Poojaa Precision Engg. Solar Project Commences Operations
Poojaa Precision Engg. Ltd has announced the commencement of commercial operations for its Solar Power Project, a key initiative funded by its Initial Public Offering (IPO). The project, located in Nanded, Maharashtra, has an installed capacity of 4.95 MWp (DC) / 3.30 MW (AC) and began operations on September 16, 2026. The generated solar power will be used for captive consumption in the company's manufacturing operations, aiming to enhance sustainability, improve energy efficiency, optimize operating costs, and reduce reliance on conventional energy sources. The total project cost was ₹1,481.43 lakh, fully funded through IPO proceeds. The company anticipates monthly savings of ₹40-45 lakhs on power costs.
Key Highlights
- Solar Power Project with 4.95 MWp capacity is operational.
- Project commenced on September 16, 2026, funded by IPO proceeds.
- Aims to reduce energy costs and enhance sustainability.
- Expected monthly savings of ₹40-45 lakhs.
- Enhances energy security and reduces carbon footprint.
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