Board approves CEO for foods division and solar capacity rise from 5 MW to 5.7 MW
Board meeting held on 28th October 2026 approved two proposals.
By ScoutQuest · · 2 min read
- Solar capacity addition
- from 5 MW to 5.7 MW by adding 700 KW (0.7 MW) at Puducherry
- Estimated capital outlay
- Rs.4.25 crores to Rs.4.50 crores
- Targeted completion
- within 31st March 2027
Leadership: CEO for the foods division
The Board, at its meeting on 28th October 2026, approved the appointment of Sri. R. Nandagopal as Chief Executive Officer of the Foods Division and Key Managerial Personnel of the company.
The term is 1 (one) year, effective from 28th October 2026 to 27th October 2027. The appointment followed the recommendation of the Nomination and Remuneration Committee and the approval of the Audit Committee.
His brief profile, as given in the update
- Holds MA (SW) from Madras University
- Experience of over 30 years across 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: 5 MW to 5.7 MW
The Board approved raising the company's solar power generating capacity from 5 MW to 5.7 MW by adding 700 KW (0.7 MW) at Puducherry.
- The new capacity is for captive consumption of the foods division at Puducherry
- It is subject to requisite approvals from the concerned authorities under applicable laws
- The existing 5 MW plant sits at Gangaikondan, Tirunelveli District, and its capacity utilisation is 100 %, used for captive consumption of the engineering division
Cost, funding and timeline
- Estimated capital outlay: Rs.4.25 crores to Rs.4.50 crores
- Mode of financing: internal accruals and long-term loans from bankers
- The proposed addition is expected to be completed within 31st March 2027
Why the company is doing it
The rationale stated is that the additional 700 KW (0.7 MW) plant at Puducherry is expected to result in substantial saving in power cost at the foods division there, since the unit would consume the power it generates rather than buying it.
What a retail investor can track
- Progress on the Puducherry installation against the stated target of completion within 31st March 2027
- The final capital outlay within the indicated Rs.4.25 crores to Rs.4.50 crores band, and how much is funded by bank loans versus internal accruals
- Receipt of the required approvals from concerned authorities
- The stated power cost saving at the foods division showing up in future cost numbers
- How the newly appointed CEO of the foods division takes forward that business
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 700 KW solar addition at Puducherry
28 Oct 2026
More numbers
- Existing solar power generating capacity5 MW
- Capacity after proposed addition5.7 MW
- Proposed capacity addition at Puducherry700 KW (0.7 MW)
- Existing capacity utilisation100 %
- Estimated capital outlay (lower end)Rs.4.25 crores
- Estimated capital outlay (upper end)Rs.4.50 crores
- Term of CEO appointment1 (one) year
- Experience of the appointed CEOover 30 years
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