Shyam Metalics & Energy Ltd has acquired assets at a cost of ₹7.5 million and signed a solar power purchase agreement with EGPPL, marking significant strides in sustainability and operational efficiency. These initiatives signal the company’s commitment to renewable energy and cost-effective power consumption strategies.
Shyam Metalics & Energy Limited disclosed key strategic developments aimed at strengthening its energy portfolio and sustainability credentials. The company announced an acquisition valued at ₹7.5 million, reflecting investments in assets that complement its core operations.
Additionally, Shyam Metalics signed a significant solar power purchase agreement with EGPPL, a move designed to integrate renewable energy into its operations, reduce carbon footprint, and lower electricity costs. This aligns with the company’s broader sustainability commitments and cost rationalization goals.
These initiatives contribute to enhancing operational efficiencies and positioning the company advantageously in a market increasingly favoring green energy solutions.
The corporate developments were shared with regulatory authorities under SEBI compliance, ensuring transparency and investor awareness.
Key Highlights:
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Acquisition cost of ₹7.5 million adding to company assets.
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Solar power purchase agreement signed with EGPPL to secure renewable energy.
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Expected benefits include reduced energy costs and environmental impact.
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Alignment with sustainability and operational efficiency objectives.
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Disclosure made in compliance with SEBI Listing Obligations.
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Positions Shyam Metalics favorably amid growing emphasis on green energy.
Sources: ScanX Trade, Company SEBI Filings, Market Reports