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TGV SRAAC Ltd continues its sustainability journey by adding a significant 5.0 MWp of solar power capacity, reflecting its strong commitment to green energy expansion. This addition boosts the company’s total solar power generating capacity, reinforcing its position as an eco-conscious industrial player in India.
Key Highlights
The 5.0 MWp capacity addition stems primarily from a strategic acquisition of solar power assets from its group entity, Sree Rayalaseema Hi-Strength Hypo Limited.
This latest enhancement pushes the company’s total solar portfolio to approximately 45.4 MWp, marking an incremental increase from its prior capacity of around 40.4 MWp.
The acquisition and capacity expansion received formal approvals from the Board of Directors and the Audit Committee, aligning with corporate governance standards.
Informative disclosures have been made to regulatory bodies such as BSE Limited to ensure compliance with SEBI’s Listing Obligations and Disclosure Requirements.
Sustainability and Future Outlook
By expanding its renewable energy footprint, TGV SRAAC aims to reduce dependency on conventional power sources, cut carbon emissions, and improve operational cost efficiency in the long term. This move also aligns with India’s broader renewable energy targets and enhances TGV SRAAC’s environmental, social, and governance (ESG) profile. The company is actively advancing a broader solar expansion plan targeting a total capacity of 100 MW, underscoring its long-range vision for sustainable industrial growth.
Implications for Stakeholders
This addition not only strengthens TGV SRAAC’s sustainability credentials but also sets a positive example for industrial peers to accelerate renewable energy adoption. Investors and stakeholders can expect improved energy cost management and a resilient business model adapted to evolving energy landscapes.
Sources: BSE Limited filings, ScanX Trade, Energetica India, Economic Times Market Updates
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