Board approves CEO for Foods Division and 700 KW solar addition at Puducherry
Board approved Sri.
By ScoutQuest · · 2 min read
- CEO - Foods Division Term
- 1 year, 28 Oct 2026 to 27 Oct 2027
- Solar Capacity Addition
- 5 MW to 5.7 MW by adding 700 KW (0.7 MW) at Puducherry
- Estimated Capex Outlay
- Rs.4.25 crores to Rs.4.50 crores
Two decisions came out of the Board meeting held on 28th October 2026 — one on leadership for the foods business, and one on solar power capacity for the Puducherry foods unit.
Leadership appointment
- Sri. R. Nandagopal has been appointed Chief Executive Officer of the Foods Division and is a Key Managerial Personnel of the company.
- The term is 1 (one) year, effective from 28th October 2026 to 27th October 2027.
- The appointment follows the recommendation of the Nomination and Remuneration Committee and the approval of the Audit Committee.
- Profile given in the update: MA (SW) from Madras University, with over 30 years of experience in HR, Six Sigma, sales and marketing product support for capital equipment, greenfield project management, technology and licence agreements, design and commissioning of greenfield manufacturing facilities, and solar energy systems.
Solar capacity expansion
- The company currently has 5 MW of solar power generating capacity at Gangaikondan, Tirunelveli District, used for captive consumption by the engineering division, and this capacity is 100% utilised.
- The Board has approved adding 700 KW (0.7 MW) at Puducherry, taking the total from 5 MW to 5.7 MW.
- The new capacity is meant for captive consumption of the foods division at Puducherry.
- Estimated capital outlay: Rs.4.25 crores to Rs.4.50 crores.
- Financing: internal accruals and long-term loans from bankers.
- Timeline: the proposed capacity is to be added within 31st March 2027.
- The proposal is subject to requisite approvals from the concerned authorities under applicable laws.
What investors can take away
- The update states the additional solar plant is expected to result in substantial saving in power cost at the foods division at Puducherry.
- Part of the funding is through long-term bank loans, so the outlay of Rs.4.25 crores to Rs.4.50 crores and the 31st March 2027 completion target are the items to track.
- The CEO appointment is for a defined one-year period, which gives a clear review point for the foods division's leadership.
Also from Kovilpatti Lakshmi Roller Flour Mills
Board meeting on 13 November 2026 to consider unaudited results for September quarter
4 Nov 2026
Board approves solar capacity rise to 5.7 MW at Puducherry, names CEO for foods division
28 Oct 2026
Board approves CEO for foods division and solar capacity rise from 5 MW to 5.7 MW
28 Oct 2026
More numbers
- Existing solar power generating capacity5 MW
- Solar capacity after proposed addition5.7 MW
- Proposed capacity addition at Puducherry700 KW
- Estimated capital outlay (lower end)Rs.4.25 crores
- Estimated capital outlay (upper end)Rs.4.50 crores
- Existing capacity utilisation100 %
- Experience of the appointed CEOover 30 years
- Term of CEO appointment1 (one) year
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