Scoda Tubes to Set Up 3 MW Solar Project for Captive Use Under Gujarat Policy
Scoda Tubes Limited will set up a 3 MW solar project costing ₹13.70 Crore for captive consumption under Gujarat's renewable energy policy. The project is expected to generate significant electricity and reduce costs, with estimated annual savings of ₹3.76 Crore.
The investment in a solar project is a positive step for operational efficiency and cost reduction, which could have a moderate impact on the company's financial performance.
The company is investing in a renewable energy project which is expected to lead to cost savings and contribute to sustainability.
Scoda Tubes Limited has received approval from the Gujarat Energy Development Agency (GEDA) to establish a 3 MW (AC) / 3.8 MW (DC) Ground Mounted Solar Project. This project, located in the Patan district of Gujarat, will be utilized for the company's captive power consumption under the Gujarat Integrated Renewable Energy Policy - 2025.
The total estimated cost for this solar project is approximately ₹13.70 Crore (Rupees Thirteen Crore Sixty-Nine Lacs Seventy-Four Thousand Forty Hundred Twenty Only). The project is expected to generate an average of 16,340 KWH of electricity daily, which translates to approximately 5,964,100 KWH annually.
This initiative is anticipated to result in significant savings on electricity bills, estimated at ₹1,02,942 per day and ₹3,75,73,830 per year. The company's Managing Director, Jagrutkumar Rameshbhai Patel, conveyed this information to the National Stock Exchange of India Limited and BSE Limited on April 8, 2026.
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See the model portfoliosA plain-language summary of a public exchange filing by Scoda Tubes Limited. Read the original for the full detail.