TGV Sraac , a prominent player in the chemical industry, has announced a significant expansion of its renewable energy portfolio. The company's board has given the green light for the construction of a new 40 MW solar power plant, marking a substantial increase in its commitment to sustainable energy production.

Board Approval and Investment

The board of TGV SRAAC has approved the construction of the new solar power plant through a circular resolution on July 12, 2025. The project comes with an estimated investment of ₹120.00 crore, demonstrating the company's substantial financial commitment to renewable energy.

Funding and Implementation

According to the company's disclosure, the project will be funded through a combination of internal accruals and bank finance. This strategic decision reflects TGV SRAAC's strong financial position and its ability to invest in long-term sustainable projects.

Expanding Solar Capacity

With this new approval, TGV SRAAC is set to significantly boost its solar power generation capabilities:

The addition of the 40 MW plant will bring the company's total solar capacity to an impressive 100 MW, reinforcing its position as a leader in industrial solar power generation.

Strategic Location

While the exact location of the new solar plant has not been specified, the company has indicated that it will be situated either near their existing factory or at another suitable location. This flexibility in site selection suggests a strategic approach to maximizing the plant's efficiency and integration with existing operations.

Environmental Impact and Sustainability

By expanding its solar power capacity, TGV SRAAC is taking significant strides towards reducing its carbon footprint and aligning with global sustainability goals. This move is likely to enhance the company's environmental credentials and potentially lead to long-term cost savings in energy consumption.

Conclusion

The approval of this new 40 MW solar power plant represents a major step forward in TGV SRAAC's renewable energy strategy. As the company continues to invest in clean energy solutions, it not only strengthens its operational efficiency but also positions itself as a responsible corporate entity committed to sustainable practices in the chemical industry.

TGV SRAAC , a prominent player in the Indian chemical industry, has released its financial results for the fourth quarter, showcasing a remarkable improvement in profitability and revenue growth.

Impressive Profit Surge

The company reported a significant increase in its net profit for the quarter, reaching ₹217.00 crore. This represents a substantial year-over-year growth, with profits nearly tripling from ₹72.00 crore in the same quarter of the previous year. However, it's worth noting a slight sequential decline from ₹238.00 crore in the preceding quarter.

Strong Revenue Performance

TGV SRAAC's revenue for Q4 stood at ₹486.00 crore, marking a notable increase from ₹368.00 crore in the corresponding quarter of the previous year. This 32.07% year-over-year growth in revenue underscores the company's strong market position and effective business strategies.

Financial Results at a Glance

Dividend Announcement

In a move that will likely please shareholders, TGV SRAAC's board has recommended a dividend of ₹1.00 per equity share. This decision reflects the company's commitment to delivering value to its investors and its confidence in its financial stability.

The robust financial performance of TGV SRAAC in the fourth quarter, characterized by significant profit growth and solid revenue increase, indicates the company's resilience and strong market position in the chemical sector. The dividend announcement further underscores the management's optimistic outlook and commitment to shareholder returns.