Scoda Tubes to set up 3.9 MW Solar Project for Captive Use
Scoda Tubes received GEDA approval for a 3.9 MW solar project for captive use. The project cost is ₹17.99 crore, with expected daily generation of 21,207.5 KWH. Annual electricity bill savings are estimated at ₹4.88 crore.
The investment in a solar project for captive consumption is a strategic move to reduce operating costs and improve sustainability. While significant, the impact is medium as it relates to operational efficiency rather than immediate revenue growth.
The company is investing in renewable energy for captive consumption, which is expected to lead to significant cost savings, positively impacting its operational expenses.
Scoda Tubes Limited has received approval from Gujarat Energy Development Agency (GEDA) to establish a 3.9 MW (AC) / 4.99 MW (DC) Ground Mounted Solar Project. This project, located in Sidhpur, Patan, will be utilized for the company's captive consumption under the Gujarat Integrated Renewable Energy Policy - 2025.
The estimated cost for this solar project is approximately ₹17.99 crore (Rupees Seventeen Crore Ninety-Eight Lacs Sixty-Nine Thousand Forty-One Only). The project is projected to generate an average of 21,207.5 KWH of electricity daily, equating to an annual generation of 77,40,738 KWH. The company anticipates significant savings in electricity bills, estimated at ₹1.34 lakh per day and ₹4.88 crore annually.
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Scoda Tubes Limited filed this with the NSE as a statutory disclosure, categorised under capex. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.