 MT CO2 equivalent in the previous year. The combined GHG intensity per rupee of turnover improved to 0.0001049653, down from 0.0001212584. Air emissions showed mixed trends: NOx decreased to 2,828.99 T/Year from 3,232.05 T/Year, while SOx rose to 460.35 T/Year from 356.87 T/Year. Particulate matter (PM) reduced slightly to 191.79 T/Year.

Water withdrawal decreased marginally to 3,26,972 KL from 3,32,068 KL, with the company maintaining a Zero Liquid Discharge policy. Total water discharged through Sewage Treatment Plants was 59,013 KL, down from 67,917 KL. Waste management efforts resulted in 4,825.89 metric tonnes of total waste generated, primarily plastic waste at 4,812.04 T/A.

Workforce and Social Responsibility

As of March 31, 2026, Mangalam Cement employed 587 employees and 2,628 workers. The Board comprised eight members, including one female director (12.50%). The company reported zero Lost Time Injury Frequency Rate (LTIFR) and zero fatalities for both employees and workers. Turnover rates for permanent employees rose to 10.63% from 8.98%, while permanent worker turnover increased to 8.82% from 8.06%. All employees and workers received training on human rights issues, achieving 100% coverage.

CSR activities under Section 135 of the Companies Act, 2013, focused on education, skill development, and women empowerment through tailoring training in rural areas. Input material sourced directly from MSMEs accounted for 21% of total inputs, down from 25%. Wages paid to persons employed in rural locations constituted 74.59% of total wages cost.

Governance and Stakeholder Engagement

Sales to dealers and distributors as a percentage of total sales increased to 74.77% from 69.29%, with 1,072 active dealers. Sales to the top 10 dealers amounted to ₹19,741.71 Lakhs. Accounts payable days improved to 53 days from 64 days. The company resolved all 523 customer complaints received during the year, with none pending at year-end. Shareholder complaints stood at six filed, with one pending resolution. No monetary or non-monetary penalties were levied, and no cases of corruption or conflict of interest were reported.