Business Update20 Oct 2026, 11:48 am
GRP Ltd Commences Commercial Solar Power Generation
AI Summary
GRP Ltd has announced the commencement of commercial solar power generation from its newly installed solar power plants at Ankleshwar and Panoli, Gujarat, effective October 19, 2026. The company has invested ₹2.60 Cr, financed through cash, to add a proposed capacity of 8 MWp. This initiative is expected to reduce overall energy costs for its manufacturing units by enabling procurement of solar power at a preferential tariff, aligning with environmental sustainability goals.
Key Highlights
- Commenced commercial solar power generation from new plants.
- Installed capacity of 8 MWp at Ankleshwar and Panoli.
- Investment of ₹2.60 Cr financed through cash.
- Aims to reduce energy costs via preferential solar tariff.
- Focus on utilizing environment-friendly renewable energy.
Price Impact
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