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.

TGV Sraac , a prominent player in the chemical industry, has reported stellar financial results for the first quarter, showcasing significant growth across key metrics.

Profit Soars

The company's net profit witnessed a remarkable surge, climbing to ₹388.00 million from ₹137.10 million in the same period last year, marking an impressive year-over-year growth of 183%.

Revenue Growth

TGV SRAAC's revenue also saw substantial improvement, increasing to ₹4.90 billion compared to ₹3.79 billion in the corresponding quarter of the previous year. This represents a solid 29.3% growth in top-line performance.

EBITDA Performance

The company's operational efficiency was highlighted by a significant boost in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). EBITDA more than doubled, reaching ₹945.00 million, up from ₹421.30 million in the year-ago period.

Margin Expansion

Notably, TGV SRAAC achieved substantial margin expansion. The EBITDA margin saw a remarkable improvement, expanding to 19.26% from 11.11% year-over-year, indicating enhanced operational efficiency and cost management.

Financial Highlights

The robust performance across all key financial metrics underscores TGV SRAAC's strong market position and effective business strategies. The significant improvements in profitability and operational efficiency suggest that the company has successfully navigated challenges and capitalized on market opportunities during the quarter.