Shree Ajit Pulp And Paper538795Renewable energy project
Installation of 10 MW and 7 MW solar plants for Unit 1 and Unit 2; estimated project cost Rs. 62.00 crore
The company is installing a 10 MW solar plant at Unit 1 and a 7 MW plant at Unit 2 in Valsad, Gujarat, as a captive investment to reduce electricity costs.
By ScoutQuest · · 1 min read
- Estimated project cost
- Rs. 62.00 crore
- Term loan facility
- up to Rs. 50.00 crore
- Solar plant capacity
- 10 MW solar plant at Unit 1 and a 7 MW plant at Unit 2
What the company told the exchange
- Shree Ajit Pulp and Paper Limited informed BSE that it is implementing installation of a solar power plant of 10 MW for Unit 1 and 7 MW for Unit 2, both in Gujarat.
- The company describes itself as a Kraft paper manufacturer and calls this a step towards sustainable energy and environmental stewardship.
- The plants are described as a captive investment in solar infrastructure at its Vapi manufacturing unit, with the stated aim of reducing the electricity expenses incurred during the production process.
Money involved
- Estimated project cost: Rs. 62.00 crore.
- Term loan facility being availed: aggregating up to Rs. 50.00 crore.
- Both figures are as stated by the company in the update.
Timelines given
- Installation of the solar power plant at Unit 1 will be completed by the end of this financial year.
- Unit 2 will be completed in the next financial year.
What the company says it will report later
- It will keep the market updated on the performance of the solar plant through periodic disclosures.
- Any material developments regarding the plant's operations, production or financial impact will be communicated to the exchange.
What this means for a reader
- This is a capital expenditure plan funded partly by borrowing, aimed at lowering the electricity bill of the manufacturing operations over time.
- The benefit to earnings, if any, would follow the completion of each phase, which the company has put in this and the next financial year.
- The stated purpose is cost reduction; the update does not quantify the expected savings, so the size of the benefit cannot be judged from this disclosure alone.
Also from Shree Ajit Pulp And Paper
Unit 1 operations resume on trial basis from October 11 evening after flood disruption
12 Oct 2026
More numbers
- Estimated project cost of solar plantsRs. 62.00 crore
- Term loan facility aggregating up toRs. 50.00 crore
- Solar power plant capacity - Unit 110 MW
- Solar power plant capacity - Unit 27 MW
Source: BSE · 31 Oct 2026
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