Maral Overseas Approves ₹180 Cr Capex Plan & Investment in Solar Power
Maral Overseas approved a ₹180 crore capex plan for plant modernization and capacity expansion until 2030. It also increased its investment in Asawata Energy to ₹3.64 crore for a 15 MW solar power plant. The company reported Q2 FY27 revenue of ₹301.30 crore and profit after tax of ₹7.00 crore.
The large capex plan and strategic investment in renewable energy are substantial initiatives that are expected to have a significant long-term impact on the company's operational efficiency, capacity, and sustainability.
The company has approved significant capital expenditure for expansion and modernization, and an investment in a solar power project, indicating a positive outlook and growth strategy. The financial results for the quarter also show an increase in profit.
Maral Overseas Limited's Board of Directors, in their meeting on 27th October 2026, approved the un-audited financial results for the quarter and half-year ended 30th September 2026. The company also gave in-principle approval for a significant capital expenditure plan of up to ₹180 crore. This investment is earmarked for the upgradation, modernization, and capacity enhancement of its Sarovar Plant, covering the Spinning, Fabric Printing, and Engineering Divisions. A key part of this plan includes converting an existing unit into a melange unit. The implementation of this capex plan is projected to extend until the year 2030, subject to detailed project planning and funding availability.
Furthermore, the Board approved an increased investment amount of ₹3.64 crore for acquiring a 26% equity stake in Asawata Energy Private Limited. This stake is for setting up a 15 MW Solar Power Plant at the company's Sarovar Plant under a Group Captive Model. This revised investment follows previous disclosures made on 7th May 2026 and 30th July 2026, where the initial investment was stated as ₹2.60 lakh.
The financial results for the quarter ended 30th September 2026 show revenue from operations at ₹30,130.48 lakh and a profit after tax of ₹700.20 lakh. For the half-year ended 30th September 2026, revenue from operations was ₹56,451.77 lakh, with a profit after tax of ₹1,298.22 lakh.
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Maral Overseas Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Maral Overseas Limited. Read the original for the full detail.