Investment7 Mar 2026, 05:45 pm
True Colors Ltd Expands Renewable Energy Portfolio; Solar Capacity to Reach ~4.5 MW
AI Summary
True Colors Ltd. has initiated the development of a solar power project with an installed capacity of approximately 2.5 MW for captive consumption. Upon completion, the Company's total installed solar capacity is expected to reach approximately 4.5 MW. This initiative is expected to support the Company’s long-term strategy of improving energy sustainability, operational resilience, and cost efficiency in manufacturing operations.
Key Highlights
- True Colors Ltd. is expanding its renewable energy portfolio with a 2.5 MW solar power project for captive consumption.
- Upon completion, the Company's total installed solar capacity is expected to reach approximately 4.5 MW.
- This initiative is part of the Company's long-term strategy to strengthen energy sustainability, operational resilience, and cost competitiveness across its manufacturing operations.
- The proposed solar power project is expected to be commissioned starting from June 2026, subject to execution timelines and completion of applicable regulatory procedures.
- Upon completion, approximately 60% of the Company’s total energy requirements will be met through solar power.