Pyramid Technoplast Commissions 6 MW Solar Plant, Targets ₹150 Million Annual Power Savings

Sustainability Investment Update  
Pyramid Technoplast Ltd, a leading manufacturer of polymer-based industrial packaging, has officially commissioned a 6 MW captive solar power facility in Gujarat. The project is expected to generate substantial cost savings and reduce the company’s carbon footprint, aligning with its long-term ESG goals. The solar plant will power multiple manufacturing units, enhancing energy self-reliance and operational efficiency.

The company has invested over ₹600 million in the project, with a targeted payback period of four years. This move is part of Pyramid’s broader strategy to integrate renewable energy into its operations and reduce dependency on grid electricity.

Major Takeaways  

• 6 MW solar plant commissioned in Gujarat to support captive power needs  
• ₹150 million in annual power cost savings projected  
• Total investment exceeds ₹600 million with a four-year payback horizon  
• Solar energy to power multiple manufacturing units across Gujarat  
• Initiative aligns with ESG goals and long-term sustainability strategy

Notable Updates 

• Pyramid Technoplast is also expanding capacity in Maharashtra and Gujarat  
• The company is progressing toward automation in its MS drums segment  
• Recycling and backward integration initiatives are underway to enhance margins  
• Management expects improved profitability and operational resilience in FY26

Sources: Pyramid Technoplast Annual Report 2024–25, ScanX News, LinkedIn (Sajjan Kumar), Business Standard