Shree Ajit Pulp Invests ₹62 Cr in Solar Power Plants

Shree Ajit Pulp and Paper Limited is investing approximately ₹62 crore in installing a 10 MW and 7 MW Solar Power Plant for its unit 1 and unit 2 respectively in Gujarat. This captive investment aims to harness sustainable energy, reduce electricity costs, and support environmental stewardship. The company is availing a term loan of up to ₹50 crore for this project. Unit 1's solar plant is expected to be completed by the end of the current financial year, with Unit 2's completion slated for the next financial year. The company will provide periodic updates on the plant's performance and financial impact.