Hindusthan Insulators to Install 5 MW Solar Plant for ₹11.25 Cr
Hindusthan Insulators & Industries Ltd announced board approval for the installation of a 5 MW (DC) / 3.9 MW (AC) Rooftop Solar Power Plant at its Mandideep manufacturing facility. The project, estimated at a capital expenditure of approximately ₹11.25 Crores (excluding taxes), will be funded through internal accruals. This initiative is expected to generate around 69.35 lakh units of electricity annually, leading to substantial savings in energy costs and enhancing operational efficiency. The company highlighted that this project reinforces its commitment to sustainability and the adoption of renewable energy, contributing to reduced carbon emissions and environmentally responsible business practices.
Key Highlights
- Board approved installation of 5 MW (DC) rooftop solar power plant.
- Estimated capital expenditure of ₹11.25 Crores, funded by internal accruals.
- Project expected to generate 69.35 lakh units of electricity annually.
- Aims to reduce energy costs and enhance operational efficiency.
- Reinforces commitment to sustainability and renewable energy adoption.
Price Impact
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