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Aether Industries Share Price in Focus After Commissioning 15 MW Solar Power Project

Updated on: Dec 30, 2024, 3:56 PM IST
Aether Industries has fully commissioned its 15 MW Solar Power Project. The project is expected to save over ₹150 million annually.
Aether Industries Share Price  in Focus After Commissioning 15 MW Solar Power Project
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Aether Industries Limited has announced the successful execution and commissioning of its 15 MW Solar Power Project featuring auto-tracker modules. This achievement marks a significant step towards the company’s focus on sustainability and renewable energy adoption.

The solar project, which was awarded to M/s. KPIG Energia Private Limited—a wholly-owned subsidiary of KPI Green Energy Limited—is now fully operational and supplying clean energy to the company’s manufacturing facilities in Surat, Gujarat.

Key Milestone in Renewable Energy Transition

The solar power plant, operating under the Captive Power Producer (CPP) segment, is designed to reduce Aether Industries’ reliance on conventional energy sources. The facility uses advanced auto-tracker modules, which optimize energy generation by following the sun’s movement throughout the day.

Cost Savings and Environmental Impact

The solar power project is expected to deliver substantial financial and environmental benefits. With projected annual energy cost savings exceeding ₹150 million, the initiative not only enhances profitability but also strengthens Aether Industries’ reputation as an environmentally conscious organization.

In addition to cost savings, the plant will help mitigate greenhouse gas emissions, supporting global efforts to combat climate change.

Stock Performance Update

Following the announcement, Aether Industries’ share price is in focus. The stock opened higher at ₹895 on December 30, 2024. However, the stock witnessed some profit booking and was trading at ₹883.20, up by 1.51% as of 1:27 PM. For the calendar year 2024, the stock has remained relatively unchanged, down by a marginal 0.45%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. 

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

Published on: Dec 30, 2024, 3:56 PM IST

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