TGV Sraac , a prominent player in the chemical industry, has announced a significant expansion of its solar power generation capacity. The company has successfully added 5 MWp (Megawatt peak) of solar capacity to its existing operations, bringing its total solar portfolio to an impressive 50.4 MWp.

Solar Capacity Expansion

The latest addition of 5 MWp solar power capacity marks a substantial step in TGV SRAAC's commitment to renewable energy. This expansion increases the company's solar power generating capacity from 45.40 MWp to 50.40 MWp, representing an 11% increase in its solar portfolio.

Official Notification

In compliance with regulatory requirements, TGV SRAAC has formally notified the BSE Limited (Bombay Stock Exchange) about this development. The company's Chief General Manager & Company Secretary, V. Radhakrishna Murthy, submitted the intimation under Regulation 30 read with Schedule III Part-A Para-B (3) of SEBI (LODR) Regulations, 2015.

Implications for Sustainability

This expansion in solar capacity aligns with the growing trend of industrial companies investing in renewable energy sources. By increasing its solar power generation, TGV SRAAC is likely aiming to reduce its carbon footprint and decrease reliance on conventional power sources. This move could potentially lead to long-term cost savings and improved environmental sustainability for the company's operations.

About TGV SRAAC

TGV SRAAC, part of the TGV Group, is headquartered in Hyderabad, Telangana. The company operates in the chemical sector and has been actively expanding its renewable energy capabilities. With its registered office and factory located in Kurnool, Andhra Pradesh, TGV SRAAC has a significant presence in South India and maintains offices in major cities including Chennai, Bengaluru, Mumbai, and New Delhi.

This latest solar capacity addition demonstrates TGV SRAAC's ongoing commitment to sustainable practices and its proactive approach to integrating renewable energy into its industrial operations.

TGV Sraac Limited, a prominent player in the chemical industry, has recently expanded its solar power generation capacity, demonstrating a commitment to sustainable energy practices. The company has added 2.5 MWp of solar capacity to its existing portfolio, bringing its total solar power generating capacity to 45.4 MWp.

Solar Capacity Expansion Details

The expansion comes through a strategic acquisition of a solar power plant from M/s Sree Rayalaseema Hi-Strength Hypo Limited (SRHHL), a group company of TGV SRAAC. This move aligns with the company's ongoing efforts to increase its renewable energy footprint and reduce its reliance on conventional power sources.

Key Points of the Expansion

• New Addition: 2.5 MWp solar power capacity
• Previous Capacity: 42.9 MWp
• Total Capacity After Expansion: 45.4 MWp
• Acquisition: Purchased from Sree Rayalaseema Hi-Strength Hypo Limited (SRHHL)

Corporate Governance and Compliance

The company has adhered to proper corporate governance practices in this transaction. As per the LODR (Listing Obligations and Disclosure Requirements) data:

• The purchase agreement was entered into with the approval of both the Board and the Audit Committee.
• The company has duly informed the BSE Limited about this development, in compliance with Regulation 30 read with Schedule III Part-A Para-B (3) of SEBI (LODR) Regulations, 2015.

Implications and Outlook

This expansion of solar capacity underscores TGV SRAAC's commitment to sustainable practices and green energy adoption. By increasing its solar power generation, the company is likely aiming to:

1. Reduce its carbon footprint
2. Lower long-term energy costs
3. Enhance its environmental, social, and governance (ESG) profile
4. Contribute to India's renewable energy goals

As industries worldwide face increasing pressure to adopt cleaner energy solutions, TGV SRAAC's move positions it favorably in terms of sustainability and operational efficiency. This expansion may also serve as a hedge against potential future increases in conventional energy prices.

The company's proactive approach to expanding its solar capacity could potentially set a precedent for other chemical manufacturers and industrial players in India, encouraging broader adoption of renewable energy sources across the sector.