Mangalam Worldwide Hits 11.6 MW Solar Capacity

Mangalam Worldwide Limited (MWL) has announced the commissioning of a new 10.4 MW ground-mounted captive solar power project, bringing its total operational solar capacity to 11.6 MW, including existing rooftop installations. This strategic move aims to reduce electricity costs by 20-40%, enhance energy security, and lower the company's carbon footprint. The company, which reported revenues of approximately ₹1,215 crore in FY26, expects this expansion to improve manufacturing competitiveness and strengthen its position in global infrastructure markets, particularly for its exports to 20 European countries. The solar capacity is projected to offset over 12,500 metric tonnes of CO2 emissions annually.