Vraj Iron And Steel Secures Electricity Duty Exemption for Captive Solar Power Plant at Siltara Division
Vraj Iron And Steel Limited has received an order granting an exemption from the payment of Electricity Duty. The exemption applies to electricity generated from the company's Solar Photovoltaic Power Plant installed for captive consumption at its Siltara Division.The order was issued by the Office of the Chief Electrical Inspector, Government of Chhattisgarh, Raipur. The exemption is specifically for the electricity generated by the solar power plant and utilized by the company itself.
According to the details provided in the official record, the exemption from electricity duty is effective from December 7, 2025, and will remain valid until the solar power plant is operational for auxiliary use.
The key details of the order are summarized below:
| Particulars | Details |
|---|---|
| Name of the entity awarded the order | Vraj Iron and Steel Limited |
| Authority awarding the order | Office of the Chief Electrical Inspector, Govt. of Chhattisgarh, Raipur Chhattisgarh |
| Time period of exemption | Effective from December 7, 2025, and valid till the solar power plant is operational for auxiliary use. |
| Scope of Exemption | The exemption applies only to electricity generated from the company's solar power plant and used by itself. |
| Financial Consideration | The exemption is expected to result in significant savings in energy costs for the Company's Siltara Division. It will improve operating margins and cash flows and support the Company's renewable energy and sustainability initiatives. The exact financial impact will depend on the quantum of power generated and consumed during the tenure of the policy. |
The company stated that the financial benefit of the exemption is anticipated to improve operating margins and cash flows, supporting its ongoing renewable energy and sustainability initiatives in the Siltara Division.
VRAJ Stock Price Movement
Today, Vraj Iron and Steel Limited shares edged higher to close at ₹130.14, gaining 1.32% for the day. The stock saw robust trading on 81,889 shares, which ranged intraday from a low of ₹125.5 to a high of ₹131.78.Source:
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