Sanstar Commissions 3 MW Solar Power Plant at Kutch Facility, Boosting Renewable Energy Footprint
Ahmedabad: Sanstar Limited, a major producer of maize-based specialty products in India, announced the commissioning of its new 3 MW solar power plant located in Moda village, Rapar Taluka, Kutch, Gujarat. The project marks a significant step toward improving operational efficiency and reducing power costs at the company's Kutch facility.The solar power plant was established with an investment amounting to approximately Rs. 7.5 Crore. This renewable resource will be utilized exclusively for captive consumption by Sanstar Limited.
The installation of the 3 MW solar capacity is set to provide annual power cost savings estimated at around Rs. 3 Crore. Furthermore, the project is expected to meet approximately 40% of the total electricity requirement for the Kutch facility. This initiative is designed to support the company's commitment to improving cost efficiency while expanding its use of renewable energy sources.
The new solar capacity adds to Sanstar's existing renewable infrastructure. The company already operates a 3.5 MW solar power capacity and a 1.6 MW biogas-based power capacity at its Dhule facility, collectively strengthening the firm's commitment to sustainable and energy-efficient manufacturing operations.
Commenting on this development, Gouthamchand Chowdhary, Chairman and Managing Director of Sanstar Limited, stated that commissioning the 3 MW solar plant in Kutch is a vital move towards increasing renewable energy contribution and enhancing operational efficiency. He added that the project reinforces the company’s commitment to sustainable manufacturing, building upon its existing solar and biogas capacities. The management confirmed that they will continue exploring opportunities to integrate resource efficient solutions across their operations in line with broader sustainability objectives.
Sanstar Limited Overview
Sanstar Limited is recognized as one of India's leading companies specializing in corn-based specialty products and ingredient solutions, manufacturing starch, glucose, modified starches, dextrose, and various other corn derivatives. The company serves diverse industries including food and beverage, pharmaceuticals, animal nutrition, paper, and textiles.In addition to the Kutch facility commissioning, Sanstar recently upgraded its Dhule plant, increasing its total processing capacity for maize-based specialty products from 1,100 TPD to 2,350 TPD.
SANSTAR Stock Price Movement
On Wednesday, shares of Sanstar Limited edged higher to settle at ₹111.92, gaining 0.99% against the previous close. The stock traded amidst a range between ₹110.05 and ₹113.49, with a total volume of 130754 shares reported for the day.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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