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Aditya Ultra Steel to Install 5000 KWP Solar Captive Power Plant in Gujarat

Written by: Team Angel OneUpdated on: May 7, 2025, 3:19 PM IST
Aditya Ultra Steel to lease land for a 5000 KWP solar captive power plant in Gujarat, strengthening its shift towards clean and cost-effective energy solutions.
Aditya Ultra Steel to Install 5000 KWP Solar Captive Power Plant in Gujarat
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Aditya Ultra Steel Limited (AUSL), a manufacturer of TMT bars under the Kamdhenu brand, has taken a significant step towards sustainable operations. At its board meeting held on 29th April 2025, the company approved a resolution to lease land for the installation of a 5000 KWP (5 MW) solar captive power plant. This development underscores AUSL’s commitment to renewable energy and environmentally responsible production.

The share price of Aditya Ultra Steel was trading flat at 12:13 PM On May 7, 2025. 

Solar Power Plant to Offset Production Energy Costs

The solar project will be located at Survey Nos. 105, 106 P-1, 108 and 109 in Village Kundani, Sub-District Jasdan, District Rajkot, Gujarat. It is intended to serve the energy needs of AUSL’s manufacturing facility located at Wankaner, Rajkot, by substantially reducing reliance on grid electricity and bringing down operational costs.

This strategic move is not only aligned with sustainable energy goals but also serves as a proactive step to mitigate rising energy costs in the long run.

Lease Agreement with KPI Green Energy Ltd.

To facilitate the installation, AUSL’s board has approved leasing the identified land from KPI Green Energy Ltd. The land will be used exclusively for the setup of the solar captive power plant, supporting uninterrupted and clean energy supply for AUSL’s internal operations.

Read More: Solex Energy Receives ₹451 Crore Solar Modules Order from KPI Green Energy

Conclusion

The company has stated that any material updates regarding the plant’s construction, production capacity, or financial impact will be disclosed to the stock exchange as deemed appropriate by the board.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: May 7, 2025, 3:19 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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