Commercial solar power generation begins at Ankleshwar and Panoli plants
Solar plants at Ankleshwar and Panoli, Gujarat completed; commercial generation began October 19, 2026.
By ScoutQuest · · 1 min read
- Proposed Capacity
- 8 MWp (4 MWp*2)
- Investment
- Rs. 2.60 Cr
- Commercial Generation Start
- October 19, 2026
Solar generation switched on
- The company has successfully completed the installation of solar power plants at Ankleshwar and Panoli, Gujarat.
- Commercial generation of solar power commenced with effect from October 19, 2026.
- The company links this intimation to its earlier letters of November 13, 2025, November 14, 2025 and August 12, 2026.
Capacity and money
- Proposed capacity: 8 MWp (4 MWp*2).
- Investment: Rs. 2.60 Cr.
- Mode of financing: Cash.
- Period within which the proposed capacity is to be added: 25 years.
- Existing capacity and existing capacity utilisation are both shown as Nil, and the product is named as Solar Power.
Why the company says it is doing this
The stated rationale is that the plants enable the company to procure solar power at a preferential tariff for its manufacturing units in Gujarat. That, it says, reduces overall energy costs and lets it use environment friendly, renewable and sustainable energy.
How a reader can think about it
This is a cost-side development at the company's own manufacturing locations rather than a new product line being sold to customers. The financial relevance, as described by the company, is lower energy costs at its Gujarat units and a move towards greener power. The update quantifies the scale: 8 MWp of proposed capacity for an investment of Rs. 2.60 Cr., funded from cash rather than borrowings.
What to keep in mind
The commercial generation date, the capacity figure and the investment amount are the three concrete data points here. The benefit the company projects is a reduction in overall energy costs; the actual saving will depend on how much of the plants' output the units use and on the preferential tariff mentioned.
Also from GRP
Board meeting on 28 October 2026 to consider and approve September quarter results
23 Oct 2026
More numbers
- Proposed capacity8 MWp (4 MWp*2)
- InvestmentRs. 2.60 Cr.
- Period within which proposed capacity is to be added25 years
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