Mafatlal Industries Commissions 4 MWp Captive Solar Power Project at Nadiad Unit
Mafatlal Industries Limited, a prominent player in the Indian textile industry, has successfully commissioned its 4 MWp ground-mounted solar photovoltaic (PV) power project at its manufacturing facility located in Nadiad, Gujarat. This strategic investment aims to enhance operational efficiency and strengthen the company's commitment to sustainable practices.The solar power plant was developed with an investment of approximately INR 11 crores. The project is anticipated to generate close to 66 lakh kWh of net usable electricity every year, a resource that will fulfill a portion of the manufacturing unit's energy demands.
The implementation of this renewable energy source is set to improve cost competitiveness for the company by lowering energy expenditures, which remains a critical element within manufacturing costs. By reducing reliance on traditional power sources and mitigating its carbon footprint, Mafatlal Industries is reinforcing its commitment to responsible business practices and green energy initiatives.
Mafatlal Industries continues its investment trajectory in initiatives that are designed to boost operational excellence, fortify manufacturing competitiveness, and drive sustainable growth, thereby creating value for its stakeholders.
MAFATIND Stock Price Movement
Today, Mafatlal Industries Limited shares edged higher to close at ₹134.44, gaining 1.42% on the trading day. The stock saw a focused session, supported by a total traded volume of 32,270 shares and an intraday range spanning from ₹131.35 to ₹135.72.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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