Mangalam Cement Commissions 15.17 MW Solar Power Plant, Commences Supply
Mangalam Cement's investee, Suryadeep RJ-1 Projects Private Limited, commissioned a 15.17 MW solar plant in Rajasthan. Power supply commenced on August 6, 2026, under a Group Captive Open Access model. This is expected to reduce power costs and increase renewable energy usage.
The commissioning of a 15.17 MW solar plant is a significant step towards cost reduction and sustainability, likely having a medium-term financial and operational impact.
The commissioning of a captive solar power plant is a positive development, expected to reduce power costs and increase the company's use of renewable energy.
Mangalam Cement Limited (MANGLMCEM) has announced the successful commissioning of a 15.17 MW (AC) / 22 MW (DC) Solar Power Plant by its investee entity, Suryadeep RJ-1 Projects Private Limited. This plant, located in Barmer District, Rajasthan, operates under the Group Captive Generation Mechanism through an Open Access Solar Photovoltaic (PV) Plant on a Build-Own-Operate (BOO) basis.
The Short-Term Open Access (STOA) for power evacuation became effective on 6th August 2026, and the supply of solar power to Mangalam Cement Limited has commenced from the same date. This development follows an earlier intimation on 5th September 2024, regarding the execution of a Power Purchase Agreement (PPA) and Share Subscription and Shareholders' Agreement (SSSHA) for acquiring an equity stake in Suryadeep RJ-1 Projects Private Limited.
The commissioning is expected to result in a reduction in power costs and an increased share of renewable energy in the company's total power mix.
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