Krishanveer Forge Commissions 1 MWP Solar Plant in Karandewadi

KARANDEWADI, India — Krishanveer Forge Limited, a prominent player in the precision forging and industrial components sector, announced on July 3, 2026, the successful commissioning of a 1 Megawatt Peak (MWP) solar power plant at its manufacturing unit in Karandewadi, Maharashtra. This infrastructure development represents a strategic shift toward sustainable manufacturing processes for the company.

The solar plant was installed to provide captive power for the Karandewadi facility, which specializes in producing high-grade components for the automotive, railway, and agricultural machinery sectors. By integrating renewable energy into its core manufacturing operations, Krishanveer Forge aims to significantly reduce its carbon footprint and mitigate the rising costs of industrial grid electricity.

Enhancing Operational Sustainability

The commissioning of the 1 MWP solar power plant is part of a broader corporate strategy to transition toward greener energy sources. Industrial forging is inherently energy-intensive, requiring high-temperature furnaces and heavy machinery. By generating its own power, Krishanveer Forge expects to achieve greater cost efficiencies and stabilize its energy consumption metrics.

According to technical specifications released by the company, the plant is equipped with high-efficiency photovoltaic modules designed to withstand the region’s climatic conditions, ensuring consistent power output throughout the year. The captive plant is expected to meet a substantial portion of the Karandewadi factory’s daytime electricity requirements, thereby reducing the unit's reliance on the state distribution network.

Scaling Green Manufacturing

Krishanveer Forge has been actively investing in factory modernization over the past three fiscal years. The decision to invest in solar infrastructure aligns with national initiatives promoting industrial decarbonization. Company leadership has noted that shifting to renewable energy is not only an environmental imperative but also a key component in maintaining competitiveness in global markets, where supply chain sustainability requirements are increasingly stringent.

In addition to energy savings, the transition to solar energy supports the company's objective of achieving a more balanced energy mix. Industry analysts observe that such captive solar installations are becoming essential for medium-sized manufacturing firms to shield themselves from grid tariff volatility and potential power supply disruptions in industrial zones.

Official Sources

According to regulatory filings submitted to the Bombay Stock Exchange (BSE), the project was completed within the projected timeline and budget. The company confirmed that all necessary safety and grid-connectivity approvals from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) were secured prior to the official commencement of power generation.

Why It Matters

For stakeholders and investors, the move signals a commitment to long-term operational resilience. The use of captive solar power lowers the operational overhead of the Karandewadi factory, which can improve profit margins despite global price fluctuations in steel and raw materials. Furthermore, this initiative demonstrates that Krishanveer Forge is adapting to the evolving "green manufacturing" expectations of its Tier-1 automotive and industrial clients.

Key Facts at a Glance

• Project Capacity: 1 MWP (Megawatt Peak) solar power installation.

• Location: Krishanveer Forge manufacturing facility, Karandewadi, Maharashtra.

• Primary Objective: To supply captive solar power for energy-intensive forging operations.

• Strategic Goal: Reducing carbon emissions and optimizing industrial energy costs.

• Regulatory Status: Fully commissioned with all necessary grid-connectivity approvals from MSEDCL.

FAQ

How much power will the new solar plant generate? The plant has an installed capacity of 1 MWP, which is designed to provide significant supplemental energy for the Karandewadi factory's daily forging operations.

Why did Krishanveer Forge choose solar energy? Solar energy allows the company to reduce dependence on grid electricity, lower operational costs, and decrease its overall carbon emissions, aligning with modern green manufacturing standards.

Is this part of a larger plan? Yes, this installation is part of the company's long-term strategy to integrate sustainable technology into its industrial manufacturing processes to remain competitive and cost-efficient.

Source: Krishanveer Forge Limited, Bombay Stock Exchange (BSE), Maharashtra State Electricity Distribution Company Limited (MSEDCL)